SEC freezes assets of 18 traders over alleged manipulation
U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China-based, over an international market manipulation scheme that...
U.S., Chinese teams working on Phase 1 trade deal text: Mnuchin
U.S. and Chinese trade negotiators are working on nailing down a Phase 1 trade deal text for their presidents to sign next month, U.S. Treasury...
Southeast Asia’s mobile payments face shakeout as market booms
Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity firm Warburg...
Mexican billionaire Slim vows to invest in Mexico, touting economic prospects
Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he...
IBM revenue misses on weakness in its biggest unit; shares fall 5%
International Business Machines Corp missed Wall Street estimates for quarterly revenue on Wednesday, as its global technology services unit was hit by weakness in some...
Still work to do on China trade deal, Mnuchin says
U.S. and Chinese trade negotiators still have work to do on a “phase one” trade agreement ahead of a targeted signing by U.S. President Donald...
Boston pension votes to fire money manager Fisher, withdrawals surge toward $1 billion
The City of Boston’s retirement board on Wednesday voted unanimously to end its relationship with money manager Kenneth Fisher, whose firm has lost almost $1...
Oil rises on hopes OPEC will extend supply cuts, weaker U.S. dollar
Oil rose on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar...
U.S. SEC freezes assets of 18 traders over alleged manipulation
The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a market-manipulation scheme through which they...
Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
Fiat Chrysler Automobiles NV on Wednesday said it faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, as regulators...