Costco limits shoppers in first China store after opening-day fiasco
Costco Wholesale Corp said it will limit the number of shoppers at its new China store after overcrowding forced the U.S. big box retailer to...
U.S. yield curve inverts further, 30-year yields hit new record low
A key part of the U.S. yield curve, a closely-followed recession indicator, inverted further on Wednesday while 30-year Treasury yields fell to a few record...
Exclusive: Fake-branded bars slip dirty gold into world markets
A forgery crisis is quietly roiling the world’s gold industry....
Asian stocks post modest gains on Wall Street futures, oil
Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about...
BP to quit Alaska after 60 years with $5.6 billion sale to Hilcorp
British oil major BP Plc on Tuesday agreed to sell all its Alaskan properties for $5.6 billion to privately held Hilcorp Energy Co, exiting a...
Hyundai Motor agrees wage deal, avoids strike for first time in eight years
Hyundai Motor Co and its South Korean workers’ union have reached a tentative wage deal and averted strike action for the first time in eight...
Business group issues wake-up call on China’s corporate ‘social credit’ plan
The rollout of China’s controversial corporate “social credit system” is well under way and accelerating, a European business lobby in the country said on Wednesday,...
Exclusive: Financial hit from 737 MAX will not slow appetite for services deals – Boeing CEO
Boeing Co’s chief executive said on Tuesday that the financial fallout from the grounding of its 737 MAX jetliner would not slow the world’s largest...
After blacklisting, U.S. receives 130-plus license requests to sell to Huawei: sources
The U.S. Commerce Department has received more than 130 applications from companies for licenses to sell U.S. goods to China’s Huawei Technologies Co Ltd, three...
Hyundai Motor, South Korean union reach tentative wage deal without strike
Hyundai Motor and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a...