JPMorgan set for historic majority stake in China funds JV: sources
JPMorgan was on Friday poised to become the first foreign company to hold a majority stake in a Chinese mutual fund business, two sources said,...
Exclusive – India’s biggest carmaker Maruti Suzuki cuts temporary jobs as sales plunge
India’s biggest automaker, Maruti Suzuki India Ltd , said it had cut the number of its temporary workers to cope with a slowdown in auto...
U.S. hiring slows; shorter factory workweek a red flag
U.S. job growth slowed in July and manufacturers slashed hours for workers, which together with an escalation in trade tensions between the United States and...
Wall Street Week Ahead: Disney report to shine spotlight on streaming war
Quarterly reports next week from Walt Disney Co , CBS and Viacom will likely highlight increasing competition in video streaming and could spark volatility in...
Exchange operator Cboe plans new data platform as profits rise
Cboe Global Markets Inc plans to build a research and data platform that will provide its customers with trading insights and spur new financial products,...
U.S. economy is adding plenty of jobs, but not hours for workers
The U.S. economy is adding lots of jobs, but a drop in the number of hours at work points to a dimmer outlook for economic...
Oil prices bounce nearly 3% after plummeting on Trump’s tariff plan
Oil prices rallied nearly 3% on Friday, a partial rebound from their biggest daily drop in several years on U.S. President Donald Trump’s promise to...
Trump accuses China’s Xi of failing to halt fentanyl exports to U.S.
U.S. President Donald Trump on Thursday accused his Chinese counterpart of failing to meet promises to stem a deluge of the synthetic opioid fentanyl into...
Volvo Cars, China in first blockchain project for recycled cobalt
Volvo Cars, owned by China’s Geely [GEELY.UL], has produced the first cars containing recycled cobalt mapped using a blockchain, and has joined a separate project...
Exxon Mobil profit sinks on weakness in chemicals, refining
Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as falling earnings...