Fed chief likely to focus on trade-inspired policy shift in testimony
The U.S. Federal Reserve over the course of its 105-year history has changed monetary policy in reaction to property crashes, war, financial bubbles and policymakers’...
Corporate activist Elliott outspending rivals: Lazard data
Elliott Management Corp, Paul Singer’s $35 billion hedge fund, has outspent all rivals in pushing for corporate changes like spin-offs, mergers, and management overhauls this...
British billionaire Dyson buys Singapore’s priciest penthouse
British billionaire James Dyson, inventor of the bagless vacuum cleaner, has bought Singapore’s most expensive penthouse, official records show....
Chinese movie-ticketing leader Maoyan says to boost film investment, Tencent partnership
Maoyan Entertainment , China’s leading movie-ticketing platform, said it would boost investment in the domestic film industry and deepen its partnership with Tencent Holdings Ltd...
Oil prices rise as data shows bigger-than-expected fall in U.S. stockpiles
Oil prices rose on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for a fourth week in a row,...
Oil rises more than 1% after U.S. stockpile drop; Brent nears $65
Oil prices gained more than 1% in early trade on Wednesday, led by U.S. crude after an industry group reported that U.S. stockpiles fell for...
Mexico calls out Louis Vuitton for using traditional pattern
The Mexican government has questioned Louis Vuitton’s use of a traditional Mexican pattern in the design of a chair, less than a month after it...
Bombardier to lay off 550 workers at Thunder Bay, Ontario, plant: BNN Bloomberg
Canada’s Bombardier Inc is laying off half the 1,100 workers at its Thunder Bay, Ontario, railway car plant, BNN Bloomberg reported on Tuesday, citing a...
Rice group set to take control of EQT board in proxy contest: sources
Brothers Toby and Derek Rice are on course to win control of EQT Corp’s board of directors two years after having sold their own company,...
U.S., Chinese negotiators hold ‘constructive’ phone talks on trade
U.S. and Chinese trade officials held a “constructive” phone conversation on Tuesday, White House economic adviser Larry Kudlow said, marking a new round of talks...