Explainer: ‘Stablecoins’ in the spotlight as Facebook unveils Libra cryptocurrency
The original cryptocurrency accounts for over half of the $285 billion global coin trading market. But that dominance is under threat, with a host of...
White House considered demoting Fed’s Powell -report
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship and demoting him to be...
From gas in Russia to China-bound plastics, Austria’s OMV shifts focus for growth
After years of largely banking on low-cost Russia for growth, OMV is shifting attention towards the Middle East as its chemist chief executive chases his...
Global stocks rally on hopes from trade, monetary policy
Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, while equities got...
Airbus Helicopters sees 18-month wait for oil & gas demand pick-up
Airbus expects it will be another 18 months before it sees the first signs of a recovery in demand for large helicopters from the oil...
Trump says U.S., Chinese teams to restart trade talks ahead of G20
U.S. President Donald Trump said on Tuesday he had spoken to Chinese President Xi Jinping and that the two leaders’ teams would restart trade talks...
Facebook takes aim at e-commerce with Libra cryptocurrency
Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global...
Exclusive: U.S. seen open to mechanism to end aircraft subsidy spat – sources
The United States is expected to be open to negotiations on an “enforceable mechanism” that could allow European planemaker Airbus to receive government funding on...
Loonie little changed, pares earlier drop as oil price rallies
The Canadian dollar was little changed on Tuesday, paring earlier losses after slipping to a two-week low against the greenback, as a rally in oil...
Kellogg to cut jobs, take $35 million pretax hit on North America unit revamp
Kellogg Co said on Tuesday it would cut about 150 jobs and take a $35 million hit to trim its North American operations following the...