The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a US$3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.
South Korean President Moon Jae-in on Friday signed deals worth $12 billion with Uzbekistan during a week-long tour of Central Asia, as he seeks to ease reliance on China and the US.
U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite declining mortgage rates.
BEIJING: China said Friday (Apr 19) leaders from 37 nations and North Korean representatives will attend a summit for its Belt and Road Initiative next week as it hit back at criticism of the massive trade infrastructure project. Chinese President Xi Jinping's pet project is a US$1 trillion ......
Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part that could allow the
KUALA LUMPUR: Malaysia will revive a US$34 billion Chinese-backed transport and property development that was abandoned in 2017, the prime minister said Friday (Apr 19), adding the project would contribute to Beijing's global infrastructure drive. The announcement came after the countries agreed ...
China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, the Communist Party's top decision-making body said on Friday.
Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan.
KUALA LUMPUR: Malaysia is negotiating with several countries to acquire military assets through barter trade, said Defence Minister Mohamad Sabu on Friday (Apr 19). Pakistan, Russia and China have shown their readiness to accept palm oil in exchange for military equipment, he said at a press ...
Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats.
