President Donald Trump last week called on the U.S. Federal Reserve to start building up its war chest of bonds again. He may get his wish - though not for the reason he wants.
The U.S. Federal Reserve on Monday proposed a new regulatory regime for 23 foreign banks operating in the U.S. that could make life easier for some lenders, while tightening up rules for more risky foreign firms.
Italian-American automaker Fiat Chrysler Automobiles NV has agreed to pay US$110 million to settle a lawsuit alleging it misled U.S. investors over excess diesel emissions and failed to comply with federal safety regulations, court records show.
Daniel Loeb's hedge fund Third Point LLC is building a stake in Sony Corp to push for changes, the second time in six years it has targeted the Japanese electronics maker, people familiar with the matter said on Monday.
U.S. stocks opened lower on Monday, pausing after the S&P 500's seven-day winning streak, as investors braced for what could be the first decline in corporate earnings since 2016 and a drop in Boeing Co's shares hit the Dow industrials.
Shares of General Electric Co fell about 6 percent on Monday after J.P. Morgan's Stephen Tusa, a top-rated analyst on the stock, downgraded and further cut his target price to a Street-low of US$5.
BlackRock Inc Chief Executive Officer Larry Fink said on Monday that his ambition was to build an onshore presence in China and become the leading global asset manager there.
The tripartite guidelines are a noble effort but no guideline can fix unconscious bias, indirect discrimination and bullying, say management experts Carys Chan and Dawn Chow.
The European Union's data protection supervisor on Monday said it had launched an investigation into whether services and products provided by the software giant Microsoft to EU institutions comply with its new data protection rules.
Qatar said on Monday it had filed lawsuits against three banks, accusing them of using what it called overseas currency manipulation to sabotage its economy in the wake of an Arab boycott against the country in 2017.
