Oil prices rose nearly 3per cent on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said OPEC was close to agreeing to extend an output production cut beyond June and as Wall Street rallied.
Boeing Co learned that a cockpit warning light on its 737 MAX jetliner was defective in 2017 but decided to defer fixing it until 2020, U.S. lawmakers said on Friday.
Wells Fargo & Co will pay at least US$386 million to settle class-action claims by customers who said the bank signed them up for auto insurance they did not want or need when they took out car loans.
WASHINGTON: U.S. job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labor market, which could put pressure on the Federal Reserve to cut interest rates this year. The broad cool-off in...
The United States has hit Iran's petrochemical group PGPIC with economic sanctions due to its ties with the country's Revolutionary Guards (IRGC), the Treasury Department announced on Friday.
SAINT PETERSBURG: China's Xi Jinping and Russia's Vladimir Putin hit back at US global economic dominance on Friday (Jun 7) as they took the stage together at Russia's showcase business forum. With China embroiled in a trade war with Washington and Russia under Western sanctions, Xi and Putin ...
FedEx Corp said on Friday it has decided to not renew its contract with Amazon.com Inc for U.S. cargo delivery through FedEx Express.
Anadarko Petroleum repeatedly spurned rival Occidental Petroleum's approaches and pushed for all-cash offers, fearing the market's reaction to the blockbuster US$38 billion deal, according to securities filings released on Friday.
SINGAPORE: Singapore-listed real estate firm City Developments Ltd (CDL) announced on Friday (Jun 7) another attempt to buy Britain's Millennium & Copthorne (M&C) Hotels, this time for £2.23 billion (S$3.9 billion). The offer represents a premium of about 37 per cent to M&C's closing price of 500 ...
Russian President Vladimir Putin warned the United States on Friday that what he described as unbridled economic egoism was a recipe for trade and maybe even real wars.
