Markets

Venezuela's central bank has begun using piles of cash rather than electronic transfer to sell foreign exchange to local banks, according to five finance sector sources, a sign of how the nation's economy has become increasingly primitive amid a hyperinflationary meltdown.

Two Federal Reserve policymakers on Friday said they were increasingly worried about weak inflation, an indication that some U.S. central bankers see a growing case for a future interest rate cut even as others push for continued patience.

Federal prosecutors in Manhattan asked billionaire investor Carl Icahn's company for information about trades in crane maker Manitowoc, Icahn Enterprises disclosed in a regulatory filing on Thursday, in its first acknowledgement of such a probe.

SINGAPORE: Hyflux late on Friday (May 3) revealed that United Arab Emirates utility company Utico FZC as the new white knight that could give it a potential S$400 million lifeline. Last week, the embattled water treatment firm said it had received a non-binding letter of intent from a Middle ...

LONDON: Heavily indebted British travel company Thomas Cook said on Friday it was in talks with its lenders about bolstering its finances, following recent media speculation about the firm's ability to pay its debts. The firm, which put its profitable airline business up for sale in February, has ......

Tesla Inc said on Friday its offering of 3.1 million shares was priced at US$243 per share and Chief Executive Officer Elon Musk will buy shares worth up to US$25 million.

U.S. authorities will this month return US$200 million (£153.8 million) stolen from Malaysia's state fund 1MDB, including money from a stake in a luxury New York hotel and from a Hollywood movie producer, two sources with direct knowledge of the matter said.

Global security officials agreed a set of proposals on Friday for future 5G networks, highlighting concerns about equipment supplied by vendors that might be subject to state influence.

U.S. Vice President Mike Pence said on Friday that President Donald Trump was optimistic the United States could reach a deal on trade with China.

General Motors Co said Friday it is recalling 368,000 medium- and heavy-duty diesel trucks equipped with engine-block heaters for fire risks after 19 reports of fires.