Markets

Australian regulators will consider intervening to stop banks from automatically directing "tap-and-go" card payments through the world's largest payment processors Visa and Mastercard Inc., the central bank said on Wednesday.

Mike Lynch, the British tech billionaire who sold his data company Autonomy to Hewlett Packard, submitted himself for arrest on Wednesday as part of a bid by the United States to extradite him to face criminal charges.

French media group Vivendi may take further legal action against Italy's Mediaset if it continues with a plan to merge its Italian and Spanish units, Vivendi's representative in Mediaset Espana Vincent Vallejo said on Wednesday.

This month's Mobile World Congress in Barcelona will go ahead as planned, the organiser said, after LG Electronics withdrew due to the coronavirus outbreak and top Chinese firms confirmed their participation.

The U.S. trade deficit dropped for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, helping the economy to continue growing moderately in the fourth quarter despite a slowdown in consumer spending.

NEW YORK: When London-based Revolut opens its virtual doors in America this year, it will be the latest European digital bank to challenge incumbent U.S. lending giants after forays by Monzo and N26, but the challenges it faces have not diminished. While the start-ups are experiencing fast growth ......

Coty Inc beat Wall Street estimates for quarterly profit and revenue on Wednesday as it sold more nail care products to salons and beauty professionals in Europe, sending its shares up 10per cent in premarket trading.

The U.S. trade deficit dropped for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, helping the economy to continue growing moderately in the fourth quarter despite a slowdown in consumer spending.

Thousands of Chinese tourists risk being stranded in Bali after the Indonesian government suspended flights to and from mainland China over fears of the deadly coronavirus outbreak.

U.S. stock index futures surged on Wednesday on reports of medical breakthroughs in the fight against the fast-spreading coronavirus and expectations of more stimulus from China to limit the economic fallout of the epidemic.