Business News

By Saeed Azhar NEW YORK (Reuters) – The Chinese government’s support of banks hit by property woes will enable it to avert a financial crisis like the one in 2008 …

JAKARTA (Reuters) – Indonesia has asked Chinese carmaker Geely Automotive Holdings to help it build a homegrown electric car by 2025 or 2026, a senior minister said on Tuesday, adding …

(Corrects first name in paragraph 2) By David Shepardson and Joseph White (Reuters) – The United Auto Workers on Wednesday outlined plans for a series of strikes targeting individual U.S. …

TAIPEI/BEIJING (Reuters) – Taiwan’s government on Thursday rejected a plan by China to boost economic integration as a cash grab to boost the country’s “deteriorating” business environment and futile bid …

By Muyu Xu SINGAPORE (Reuters) – Appetite for Iranian crude is growing in China, the world’s biggest oil importer, after the extension of supply cuts by Saudi Arabia and Russia …

COPENHAGEN (Reuters) -Sweden’s Volvo will begin serial production of heavy battery electric trucks at its Ghent factory in Belgium, the truckmaker said in a statement on Thursday. The Ghent factory …

SHANGHAI (Reuters) – China’s central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, …

By Stella Qiu SYDNEY (Reuters) – Australia’s employment surged in August while its participation rate hit a record high and the jobless rate held steady, in a sign that decade-high …

By Juby Babu (Reuters) – Trucking firm Estes Express has submitted a revised stalking horse bid worth $1.525 billion in cash for bankrupt Yellow Corp’s shipment centers, according to a …

By Xinghui Kok and A. Ananthalakshmi KUALA LUMPUR/ISKANDAR PUTERI, Malaysia (Reuters) – As cash-strapped developer Country Garden battles to stave off default, its sprawling $100 billion development in Malaysia has …

STOCKHOLM (Reuters) – The pace of headline Swedish inflation slowed more than expected in August, official data showed on Thursday, but analysts believe it will not be enough to prevent …

BEIJING (Reuters) -A European Commission investigation into Chinese electric vehicles believed to have benefited from state subsidies will have a “negative” impact on economic and trade ties, China’s commerce ministry …

By Dmitry Zhdannikov and Ron Bousso LONDON (Reuters) -BP CEO Bernard Looney’s abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed …

(Reuters) – Moody’s on Thursday cut China’s crisis-hit property sector’s outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen sales despite government support. Moody’s …

By Echo Wang and Anirban Sen NEW YORK (Reuters) – Chip designer Arm Holdings Plc secured a $54.5 billion valuation in its U.S. initial public offering (IPO) on Wednesday, seven …

(This Sept.13 story has been corrected to fix the pronoun to ‘she’ in paragraph 8) By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – Foreign investors sold Asian bonds in August …

By Simon Johnson STOCKHOLM (Reuters) – Need a cheap, reliable second-hand car? Think Sweden, where a nosedive in the local crown currency over the past 18 months is proving a …

By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s Reserve Bank will keep interest rates steady at 8.25% at its Sept. 21 meeting to curb the impact of fuel price inflation, …

SHANGHAI (Reuters) -China’s central bank has asked some of the country’s biggest lenders to refrain from immediately squaring their foreign exchange positions in the market, and to run open positions …

(This Sept. 12 story has been refiled to change ’employees’ to ‘partners’ in paragraph 1) (Reuters) – Amazon.com on Tuesday said it is investing over $440 million over the next …

(Reuters) – Singapore Exchange (SGX) has appointed Michael Syn as its new president, the bourse operator said on Thursday. Syn was the exchange’s head of equities. SGX also announced a …