Finance

Adelson, Wynn make Forbes list of top business minds

Forbes magazine has named two Las Vegas-based casino operators to its list of the World’s 100 Greatest Living Business Minds....

Craft beer shakes up Dubai cocktail scene

Liquor and beer sales help drive tourism to the UAE, particularly to Dubai...

US current account deficit hits $123.1B

Trump has promised to reduce America’s trade deficit, contending it costs U.S. factory jobs...

How Air-Conditioning Invented the Modern World

A new book by the economist Tim Harford on history’s greatest breakthroughs explains why barbed wire was a revolution, paper money was an accident, and HVACs were a productivity...

Those Who Don’t Learn From Financial Crises Are Doomed to Repeat Them

The first modern market crash, in 1987, reflected lasting changes in how Wall Street works. Regulators still haven’t adjusted....

Kohl's to start accepting Amazon returns at some stores in L.A. and Chicago

Kohl's, which is opening some in-store Amazon shops, will start accepting returns for the online retailer at some of its stores in Los Angeles and Chicago....

Nestlé sponsored a river barge to create a 'floating supermarket' that sold candy and chocolate pudding to the backwoods of Brazil

Nestlé sponsored a river barge to bring tens of thousands of its products to Brazil's poor, which critics say contributes to the country's obesity epidemic....

MIZUHO: Here's why Facebook has 'a realistic opportunity' to enter China in 2018

Facebook has a "realistic opportunity" to enter China in 2018, Mizuho analyst James Lee wrote in a note to clients on Tuesday....

Tesla may be about to get a big win in China

Since the mid-1990s, foreign automakers have been compelled to establish joint ventures with Chinese companies, if they want to manufacture vehicles locally....

US current account deficit hits $123.1 billion

The deficit in the broadest measure of U.S. trade rose to the highest level in more than eight years this spring, reflecting in part a drop in fines and...

With new operating system, Apple revamps its money-making App Store

By Stephen Nellis(Reuters) - Apple Inc's newest......

China's Financial Fortress

Beijing may ease access for foreign banks and insurers. Don't expect them to make much headway....

These photos reveal what it's like to shop at Walmart in China

Feng Li/ Getty Walmart stores in China may not look like anything out of the ordinary from the outside, but the interior of the stores couldn't be more different from its U.S....

We visited the 'McDonald's of the Philippines,' which serves spaghetti and fried chicken alongside its burgers — here's what it's like

Hollis Johnson A Filipino fast-food behemoth is gearing up to take over the US. It seems there's a Jollibee on every corner in the Philippines - in fact, it's one of the few...

EU Chamber warns China: Open economy faster or risk backlash

A foreign business group appealed to China on Tuesday to move faster in carrying out promises to ope......

Paul Ryan discusses tax reform with Harley-Davidson leaders

House Speaker Paul Ryan says he understands why Harley-Davidson is opening a manufacturing plant in Thailand, calling it a "market-access move."....

Asian shares wobble as investors await Fed meeting for rate clues

By Lisa TwaroniteTOKYO (Reuters) - Asian shares......

Here's why you should never buy property sight unseen

Asian buyers are cash rich, love luxury new-build property, and targeted by developers in cities like London, New York, San Francisco, Vancouver, and Sydney....

Why the new iPhone 8 may not bring Apple good fortune in China

Despite its hefty price tag, Apple's iPhone X is the most wanted among the three new models in China....

The US is no longer the world's largest Bitcoin market

This country now accounts for roughly 48% of Bitcoin's global market share....

Here's what North Korea trades with the world

Visualizations of North Korea's major exports and imports and trading partners....

JPMorgan trading bitcoin for clients despite Dimon’s ‘fraud’ rant

JPMorgan Chase has been routing customer orders for bitcoin-related instruments, a spokesman said on Monday, despite the bank’s chief executive calling the crypto currency “a...

TransferWise founders to rake in millions from first share sales

TransferWise’s founders will sell some of their shares when it raises funds valuing it at $1.6bn (£1.2bn), Sky News learns....

Northrop Grumman buys Orbital ATK for $7.8 billion

Both companies have offices in Huntsville with Northrop being the larger presence....

Kushner company buying apartment complex near Princeton, NJ

NEW YORK (AP) - The real estate company owned by the family of Jared Kushner said Monday that it is expanding its holdings with the purchase of a 1,032-unit complex near Princeton,...

'Rolling Stone' magazine is looking for a buyer

Co-founder and publisher Jann Wenner is looking to sell the magazine, which is celebrating its 50th anniversary this year....

Another major deal in defence sector as global tensions rise

Northrop Grumman is buying Orbital ATK for about US$7.8 billion, with a backdrop of rising global tensions accelerating big deals in the defence sector....

China detains man for service to evade internet firewall

Chinese authorities have detained a software developer for selling computer services that allow internet users to evade China's "Great Firewall," which blocks access to thousands...

With U.S. defence spending rising, Northrop Grumman buys Orbital

U.S. defence contractor Northrop Grumman Corp said on Monday it would buy missile and rocket maker Orbital ATK Inc for about $7.8 billion in cash, giving it access to lucrative...

Ford is exploring a strategic partnership with an Indian auto maker

The companies said in a joint statement the areas of potential co-operation include connected cars, mobility programs, electric vehicles and sourcing....

Northrop Grumman buys rocket maker Orbital for $7.8 billion

US defense contractor Northrop Grumman said on Monday it would buy missile and rocket maker Orbital ATK for about $7.8 billion in cash, giving it access to lucrative contracts with...

Smashing stereotypes shaped Mellody Hobson's quest for diversity

Mellody Hobson, in her mid-20s and a newcomer to the world of investment, walked into a vast office in Texas with two senior male colleagues for a meeting. At...

Young democracy activist among Macau election winners

Macau voters have elected a young pro-democracy activist to the Chinese casino capital's legislature, as opposition lawmakers expanded their presence at the expense of candidates...

Asian markets rise ahead of Trump's speech to UN

Asian stock markets rose Monday as investors looked ahead to a U.S. Federal Reserve policy meeting and U.S. President Donald Trump's speech at the United Nations....

China expresses concern over EU push to curb foreign takeovers

BEIJING (Reuters) - China expressed concern on......

In shedding bonds, Fed aims for boring end to crisis-era measures

By Jonathan Spicer and Ann SaphirNEW YORK/SAN......

Take a Hint, Jack

The Alibaba founder should drop his pursuit of MoneyGram....

What's an ICO? Like an IPO But With Digital Coins

An IPO, or initial public offering, offers a chance to make big money quickly by getting in on the ground floor of the next new Google or Facebook. An ICO, or initial coin...

Government faces Brexit revolt from unhappy carmakers over customs

Manufacturers are challenging ministers over the lack of clarity on future trade arrangements, Sky News' Brexit Forensics finds....