A Wall Street Journal report that the Fed plans to cut rates by only a quarter percentage point has erased earlier gains, with all three indexes closing down.
The US Department of Transport has approved the joint venture between American Airlines and Qantas, which would see the airlines co-ordinate sales and prices.
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Asia’s “Fort Knox,” a private, maximum-security vault in Singapore, is for sale.Le Freeport, a multistory repository for fine art, precious gems and even JPMorgan Chase & Co.’s stash of gold, has been seeking
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016. U.S. Transportation Secretary Elaine Chao announced the approval on Friday afternoon, noting it was the
The U.S. Department of Transportation (DOT) on Friday granted American Airlines Group Inc and Qantas Airways Ltd final approval to operate a joint venture after a prior effort was rejected in 2016. U.S. Transportation Secretary Elaine Chao announced the approval on Friday afternoon, noting it was
(Bloomberg) -- Vale SA’s second-quarter production due next week may offer clues on whether the world’s largest iron ore producer could provide some relief to a market reeling from shortages that sent prices to a five-year high.Analysts, on average, expect the Rio de Janeiro-based miner to report that
(Bloomberg) -- Billionaire hedge-fund manager Ray Dalio sent ripples through the gold market this week when he advised buying the metal, but he’s part of a bigger wave.In the past month, banks including Goldman Sachs Group Inc., Citigroup Inc. and Morgan Stanley have raised their forecasts for bullion
The European Union cannot ignore China's National Intelligence Law, which requires Chinese citizens to support state information-gathering, as Brussels seeks rules for super-fast mobile networks, a senior EU official said on Friday. EU governments are debating ways to protect next-generation mobile
(Bloomberg) -- Anheuser-Busch InBev NV bounced back quickly from the failed initial public offering of its Asian unit, selling Australian beer assets in a deal valued at A$16 billion ($11.3 billion) and keeping alive the prospect of a share sale.The disposal of Foster’s and other brands to Asahi Group
(Bloomberg) -- Russia’s wheat harvest so far shows yields have dipped below last year’s level, raising questions about current crop estimates.Yields fell 3% from a year earlier as the top wheat shipper processed wheat from 8.2 million hectares, Agriculture Ministry data show. The acreage is about 30%
(Bloomberg) -- Ross McEwan, who engineered Royal Bank of Scotland Group Plc’s revival, is now taking on another turnaround job after being appointed chief executive officer of scandal-plagued National Australia Bank Ltd.During his time at RBS, which was nationalized in the wake of the global financial
A powerful committee of British lawmakers on Friday urged the next prime minister to decide quickly on the role China's Huawei will have in next-generation 5G telecommunications networks to avert more damage to Britain's international relations. The UK is a battleground in a geopolitical tug-of-war
Agricultural chemical maker Syngenta on Friday reported a 34% fall in first-half net income, showing the impact of U.S. trade disputes with China and Mexico as well as bad weather in some of its markets. Basel-based Syngenta was bought in 2017 by state-owned ChemChina [CNNCC.UL] for $43 billion, which
A Dutch sustainability advocate completed the longest ever journey in an electric vehicle in New Zealand on Friday after a three-year drive that took him through more than 30 countries. Wiebe Wakker set off from the Netherlands in March 2016 in his "Blue Bandit" to showcase the potential of
Anheuser-Busch InBev is selling its Australian subsidiary Carlton & United Breweries to Japan's Asahi for $16 billion to pay down debt.
Anheuser-Busch InBev, the world's largest brewer, is selling its Australian operations to Japan's Asahi for $11 billion and could revive the stalled flotation of its Asian business as it looks to cut debt. The Belgium-based brewer, weighed down with debt after its 2016 acquisition of rival SABMiller
The Australian share market has closed higher, as the big banks rallied and the price of gold rallied against the Aussie.