GM says pretax earnings took $1.1B hit from autoworkers strike, but says it can absorb costs of deal
General Motors says pretax earnings took a $1.1 billion hit this year from a six-week strike by autoworkers, but the company expects to absorb the costs of a new contract and is even raising its dividend
2023-11-29 19:57
Emirati-designated COP28 leader forcefully denies report UAE wanted to seek oil deals in summit
The Emirati president-designate for the upcoming United Nations COP28 climate talks has forcefully denied a report alleging his nation planned to use the summit to strike oil and gas deal, a day before the summit was due to being
2023-11-29 19:20
Walmart shifts to India from China for cheaper imports
By Richa Naidu and Siddharth Cavale LONDON/NEW YORK Walmart is importing more goods to the United States from
2023-11-29 19:17
The world economy will slow next year because of inflation, high rates and war, OECD says
The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates
2023-11-29 18:22
Sweden's economy shrinks in the third quarter to signal that a recession may have hit the country
Sweden’s economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country
2023-11-29 17:59
Dollar rises from three-month low; hawkish RBNZ boosts kiwi
By Harry Robertson and Rae Wee LONDON/SINGAPORE The U.S. dollar ticked up on Wednesday after falling to its
2023-11-29 17:29
Stock market today: Global shares trade mixed after Wall Street rallies
Global shares are trading mixed although a strong report on U.S. consumer confidence and hopes the Federal Reserve is finished with its aggressive interest rate hikes sent shares higher on Wall Street
2023-11-29 17:21
ECB Faces Battle Over Bank Payouts as Top Watchdog Enria Departs
Several bank regulators dissatisfied with the European Central Bank’s tough stance on shareholder payouts are getting ready to
2023-11-29 16:54
As global rates turn, banks in India and Indonesia set to win
By Ankur Banerjee SINGAPORE As Asia's banking sector navigates a peak in global interest rates and risks of
2023-11-29 16:47
New Zealand leader plans to ban cellphone use in schools and end tobacco controls in first 100 days
New Zealand’s new prime minister plans to ban cellphone use in schools and repeal tobacco controls in the agenda for his first three months in office
2023-11-29 14:45
Conservative attack on government regulation reaches the Supreme Court
The Supreme Court is hearing arguments in a challenge to the Securities and Exchange Commission’s ability to fight fraud, part of a broader attack on regulatory agencies led by conservative and business interests
2023-11-29 13:18
Michigan to join state-level effort to regulate AI political ads as federal legislation pends
Michigan Gov. Gretchen Whitmer is expected to sign legislation in the coming days aimed at curbing deceptive uses of artificial intelligence and manipulated media
2023-11-29 13:17