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Economy News

Yip Wing-keung

October 21, 2017

End of an era as Hong Kong stock trading floor set to close

Hong Kong's last remaining stock market floor traders are taking their final orders as the exchange prepares to shut its ...

October 21, 2017

No distress call after fishing boat with foreign crew wrecks

A boat that ran aground off Honolulu while transporting foreign fishermen to work in Hawaii's commercial fishing industry has ...

October 20, 2017

At GE, a new urgency to return to industrial roots

General Electric's new CEO is starting to lay out bold plans to return the conglomerate to its industrial roots by slashing ...

October 20, 2017

Power to the people: 2 Italy regions to hold autonomy votes

It is greater autonomy __ not independence __ that two of Italy's wealthiest regions are seeking in a pair of referendums ...

October 20, 2017

Hurricane Irma cost Florida 127K jobs, but most will return

Employers cut jobs in six U.S. states last month, particularly in hurricane-hit Florida, while hiring increased in five and ...

October 20, 2017

US home sales ticked up in September as Houston recovers

U.S. home sales rose slightly last month as the Houston housing market quickly recovered from Hurricane Harvey. Still, a ...

October 20, 2017

Hurricanes, earthquakes estimated to cost insurers $95B

Hurricanes Harvey, Irma and Maria, as well as two recent earthquakes in Mexico likely cost the insurance industry about $95 ...

Hiroya Kawasaki

October 20, 2017

Japan standards inspectors search Kobe Steel over faked data

Japan's industrial standards agency searched offices of metals maker Kobe Steel on Friday as investigations into falsified ...

October 20, 2017

Toyota, Honda confirm safety of some Kobe Steel products

Japanese automakers have confirmed use of Kobe Steel products affected by fake inspection data, but say they have found no ...

October 20, 2017

Workers at iPhone supplier in China protest unpaid bonuses

Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier's factory in eastern ...

October 20, 2017

California won't make its attorney licensing exam easier

Becoming a lawyer in California isn't going to get easier after the state Supreme Court decided not to lower the minimum ...

United Airlines, United Continental

October 20, 2017

Shares of United Airlines tumble after 3Q financial report

Shares of United Airlines dropped more than 12 percent on Thursday — their biggest one-day percentage decline in eight years ...

October 19, 2017

Stitch Fix, an online styling service, files to go public

Stitch Fix, an online clothing styling service, has filed to go public. The company is one of several that ships shoppers ...

October 19, 2017

Google parent leads $1B Lyft investment, deepening Uber rift

Google's parent company is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market ...

October 19, 2017

Spain set to strip Catalonia of powers over independence bid

The crisis over Catalonia's quest for independence escalated Thursday, as Spain's central government prepared the ...

October 19, 2017

The Latest: EU chief: No role for EU in Catalonia dispute

The Latest on the Spain-Catalonia political crisis (all times local): 8:40 p.m. European Council President Donald Tusk is ...

October 19, 2017

UK probes alleged money laundering link to South Africa

U.K. authorities are investigating allegations that British banks inadvertently acted as conduits for money laundering linked ...

October 19, 2017

Global stock markets slip as China's growth slows

Global stocks mostly fell Thursday after data showed that China's economic growth slowed slightly and tensions rose over the ...

October 19, 2017

British retail sales slip amid household income squeeze

Official figures show that retail sales in Britain fell by a bigger than anticipated 0.8 percent in September, a drop that ...

October 19, 2017

Asian markets mixed as data shows China growth slowed

Asian markets were mixed on Thursday after Wall Street closed at record highs. Data showed that China's quarterly growth ...

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