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Economy News

July 15, 2020
Goldman 2Q profit tops forecast on strong trading revenue
Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped ...
July 15, 2020
NY Times to move some staff from Hong Kong, citing new law
The New York Times said Tuesday it will transfer some of its staff out of Hong Kong because of uncertainties about practicing ...
July 14, 2020
Spiking cost of gasoline pushes June consumer prices up 0.6%
U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting ...
July 14, 2020
Widow of ex-Korean Air boss convicted of assaulting workers
The widow of the former Korean Air chairman received a suspended prison sentence Tuesday for assault and other abuses of her ...
July 13, 2020
Chatham announces plan to buy newspaper publisher McClatchy
Hedge fund Chatham Asset Management plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family ...
July 12, 2020
Games maker Ubisoft shakes up staff amid misconduct probe
French gaming giant Ubisoft is parting ways with its creative director and two other executives and promising zero tolerance ...
July 12, 2020
Lawyers seek to halt Purdue Pharma political contributions
OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, ...
July 10, 2020
Mexican American man charged with hate crime in fatal crash
A Mexican American man from Wisconsin is charged with homicide as a hate crime because prosecutors say he intentionally ...
July 09, 2020
Ireland's Donohoe named head of eurozone finance group
Ireland's Paschal Donohoe was elected Thursday to head the powerful finance group of the 19 nations using Europe’s single ...
July 09, 2020
Nevada regulators OK company buying Caesars Entertainment
Reno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Caesars Entertainment ...
July 08, 2020
Hong Kong inaugurates Beijing's national security office
Beijing’s national security office was inaugurated in Hong Kong on Wednesday, just over a week after China's central ...
July 08, 2020
Civil rights groups denounce Facebook over hate speech
Facebook keeps telling critics that it is doing everything it can to rid its service of hate, abuse and misinformation.
July 08, 2020
Hong Kong grappling with future under national security law
Hong Kong’s leader Carrie Lam offered scant reassurance Tuesday over a new national security law that critics say undermines ...
July 07, 2020
Uber buys Postmates, ups delivery game in $2.65 billion deal
Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock ...
July 05, 2020
Death toll rises to 6 in Turkey fireworks factory explosion
The death toll from a massive explosion in a fireworks factory in Turkey has increased to six. The governor of Sakarya in ...
July 03, 2020
Reopening strategist Castex named new French prime minister
The new French prime minister appointed Friday said he feels ready to face the key challenge of reviving France's economy ...
July 03, 2020
Vatican watchdog sees record cooperation levels despite raid
The Vatican’s financial watchdog agency has reported record levels of internal cooperation despite being thrown into turmoil ...
July 02, 2020
Black worker files discrimination complaint against Facebook
A Black Facebook employee, joined by two others who were denied jobs at the social network, has filed a complaint against the ...
July 02, 2020
US long-term mortgage rates hit all-time low again
Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever.
July 02, 2020
China accuses India of targeting Chinese imports after clash
China accused India on Thursday of improperly disrupting activities by Chinese companies in the midst of tensions over a ...
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