A federal judge in New York ordered Argentina on Monday to sell its majority stake in oil firm YPF, the latest blow to Buenos Aires in a decade-long international legal saga. To partially satisfy the outstanding sum, Preska on Monday ordered Argentina to transfer its 51 percent stake of YPF to an intermediary, with instructions that the shares then be handed over to the plaintiffs.
Shares in Dutch brewer Heineken fizzed at the market open on Wednesday, as traders cheered better-than-expected beer sales despite a slight dip in overall turnover. Heineken sales figures overall registered a slight dip last year, mainly due to currency fluctuations.
An Elon Musk aide was mistakenly given clearance to make changes to the US Treasury Department's highly sensitive payments system containing millions of Americans' personal information, a department official said Tuesday.
The unfathomable scale of the world's largest religious festival in India overshadows many nations in size -- and for the economy, its impact is just as dramatic. They are staggering statistics even for the world's most populous nation of 1.4 billion people.
Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank "did not need to be in a hurry" to cut interest rates again.
US President Donald Trump has threatened to open new fronts in his tariffs war by announcing reciprocal levies on other countries as soon as Tuesday, branding this "the only fair way" to trade. And on Sunday, he said he would make a detailed announcement on the tariffs on Tuesday or Wednesday, adding that "every country will be reciprocal."
The feud between Elon Musk and Sam Altman has become one of the bitterest rivalries in business history, with the Tesla tycoon bidding to buy Altman's OpenAI in an apparent attempt to derail the ChatGPT maker's ascent to becoming one of the world's most important companies.
The US Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday.
The Trump administration's tariff threats and animosity towards electronic vehicles are producing a "lot of cost and a lot of chaos" for Ford, the automaker's chief executive said Tuesday. But "so far what we're seeing is a lot of cost and a lot of chaos," he said.
Federal Reserve Chair Jerome Powell said Tuesday that the US central bank was in no hurry to adjust its interest rate-cut policy, as the country's economy maintains resilient growth and a relatively strong labor market.
Economy
Load more