Topic: Wall Street Journal
General Motors auto workers call strike in US
DETROIT, Sept 16 — The United Auto Workers union called a nationwide strike against General Motors yesterday, with some 46,000 members set to walk off the job beginning at midnight amid an impasse i...
US stocks jump on China trade talks announcement
NEW YORK, Sept 5 — Wall Street stocks jumped early today on news that the United States and China would resume high-level trade talks in October, mitigating fears of further escalation in the trade ...
Huawei denies US allegations of technology theft
BEIJING, Sept 4 — Beleaguered Chinese telecom giant Huawei yesterday denied accusations reported in the Wall Street Journal that it stole technology from a Portuguese inventor, accusing him of “ta...
Report: Saudi Aramco eyes Tokyo for two-stage IPO
RIYADH, Aug 29 — Saudi oil giant Aramco is considering a two-stage initial public offering (IPO) with a domestic debut and a subsequent international listing possibly in Tokyo, the Wall Street Journ...
Rewcastle-Brown not probed by MACC over article, court told
KUALA LUMPUR: Malaysian Anti-Corruption Commission never interrogated Sarawak Report editor Claire Rewcastle-Brown over an article titled “Najib Razak’s Personal Accounts Linked To 1MDB Money Trail Malaysia Exclusive”, the High Court heard.
Markets are questioning central bank relevance
European Central Bank governing council member Olli Rehn told the Wall Street Journal on Thursday that policy makers should come up with an “impactful and significant” stimulus package at their next monetary policy meeting in September. Normally such a pronouncement would spark animal spirits, sending riskier assets flying higher and causing government bonds to crater on the prospect for faster growth and inflation.
GE shares plunge after fraud accusation
NEW YORK, Aug 16 — General Electric shares plunged yesterday after an accounting expert accused the company of fraud, an allegation the industrial giant strongly denied and said was tainted by the a...
Verizon sells Tumblr to company that owns WordPress
Verizon announced a deal to sell Tumblr – the blogging site Yahoo acquired for US$1.1bil (RM4.61bil) six years ago – to Automattic, the company that owns and operates online-publishing site WordPress.com.
WeWork is looking to go public in September
SAN FRANCISCO: WeWork Cos. is looking to go public in September, people familiar with the company’s plans said, in what’s expected to be the second-biggest initial public offering of the year.
Most Asean stocks drop on signals of smaller US rate cut
BENGALURU: Most Southeast Asian stock markets started the week on the backfoot with Philippines leading the declines, as investors pulled money out of risky assets due to reduced odds of a double-barrelled U.S. interest rate cut later this month.
Asia stocks dip on likely smaller Fed rate cut, oil gains
TOKYO: Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices.
Wall St falls as Fed signals smaller rate cut
NEW YORK: Wall Street's main indexes fell on Friday following a report that the Federal Reserve plans to cut interest rates by only a quarter-percentage point at the end of the month.
ECB report eases earnings pain for European stocks
LONDON, July 19 ― European stocks ended lower yesterday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from ...
YouTube can’t stay out of trouble. Here’s how that could change
We’re more than halfway through with 2019, meaning tech giants have had ample time this year to show us how much they’ve furthered – or stagnated on – efforts to rid unsavoury content from their platforms. And like other years, there are platforms that have found themselves in hot water on brand safety issues more so than others.
High-stakes G20 opens with trade tensions looming
OSAKA, June 28 — World leaders gathered in Japan today for one of the most high-stakes and fractious G20 meetings in years, with a bruising US-China trade war, geopolitical tensions, and climate cha...
Stocks gain on US-China trade hopes, dollar flat
NEW YORK, June 28 — Global equity markets gained and the dollar held steady on Thursday ahead of the G20 summit where a scheduled meeting of US President Donald Trump and Chinese President Xi Jinpin...
S&P 500 rises on investor optimism ahead of G20 summit
NEW YORK: The S&P 500 and the Nasdaq closed higher in a broad-based rally on Thursday as investors looked to the G20 summit in Osaka, Japan this weekend for progress in the long-running U.S.-China trade dispute, which has whipsawed markets for months.