Public investments in Trump-operated hotel set dangerous precedent: U.S. senators U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two Democratic U.S. senators. Reuters exclusively reported on April […]
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Business
Asian factories get off to solid start in second quarter Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics. Though China's manufacturing growth eased more than expected […]
Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms India-based IT services firm Infosys Ltd (INFY.NS) said it plans to hire 10,000 U.S. workers in the next two years and open four technology centers in the United States, starting with a center this August in Indiana, the […]
Trump administration set to replace top banking regulator Thomas Curry: WSJ The Trump administration plans to replace Comptroller of the Currency Thomas Curry as chief overseer of federally chartered banks, the Wall Street Journal reported on Monday. The change, which could happen as soon as this week, could lead to […]
Fed set to leave interest rates unchanged, may hint at June hike The U.S. Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June. The central […]
Strong earnings power global shares higher Stocks rose in Europe and Asia on Tuesday after technology industry shares hit record highs on Wall Street and investors focused on strong corporate earnings while shrugging off weaker-than-expected Chinese factory activity data. European stock markets opened higher after the May 1 holiday, reflecting […]
Asian equities edge up as Japan outperforms, dollar regains traction Asian stocks shook off a sluggish start and edged up on Monday, with Japan outperforming on upbeat earnings, while the dollar regained traction as the U.S. government looked likely to avoid a shutdown. MSCI's broadest index of Asia-Pacific shares outside […]
Japan final April PMI shows manufacturing activity accelerating, export orders solid Japanese manufacturing activity expanded at a stronger pace in April than the previous month as export orders increased, a revised survey showed on Monday, suggesting firms' output remains on track to rise thanks to overseas demand. The Final Markit/Nikkei […]
UPS air maintenance workers threaten strike ahead of shareholders meeting A union representing 1,200 U.S. air maintenance workers at United Parcel Service Inc (UPS.N) turned up pressure on the company on Sunday to settle a three-year contract dispute, saying it would seek clearance to strike. The union is taking its […]
U.S. to probe Japanese, German automakers over alleged patent violations The United States will begin an investigation into whether thermoplastic components used in some Japanese and German vehicle models sold in the country violate its patent laws, trade authorities said late last week. The U.S. International Trade Commission (USITC) on […]
