Business

President Donald Trump wants to deny China some of the proceeds from the sale of ByteDance's U.S. operations of its videosharing app TikTok, White House economic adviser Larry Kudlow said on Wednesday, but it would be unusual for any company that acquires...

Comparable store sales in the U.S. surged 35.1% at Lowe's and online orders more than doubled with Americans spending much more time at home during the pandemic.

The World Trade Organization said on Wednesday its goods trade barometer hit a record low of 84.5 points, suggesting global merchandise trade registered a historic fall in the second quarter of 2020.

The owner of skin care brand FANCL in Asia exJapan has hired Morgan Stanley to initiate a sale, targeting strategic and private equity investors for a deal that could fetch $1 billion, said people with knowledge of the matter.

Gold fell below $2,000 an ounce on Wednesday as the dollar steadied, with investors awaiting minutes from the U.S. Federal Reserve's last policy meeting.

Gold fell below $2,000 an ounce on Wednesday after rising sharply in the previous session as the dollar steadied, while investors awaited minutes from the U.S. Federal Reserve's last policy meeting.

China wants its army of momandpop investors to take corporate fraudsters to task with landmark class action lawsuits, but heavy government involvement means they are not likely to be as common as in other legal systems, lawyers and investors said.

The S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index's history.

Wall Street's main indexes were set to extend gains on Tuesday as strong results from major retailers underscored the strength of the U.S. consumer during the coronavirus pandemic.

Sweden's Debt Office has refused a state credit guarantee for Norwegian Air, it said on Tuesday, renewing liquidity concerns for the struggling airline amid the coronavirus crisis.

Housebuilder Persimmon posted a plunge in firsthalf profit on Tuesday after lockdown disrupted construction and home sales, but said it would reinstate its dividend after an "excellent start" to the second half of the year.

Gold prices extended gains on Tuesday to inch closer to the $2,000 mark as the dollar weakened, with traders also focusing on minutes from the U.S. Federal Reserve's last policy meeting set to release this week.

Baring Private Equity Asia and CITIC Capital have sold the China business of Wall Street English (WSE) at a deep discount in just over two years since acquiring it as the COVID19 pandemic crippled the global language tutoring group, sources told Reuters.

Uber Technologies Inc on Monday said it would continue operating its food delivery business Uber Eats even if its ridehail business is forced shut in California at the end of this week following a court order.

U.S. states claimed they are owed $2.2 trillion (1.68 trillion pounds) to address harm from OxyContin maker Purdue Pharma LP's alleged role in America's opioid epidemic, accusing the drugmaker in new filings of pushing prescription painkillers on doctors...

Technologyrelated shares were the top boosts to the S&P 500 and Nasdaq on Monday, bringing the benchmark index close to a record high as focus turned to earnings from big retailers later this week.