Surging Swiss franc may have become a gold proxy, Goldman Sachs says
The Swiss franc, which has been in a steep incline against the dollar of late, may be…
Bank of Korea leaves rate unchanged as it weighs housing boom, past cuts
South Korea’s central bank kept its benchmark rate steady on Friday, as largely expected, as it assesses the…
Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push – sources
HONG KONG/BEIJING (Reuters) – Volkswagen AG (VOWG_p.DE) is set to take a 20% stake in Chinese…
Citi explains why there’s an ‘ultimate cap’ on oil prices
The cost of producing electricity from solar energy has in the last two years been lower than…
Google teams up with AirAsia to launch new tech academy
As digital disruption continues to weigh heavy on future job security, Southeast Asian airline AirAsia has teamed up Google to…
737 Max crisis: Boeing sees lowest orders in decades
Boeing has reported its worst annual orders in at least two decades – as it remains…
Flybe: Government strikes a deal to rescue troubled airline
The government has agreed a rescue plan for troubled regional airline Flybe. Read more at https://www.bbc.com/news/business-51113895
Tesla stock closes at an all-time high over $524
Tesla stock continued to rally on Monday, rising nearly 10% on the day and closing at an…
China’s yuan was already moving higher before the US said it’s no longer a currency manipulator
China’s yuan has been rising, and it’s at more than a five-month high, as the U.S.…
As Amazon.com flexes its muscle, Seattle moves to curb corporate political donations
SEATTLE (Reuters) – Seattle, the Pacific Northwest city where home-grown online retailer Amazon.com has increasingly flexed…
As businesses hold back, U.S. consumers seen boosting big banks’ profits
NEW YORK (Reuters) – Consumer lending is expected to propel profits for big U.S. banks when…
Asia’s crude supplies could be disrupted if Iraqi oil facilities are targeted
Investors are worried about possible attacks on oil facilities in Southern Iraq that could affect crude…