Asia markets awash with red as rout spreads globally from Wall StAsian stocks plunged Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising US borrowing costs and take profits after months of market euph...
Bond bears smell blood, others claw for buying opportunityNEW YORK: Some of the biggest US investors believe the bond market has slipped into a bear phase. Others believe it has turned into one of the best buying opportunities in years. Pimco, one of the wor...
Toyota forecasts record net profit for full fiscal yearJapanese car giant Toyota on Tuesday revised its earnings forecast, saying it expected to see a record annual net profit thanks to a weaker yen and US tax cuts. Japan’s top carmaker expects to bank a...
German metalworkers win limited 28-hour week concessionAlmost one million employees with Germany’s powerful metalworking union IG Metall won higher pay and the right to a reduced working week in an agreement with employers late Monday, potentially staving...
Central banker takes stab at bitcoin ‘bubble’The head of the Bank of International Settlements, the central bank for central banks, on Tuesday lambasted bitcoin as a speculative bubble and said authorities need to be ready to protect public trus...
Boeing signs nearly $1 billion of services deals, eyes $50 billion targetSINGAPORE: Boeing’s services unit announced on Tuesday deals worth nearly $1 billion as part of its effort to more than triple the division’s annual revenue to $50 billion in as little as five years....
German industrial orders rebound in DecemberIndustrial orders in Germany rose strongly in December, data showed on Tuesday, underlining the strength of the recovery in Europe’s biggest economy, analysts said. After dipping in November, industri...