Business

Stock options trading is up sharply this year, fueled by investor optimism for more gains on Wall Street.

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, the IMF spokesperson said.

Saudi Arabia's sovereign fund PIF is weighing a potential investment in the initial public offering of Chinese financial technology firm Ant Group, two sources familiar with the matter said.

Standard Chartered on Thursday announced a string of changes to its organisational structure, forming one large unit that will combine its retail, private and business banking divisions and putting its two Asian units together.

Oil prices slid on Thursday after data showed U.S. crude stockpiles unexpectedly rose last week, stoking concern about a sluggish recovery in fuel demand as coronavirus cases continue to surge in many countries.

Wall Street's main indexes ended higher on Wednesday to snap a threesession losing skid as investors jumped back in to take advantage of the pullback in technologyrelated stocks, a day after the Nasdaq confirmed correction territory.

Renault may have to cut more costs than initially planned to get out of the red zone and its cashflow projections are alarming, the French carmaker's new chief executive said in an internal memo seen by Reuters.

Germany's secondlargest steelmaker Salzgitter is not interested in an alliance with rival Thyssenkrupp, Chief Executive Heinz Joerg Fuhrmann told Reuters.

U.S. companies in China are increasingly fretful that trade tensions between the world's two biggest economies will drag out over years and nearly a third said their ability to retain staff had been affected, a survey showed.

Japan's Chief Cabinet Secretary Yoshihide Suga, a frontrunner to become next prime minister, said on Wednesday that strong economic growth is necessary to pursue fiscal reform.

China's factory gate prices fell at their slowest annual pace in five months in August as the world's secondlargest economy and its industries continued to recover from a slump caused by the coronavirus pandemic earlier this year.

U.S. President Donald Trump has directed the U.S. Environmental Protection Agency to deny dozens of refiner requests for retroactive waivers from the nation's biofuel laws amid concerns the divisive issue was costing him politically in the Farm Belt, acco...

A consortium led by insurer Arch Capital Group Ltd has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd, people familiar with the matter said on Tuesday.

Yogawear maker Lululemon Athletica Inc said on Tuesday it was "cautiously optimistic" about the holiday season and forecast currentquarter adjusted profit to fall as much as 20% due to higher marketing expenses.

Uber is offering incentives to drivers to transition to cleaner vehicles while acknowledging that emissions from its rides have risen in recent years.

General Motors Co Chief Executive Mary Barra has reeled off two significant deals in the past week in response to investor concerns the No. 1 U.S. automaker is stuck in neutral while Tesla Inc and other electric vehicle makers are leaving legacy automaker...