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Updated: 5 min 55 sec ago

Strong stock and bond markets at odds over global growth

8 hours 58 min ago
It looks like something has to give in global markets.

Financial market 'pause party' makes Fed rate cut less likely

10 hours 15 min ago
Risk-taking has been the rage since the Federal Reserve quit hiking interest rates at the end of last year. U.S. stocks are back near record highs and investors are stockpiling the lowest-grade corporate bonds with only a smidgen of extra compensation for the added risk.

Hundreds sign online petition supporting woman suing CEO in rape case

Sat, 04/20/2019 - 1:58am
Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China's e-commerce retailer Inc.

U.S. intelligence says Huawei funded by Chinese state security: report

Sat, 04/20/2019 - 12:34am
U.S. intelligence has accused Huawei Technologies of being funded by Chinese state security, The Times said on Saturday, adding to the list of allegations faced by the Chinese technology company in the West.

Tesla to shrink board to seven directors from 11

Fri, 04/19/2019 - 7:52pm
Tesla Inc said on Friday that four members of its eleven-member board would be leaving over the next two years, as the electric car company looks to streamline its board.

Exclusive: Tereos still searching for wider funding - sources

Fri, 04/19/2019 - 7:49pm
(Corrects headline and paragraph 1 to make clear that syndication process is ongoing, to make clear in paragraph 5 that no offers finalized by April 15, to clarify sourcing throughout)

Boeing 737 MAX joint governmental review will begin April 29: FAA

Fri, 04/19/2019 - 5:10pm
The U.S. Federal Aviation Administration said Friday that a joint governmental review of the now grounded Boeing 737 MAX will begin on April 29 and will include 9 other aviation regulators from around the world.

Venezuela congress to weigh 2020 PDVSA bond payment next week

Fri, 04/19/2019 - 12:27pm
Venezuela's opposition-controlled National Assembly expects to vote on making a $71 million bond interest payment when it meets next week, a lawmaker and a member of state-run oil company PDVSA's ad-hoc board of directors said.

Will the Benettons use Alitalia to fly in from the cold?

Fri, 04/19/2019 - 12:05pm
Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favor with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.

SEC fines Prosper Funding $3 million for overstating net returns to investors

Fri, 04/19/2019 - 11:31am
The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns to retail and other investors.

U.S. homebuilding near two-year low; permits extend decline

Fri, 04/19/2019 - 11:29am
U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family unit segment, suggesting the housing market continued to struggle despite falling mortgage rates.

U.S. housing starts approach two-year low; permits weak

Fri, 04/19/2019 - 9:09am
U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite declining mortgage rates.

Fiat Chrysler recalls 320,000 Dart cars that could roll away

Fri, 04/19/2019 - 8:40am
Fiat Chrysler Automobiles NV said Friday it is recalling more than 320,000 Dodge Dart compact cars in North America that could roll away because of a defective part that could allow the

U.S. housing starts fall to near to two-year low; permits weak

Fri, 04/19/2019 - 8:35am
U.S. homebuilding dropped to a near two-year low in March, pulled down by persistent weakness in the single-family housing segment, suggesting the housing market continued to struggle despite declining mortgage rates.

China will keep supporting economy as 'pressure' lingers: politburo

Fri, 04/19/2019 - 7:23am
China will maintain policy support for the economy, which still faces "downward pressure" and difficulties after better-than-expected first quarter growth, a top decision-making body of the Communist Party said on Friday.

Return of the bench seat: Concept EVs show space big enough for sofas

Fri, 04/19/2019 - 6:22am
Electric vehicle (EV) concepts shown in Shanghai this week, such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats.

U.S. refiners planning major plant overhauls in second quarter

Fri, 04/19/2019 - 6:18am
U.S. oil refiners are planning a heavy slate of plant overhauls in the second quarter, with total production this month off 8.5 percent compared with the start of the year, according to data from the U.S. Energy Information Administration.

Carlos Ghosn to be indicted on additional charge as early as Monday: NHK

Fri, 04/19/2019 - 4:55am
Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on an additional charge of aggravated breach of trust as early as Monday when his current detention period expires, public broadcaster NHK reported on Friday.

Foxconn says it remains committed to Wisconsin investment project

Fri, 04/19/2019 - 4:11am
Taiwan's Foxconn said on Friday it remains committed to its contract to build a display plant and tech research facilities in Wisconsin, days after the U.S. state's governor said he wanted to renegotiate the deal.

Nissan slams output cut report as 'completely incorrect'

Fri, 04/19/2019 - 3:23am
Nissan Motor Co Ltd said on Friday a report by the Nikkei that it would slash production this year was "completely incorrect" and that it had lodged a complaint with the business daily, in an unusually strong denial of a media report in Japan.