LONDON - The dollar rose to its highest in more than three months and U.S. Treasury yields rebounded from two-month lows on Wednesday, after a Federal Reserve official said the central bank was close to raising interest rates.
Recent Business News
LONDON - Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there's no inflation?
HONG KONG - Alibaba Group Holding Ltd is hoping a Canadian Olympic gold medallist once tipped to be the next chief executive of Goldman Sachs Group Inc will help them make it big in the United States.
- Walkie-talkie and radio systems maker Motorola Solutions Inc has received $1 billion in investment from private equity firm Silver Lake, the New York Times reported.
LONDON - Standard Chartered has cut 4,000 staff since the start of the year as part of its plan to streamline operations and cut costs, and said there could be further cuts.
FRANKFURT - The chief executive of German airline Lufthansa welcomed proposals by pilots to bring a long-running row over pay, retirement benefits and low cost expansion to an end but said talks would likely go on beyond the start of September.