WASHINGTON: A group of 18 state attorneys general said yesterday they backed Montana’s effort to ban Chinese-owned short video app TikTok, urging a US judge to reject legal challenges ahead of the January 1 effective date. The state attorneys general led by Virginia and including Georgia, Alaska, Utah, Indiana, Nebraska, […]
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ZURICH: Did banking giant UBS make the deal of the century when it bought one of the world’s biggest banks for a pittance as it teetered on the edge of the abyss? Switzerland’s largest bank was in March strong-armed by Swiss authorities into a US$3.25 billion takeover of Credit Suisse, […]
KUALA LUMPUR : Malaysia said on Tuesday it is considering regulations that will make internet giants Alphabet Inc’s Google and Facebook parent Meta Platforms compensate news outlets for content sourced from them. Malaysia is in discussions with Google, Meta and other major online platforms over the regulatory framework, the Malaysian […]
NEW DELHI: Oil prices edged higher on Monday, supported by expectations that major producers will supplies tight, and growing hopes that the Federal Reserve will leave interest unchanged to avoid dampening the U.S. economy. Brent crude November futures was up 3 cents at $88.58 a barrel at 0333 GMT. U.S. […]
SHANGHAI : China’s securities regulator approved the launch of 37 retail funds over the weekend, part of government efforts to revive a stock market struggling for lift-off in an ailing economy. The move comes on top of a slew of measures to shore up the market, including a stamp duty […]
PANAMA CITY: The drought-hit Panama Canal will maintain restrictions on the passage of ships for one year, a measure that has already led to a marine traffic jam as boats line up to enter the waterway linking two oceans. The canal is facing a shortage of rainwater needed to transfer […]
TOKYO : The U.S. dollar held close to a 10-week peak versus a basket of major peers, and near its highest since November against the yen, as Treasury yields rose made fresh post-financial crisis highs on Tuesday amid speculation U.S. rates will be stay high for longer. China’s central bank […]
America’s mom and pop bitcoin buffs have a shiny new derivatives playground that cryptocurrency analysts hope will fire up a moribund market. Their new platform is cryptocurrency exchange Coinbase Global, which on Aug. 16 became the first crypto-focused firm to win approval to offer cryptocurrency futures to U.S. retail customers. […]
TOKYO : The dollar headed for a fifth winning week versus major peers, the longest streak for 15 months, as a resilient U.S. economy argued for high rates for longer while China’s floundering recovery spurred demand for the safety of the U.S. currency. On Friday, however, the dollar trimmed some […]
Tesla has introduced two cheaper versions of its Model S sedan and Model X SUV in the U.S. with shorter driving ranges, the automaker’s website showed on Monday, continuing its focus on driving down costs to prioritize sales growth. The new S and X “standard range” models are priced at […]