Business

A businessman shelters from the rain beneath an umbrella as he walks in near the Bank of Central London, August 9, 2017. AFP/Tolga Akmen NEW YORK: European and Asian equity markets were mostly lower Friday on the back of simmering

NEW YORK: Bond investors on Friday gave a $1.8 billion boost to Tesla Inc’s balance sheet by snapping up the electric car maker’s first foray into the US junk bond market, where yield-hungry investors have raced to lock in relatively

People walk by New York Stock Exchange (NYSE) in the financial district in New York, US, August 10, 2017. REUTERS/Eduardo Munoz NEW YORK: US stocks ended higher on Friday, snapping three days of losses, as investors bet on a slower

The New York Stock Exchange (NYSE), New York City, US, August 2, 2017. REUTERS/Carlo-Allegri NEW YORK: Wall Street stocks posted their biggest declines in nearly three months late Thursday as US President Donald Trump doubled down on his warnings to

Danish toy maker Lego, known for its iconic coloured plastic bricks, said Thursday it had appointed a new chief executive, replacing Briton Bali Padda who held the job for just eight months. Niels Christiansen, 51, most recently the head of

The world’s stock markets slid again Thursday with investors seeking safe havens as President Donald Trump doubled down on his warnings to North Korea over its nuclear program. Trump, whose threat this week to bring “fire and fury” was dismissed

The dollar set an eight-week low against the yen on Friday as escalating tensions between the United States and North Korea triggered yet more investor flight to safety. The dollar slipped to as low as 109.11 yen JPY= in early

Snap Inc Chief Executive Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations. Shares of

Nvidia Corp reported a 56 percent jump in quarterly revenue on Thursday, helped by strong demand for its chips used in data centers and gaming devices such as Nintendo Co Ltd’s Switch. The company’s net income more-than-doubled to $583 million,

Co-creator of the Android mobile operating system Andy Rubin via 9to5Google SAN FRANCISCO: Essential Products, the smartphone startup founded by a co-creator of the Android mobile operating system, has raised $300 million in new funding and signed up retailers to