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Budget, debt: Trump's Treasury chief faces urgent challenges

President-elect Donald Trump's new Treasury chief needs to hit the ground running once he takes office, tasked with rolling out his boss's economic vision...
Business

Investors seek 750 mn euros in damages over Wirecard collapse

A lawsuit by Wirecard investors claiming 750 million euros ($780 million) in compensation over the German payment company's collapse in a 2020 fraud scandal...
Business

Most Asian markets track Wall St gains, bitcoin closes on $100,000

Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the...
Business

Top US securities regulator to exit, clearing way for Trump pick

The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January...
Business

S.Africa central bank cuts interest rate to 7.75 percent

South Africa's central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.75 percent, adopting caution amid mixed data and...
Business

Gautam Adani: Billionaire Indian tycoon facing US bribery charges

Billionaire Indian industrialist Gautam Adani, whose business empire has been rocked by US bribery charges against him, is one of the corporate world's great...
Business

Archegos founder jailed for 18 years for massive fraud: US media

The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the...
Business

Awaiting Trump, US auto execs further temper EV push

US auto giants signaled Wednesday they could further slow the ramp-up of electric vehicle production as Detroit awaits the arrival of a Trump administration...
Business

Japan ramps up tech ambitions with $65 bn for AI, chips

Japan is readying a $65-billion push in microchips and artificial intelligence aimed at reclaiming its status as a global tech leader and meeting the...
Business

Trump names China hawk Howard Lutnick as US commerce secretary

US President-elect Donald Trump nominated Howard Lutnick, the co-chair of his transition team, as his commerce secretary on Tuesday -- a choice set to...
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