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US interest rates likely to stay high 'for some time': Fed minutes

US Federal Reserve officials expect interest rates will need to remain high "for some time" to tackle stubborn inflation, according to minutes of the...

Panama says its canal produced record revenue despite drought

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that...

Higher costs dent Nike profits

Nike reported a drop in quarterly profits Thursday despite higher sales due to the drag from increased costs and the liquidation of unwanted merchandise.The...

Asian markets swing as traders track events in Russia

Asian markets fluctuated Monday as traders kept an eye on Russia following an aborted mutiny at the weekend that stoked concerns about stability in...

BP back in Q1 profit after record loss on Russia exit

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier...

Baijiu 'godfather' launches year's largest IPO in Hong Kong

China's "godfather of baijiu" launched Hong Kong's largest IPO of the year on Thursday, with the holding company for four of his liquor brands...

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