BUSINESS

Meta Platforms Inc on Wednesday compared searches by EU antitrust regulators to a fishing super trawler as watchdogs investigate the owner of Facebook's data and online marketplace.

Shanghai euphoria tempered by deep wound to China's economy

Plunging casino revenues in Macau, the world's largest gambling hub, are taking a heavy toll on the wider economy, forcing hundreds of businesses to close down and pushing unemployment to its highest level since 2009.

Pfizer plans to exit its 32% stake in Haleon, a consumer health joint venture with British drugmaker GSK, after the business lists as an independent company in July, GSK said on Wednesday.

Pfizer plans to sell its 32% stake in Haleon, its consumer health venture with British drugmaker GSK, after the business lists as an independent company in July, GSK said on Wednesday.

The chief executive of top German asset manager DWS will step down next week, he said on Wednesday, a day after raids by prosecutors over allegations that the company misled investors about "green" investments.

Cyprus takes risky bet on casinos

A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in profits in one of the few areas of the stock market that has thrived this year.

Billionaire activist investor Nelson Peltz didn't have to wage an all-out proxy war this time - Unilever welcomed him onto its board with little apparent fuss.

The Bank of Canada on Wednesday went ahead with a second consecutive half percentage point interest rate hike, as expected, and said it was prepared to act "more forcefully if needed" to bring inflation back to target.

Proposed EU legislation targeting foreign state-backed buyers of European companies prompted by fears of a Chinese buying spree may be impossible to comply with in practice, the American Chamber of Commerce and peer groups for Indian and Japanese businesses said on Wednesday.

Mother-of-two Yang Zengdong, 40, is ready to take her family for a long-awaited outing to mark Shanghai's grand re-opening from COVID-19 lockdown on Wednesday.

The U.S. dollar rose against the euro on Wednesday, helped by upbeat U.S.

The euro edged further away from a one-month high on Wednesday and the U.S. dollar nudged up, lifted by higher Treasury yields as global inflation worries flared anew.

Global stocks mostly fall on inflation worries as dollar gains

Stocks steadied in Asia on Wednesday as Shanghai emerged blinking from two months of lockdown and a dip in oil prices dangled the prospect of a respite from rising energy prices, but nerves about inflation kept investors and bond markets on edge.

Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.

Oil prices strengthened on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market.

Oil prices inched higher on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.

Oil prices rose on Wednesday after European Union leaders agreed to a phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market.

China's army of metal processors and traders has flipped from buyers to sellers amid a sharp downshift in economic activity in the world's top manufacturer, heralding a potential warning sign for steel, aluminium and other key industrial commodities.

Texas law against blocking online posts on hold for now

11 dead, over 30 missing after Hurricane Agatha hits Mexico: officials

U.S. Treasury Secretary Janet Yellen said taming price hikes is President Joe Biden's top priority and he supports the Federal Reserve's actions to achieve that.

The U.S. Federal Aviation Administration (FAA) will grant a shorter regulatory compliance program extension to Boeing than the planemaker sought, so it can ensure the company implements "required improvements," the agency said on Tuesday.

Workers recall rape, beatings at VW Brazil unit: prosecutor

Dealmakers at Simpson Thacher & Bartlett are riding high.

As of 2021, 64% of households found themselves in this category.

K-pop supergroup BTS 'devastated' by US hate crimes