The euro zone economy is likely contract this quarter and won’t return to growth anytime soon, a survey showed, as the dampening effect of central banks’ long campaign of interest rates rises becomes clearer.
The U.S. Commerce Department on Friday is issuing final rules to prevent semiconductor manufacturing subsidies from being used by China and other countries deemed to pose American national security concerns.
U.S. auto safety regulators said on Friday they are investigating about 240,000 of 2018-2021 Ford EcoSport vehicles after consumer complaints alleging oil pump failure.
McDonald’s is raising royalty fees for new U.S. franchise operators for the first time in nearly three decades, CNBC reported on Friday, citing a message from the burger giant’s U.S. President Joe Erlinger.
Quadria Capital is looking to raise up to $1 billion for its third and biggest fund as the Asian healthcare-focused private equity firm seeks to tap into the fast-growing sector in south and southeast Asia, its top executives said.
Rising wage costs and higher investment spending by Australian banks pose headwinds that could potentially impact the sector’s earnings by up to 10% in the near term, analysts at Macquarie said on Friday, downgrading their sector rating to “underweight”.
The Australian Federal Court has fined the country’s second-biggest lender National Australia Bank (NAB) NAB.AX a penalty of A$2.1 million ($1.4 million) for wrongfully charging customers periodic payment fees, the securities regulator said on Friday.
Japan’s core inflation was steady in August and stayed above the central bank’s 2% target for a 17th straight month, data showed on Friday, a sign of broadening price pressure that could heighten the case for an exit from ultra-easy monetary policy.
