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SHANGHAI -- China's real estate slump is driving money into government bonds for lack of a better investment destination, pushing yields to record lows and spurring the People's Bank of China to hint that it could step in.
European stocks closed higher Wednesday, with investors in the region looking ahead to the next meeting of the European Central Bank (ECB).
Private job creation slowed more than expected in May, according to a report Wednesday from ADP that signals further sluggishness in the labor market.
NEW YORK (AP) — The arrest of an executive at The Epoch Times in a money-laundering scheme this week has drawn attention to a media outlet that has lived largely in the shadows since its founding in 2000 and a transformation during the Trump administration.
BANGKOK (AP) — A spokesperson for Myanmar’s military government denied accusations that army troops and their local allies killed 76 people when they entered a village last week in the western state of Rakhine, state-controlled media reported Wednesday.
SoftBank Group shares rose as much as 6.3% on Wednesday, after a report said that Elliott Management had rebuilt a substantial stake in the Japanese technology conglomerate and was pushing for stock repurchases.
Zara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts' expectations.
Intel wants to regain its position as the world's leading chipmaker, CEO Pat Gelsinger said, after being overtaken by rivals TSMC and Samsung in recent years.