UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
The weakness in the Mexican peso looks like it will continue in 2017 as traders come to grips with potential changes in U.S. trade policy.
"The market is increasingly convinced Donald Trump wasn't kidding around about tackling Mexico and production in Mexico," said Adam Button, currency analyst at ForexLive.com.
The peso fell for a second straight day Wednesday to record lows against the U.S. dollar as traders worried about the negative impact of President-elect Donald Trump's policies on the Mexican economy.
"The key driver for the last two days is the news that Ford would not be investing in Mexico and there's concern GM" may not either, said Thierry Albert Wizman, global interest rates and currencies strategist at Macquarie.
"People were looking for investment in Mexico to be stronger this year, and now a lot of foreign direct investment can be taken away from Mexico without any legal" action," Wizman said.
The peso briefly traded more than 2 percent weaker against the U.S. dollar on Wednesday, hitting 21.619 and breaking past a previous record of 21.3952 set on Nov. 11, three days after the election. The move extended Tuesday's roughly 2 percent drop in the peso.