Wirecard to handle card payments for ALDI supermarket chains

Wirecard, the German payments company, said on Friday it had signed an agreement with supermarket chains ALDI Nord and ALDI Sued to process card...

BMW picks ‘decisive’ new CEO to catch up with rivals

BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge...

South Korea Producer Price Inflation Slows In June

South Korea's producer price inflation slowed in June, data from Bank of Korea showed on Friday.

First Ever U.S. Cannabis Café To Open In West Hollywood

The City of West Hollywood has approved the first-of-its-kind cannabis café within its city limits. This will be the first cannabis café in the U.S.

GM’s mid-engine Corvettes roar onstage to take on Europeans

General Motors Co (GM.N) unveiled on Thursday its newly designed mid-engine 2020 Corvette in a splashy tribute to its emblematic sports car, even as...

Trump Administration, Congress Have Agreed on 'Top-Line' Spending Levels, Mnuchin Says — 2nd Update

Mr. Mnuchin's comments came a day after a senior administration official sought to play down expectations for a speedy...

China’s Rising Household Debt Likely To Weigh On Growth: Fitch

Chinese households' rising debt servicing costs could weigh on the medium-term economic growth, Fitch Ratings said in a report released Friday.

Asia stocks firm as Fed props up rate cut expectations

Asian stocks advanced on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite...

Exclusive: IEA revising oil demand growth forecast down on slowing economy

The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its...

U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks

U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S....

Sensex, Nifty Seen Opening Up On Dovish Fed Policy Expectations

Indian shares may open higher on Friday after steep losses in the previous session. While an overnight plunge in oil prices may help prop up sentiment at open, higher levels may attract profit booking as gulf tensions rise. Earnings concerns and foreign fund outflows may also weigh on markets ahead of the weekend.

BMW, Tencent to open computing center in China for self-driving cars

German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing center in China that will help develop...

Additional Support Predicted For Indonesia Shares

The Indonesia stock market on Thursday snapped the two-day slide in which it had fallen almost 25 points or 0.4 percent. The Jakarta Composite Index now rests just above the 6,400-point plateau and it may extend its gains on Friday.

Budweiser Brewer Explores Asset Sales After Calling Off Asia IPO — Update

Private-equity firm KKR & Co. approached AB InBev in May about buying some of the Asian assets, some of...

Financial News from Agencies

Microsoft's Cloud Business Drives Record Sales–Up…

Microsoft Corp. said strength in its cloud-computing business drove record revenue in the latest quarter, extending the strong performance...

Honeywell Discloses Foreign Bribery Probes

Honeywell International Inc. said Thursday it is cooperating with bribery investigations by U.S. and Brazilian authorities. ...

U.S. Imposes New Iran Sanctions — update

WASHINGTON -- The Trump administration blacklisted several companies and individuals it said helped Iran procure materials for the country's...

Trump Administration, Congress Have Agreed on ‘Top-Line’ Spending Levels, Mnuchin Says — 2nd Update

WASHINGTON -- Congress and the Trump administration have agreed on overall spending levels and raising the U.S. government's borrowing...

Hot Weather, Heavy Rain Prompt Minor Outages in Ne…

Pockets of New York City suffered through the heat without any power Thursday, just days after a massive blackout...