Finance

Shocks from deadly suicide bombings on Easter Day in Sri Lanka are reverberating throughout its economy in the worst crisis since the South Asian island nation’s civil war ended in 2009. The blasts that killed more than 250 people were blamed on Islamic extremists. They have devastated Sri Lanka’s vital tourism industry, source of jobs […]

Weaker home sales trends are expected to contribute to a sharp slowing in the home remodeling market. That’s the conclusion of a report by Harvard University’s Joint Center for Housing Studies. The quarterly report forecasts that spending by homeowners for renovations, expansions and repairs will drop to an annual growth rate of 0.4% by the

The Treasury Department said Monday it expects to borrow $433 billion in the current July-September quarter. That would be the largest quarterly borrowing total since early 2018, as the government replenishes its cash reserves following the expected resolution over raising the debt limit. Treasury said the $433 billion in borrowing it expects this quarter, through

Beyond Meat is in for a bumpy ride. The plant-based meat maker reported some good news Monday, raising its full-year revenue guidance after better-than-expected second quarter sales. But its shares slumped as it turned in a bigger loss than Wall Street forecast and announced a stock sale. In the April-June period, Beyond Meat reported a

European budget airline Ryanair is looking at flight cuts, slower growth and job losses if deliveries of Boeing 737 Max jets keep being delayed. The airline was supposed to get 58 Maxes by next summer, but it now expects 30 before the peak summer travel season, CEO Michael O’Leary said on an earnings conference call

Pfizer is spinning off a big chunk of the company, culminating a rare tear of major deals aimed at reshaping the drugmaker into a slimmed-down version with faster, more-sustainable growth. The biggest U.S.-based drugmaker announced the latest move on Monday — combining its Upjohn business, which sells off-patent former blockbuster drugs, with generic drugmaker Mylan

“China is looking to go back to the status quo before the trade war started, and to rewind the clock to before Huawei was put on the entity list” of companies that require special licenses to buy American goods, said Andy Mok, a trade specialist at the Center for China and Globalization in Beijing. “The

Asian shares were mostly lower Monday as investors watched for developments in the trade conflict between the U.S. and China, with talks set to continue this week. Japan’s benchmark Nikkei 225 edged 0.4% lower to 21,568.48, while Australia’s S&P/ASX 200 gained 0.5% to 6,828.10. South Korea’s Kospi lost 1.6% to 2,032.36, Hong Kong’s Hang Seng

A plan by Japan to expand restrictions on exports of sensitive materials to South Korea is likely to ripple across high-tech industries and deepen antagonisms between the East Asian neighbors. As of July 4, Japanese companies need case-by-case approvals to export to South Korea three materials used to make semiconductors and displays used in smartphones

Asian shares were mostly lower Monday as investors watched for developments in the trade conflict between the U.S. and China, with talks set to continue this week. Japan’s benchmark Nikkei 225 edged down 0.3% in early trading to 21,584.96. Australia’s S&P/ASX 200 gained 0.2% to 6,806.40. South Korea’s Kospi lost 1.4% to 2,037.47. Hong Kong’s