Finance

Malaysia’s central bank cut interest rates Tuesday for the first time in nearly three years to help support growth and counter risks from a global slowdown, trade tensions and extended weakness in commodity prices. Bank Negara Malaysia says it decided to reduce its overnight policy rate, used by banks to calculate interest rates, to 3% […]

By threatening to raise taxes on Chinese imports, President Donald Trump is throwing down a challenge to Beijing: agree to sweeping changes in China’s government-dominated economic model — or suffer the consequences. The unexpected ultimatum, delivered via tweets on Sunday and Monday, shook up financial markets that were convinced the world’s two biggest economies were

PURI, India, May 5 (Reuters) – Hundreds of thousands of people were left homeless after a cyclone packing winds of about 200 km per hour slammed into eastern India, ripping out tin roofs and destroying power and telecom lines, officials said on Sunday. At least 33 people were killed after cyclone Fani struck the state

President Donald Trump raised pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods in a tweet that sent financial markets swooning. Trump’s comments, delivered on Twitter, came as a Chinese delegation was scheduled to resume talks in Washington on Wednesday aimed at resolving a trade war that has

WASHINGTON, May 5 (Reuters) – U.S. President Donald Trump on Sunday dramatically increased pressure on China to reach a long-sought trade deal by announcing he will markedly increase U.S. tariffs on certain Chinese goods. Trump had previously delayed the tariff increases earlier in the year, citing productive talks with China. Sunday’s announcement casts into doubt

Denise Zheng is vice president at the Business Roundtable, an association of CEOs of major U.S. companies, where she oversees the technology and internet innovation committee. Her previous background includes work as a technical adviser for the Plan X cyber warfare program at the U.S. Defense Advanced Research Projects Agency, known as DARPA. The Q&A

Labor force participation rate: The percentage of the population 16 years and older that is either working or actively seeking work. The figure is important because it represents how many more workers are available to produce additional goods and services. It also reflects the health of the economy. When people in their prime working years

Tens of thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warren Buffett and celebrate the company he built through acquisitions and investments. But with the 88-year-old Buffett and 95-year-old Charlie Munger leading the company, it’s hard for shareholders not to wonder how much longer the revered investors will be in

PALO ALTO, Calif. — Federal Reserve officials are walking a narrow line, trying to convince the public that they’re committed to coaxing prices and wages higher without inspiring investors to expect interest rate cuts. The central bank aims for 2 percent inflation, a level that’s low enough for consumer comfort but high enough to guard

The Latest on Berkshire Hathaway’s annual shareholders meeting where CEO Warren Buffett and Vice Chairman Charlie Munger answer questions for hours (all times local): 2:40 p.m. Billionaire Warren Buffett says he doesn’t think people should worry about the jobs that will be lost to automation in the years ahead. Buffett made his comments during Berkshire