Business

S.Korea 20-day exports fall on holiday effects, slow global economy

South Korea’s exports fell 8.7% in the first 20 days of September from the same period a year earlier due to holiday effects and amid signs of slowing growth in major trading partners, customs agency data showed on Wednesday. The country’s imports for the same 20-day period rose 6.1%, producing a trade deficit of $4.1 […]

Business

EXCLUSIVE Probe into IDB chief backs allegation of relationship with staffer

An outside firm hired to investigate whistleblower allegations found evidence that Inter-American Development Bank President Mauricio Claver-Carone engaged in an intimate relationship with a staffer, three sources briefed on the probe told Reuters. The report also cited examples of abuse of power by Claver-Carone, including his dismissal of some bank employees that investigators believed were […]

Business

Analysis: Europe energy crisis may deepen with looming liquidity crunch

Europe’s problems in sourcing oil and gas this winter after a dispute with Russia may be exacerbated by a new crisis in the market where prices are already red-hot: a liquidity crunch that could send them spiralling higher still. But European governments have only belatedly rallied to offer financial support to power providers on the […]

Business

Nasdaq bets big on digital assets despite crypto turmoil

Nasdaq Inc (NDAQ.O) is placing a big bet on the cryptocurrency market, with the launch of a digital assets business that is aimed at tapping institutional investors. The new unit, Nasdaq Digital Assets, will offer custody services for cryptocurrencies, including bitcoin and ethereum, potentially pitting it against firms such as Coinbase (COIN.O), Fidelity Digital Assets […]

Business

GM backs setting tough U.S. emissions targets for 2030

General Motors Co (GM.N) said on Tuesday it backed establishing tougher federal emissions standards to help ensure at least 50% of new vehicles sold by 2030 are zero-emission. The largest U.S. automaker and the Environmental Defense Fund (EDF) released a series of joint recommendations to boost electric vehicles as the Environmental Protection Agency (EPA) develops […]

Business

YouTube in challenge to TikTok to give Shorts creators 45% of ad sales

YouTube unveiled a new way for creators to make money on short-form video, as it faces intensifying competition from TikTok. The Google-owned (GOOGL.O) streaming service announced Tuesday that it would introduce advertising on its video feature Shorts and give video creators 45% of the revenue. That compares with its standard distribution of 55% for videos […]

Business

Markets body urges caution on shorter settlement in Europe

Halving settlement time for stock trades in Europe to one business day would be “challenging” and needs full analysis by regulators before any decision is taken, a markets industry body said on Wednesday. Since 2014, banks and brokers have had two working days, known as T+2, to settle – the final leg of a trade […]