Business

The U.S. government is cracking down on the Chinese apps TikTok and WeChat, starting by barring them from app stores on Sunday.

Investors are gearing up for the year's recordbreaking pace of corporate bond issuance to continue in the coming week, even after the U.S. Federal Reserve rattled nerves at its September meeting with a gloomierthanexpected economic outlook.

Around 5 million British jobs remained fully or partly on furlough at the end of July, down from a peak of just under 9 million but still leaving millions of workers facing uncertainty with the scheme due to be wound up at the end of next month.

Spain's Caixabank on Friday announced the terms of the acquisition of Bankia in an allin share deal that values the stateowned lender at 4.3 billion euros ($5.09 billion) and creates Spain's biggest domestic bank by assets.

He further said the legislation will not only empower but also create a fair and free ecosystem for farmers and traders alike, thereby fostering a spirit of friendly competition and improving trader transparency.

He said the industries department should make the ease of doing business procedure more effective in the state.

U.S. housing construction fell 5.1% in August after three months of strong gains as home builders mounted a rebound following a pandemicinduced shutdown in March and April.

Ford says it will add 300 jobs at a new factory that's being built to assemble batteries and manufacture an electric version of the F150 pickup truck.

Investors turned short on the Indonesian rupiah again in stark contrast to other Asian currencies, a Reuters poll showed, on concerns that the central bank's policymaking could be at risk from political interference.

Stocks fell and the dollar advanced on Thursday after the Federal Reserve pledged to keep interest rates low for a long time but stopped short of offering further stimulus to shore up a battered U.S. economy.

South Korea's LG Chem, an electric car battery supplier for Tesla Inc and GM said on Thursday it plans to separate its battery business into a new company as the electric vehicle market takes off.

EQT Corp, the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp's Appalachia gas properties and a pipeline stake, people familiar with the matter said.

Stocks closed lower on Wall Street Wednesday after a brief rally faded in the last hour of trading. Losses by technology companies outweighed gains in banks and elsewhere in the market.

The S&P 500 and Dow Jones indexes rose on Wednesday on hopes that the Federal Reserve would continue to keep interest rates low for a prolonged period, while a slide in tech stocks dragged the Nasdaq lower.

The Federal Reserve is expected to wrap up its latest policy meeting on Wednesday with somewhat rosier economic forecasts but a renewed pledge to keep interest rates low for as long as the world's biggest economy needs to recover from its deepest downturn...

Handelsbanken is to close almost half of its branch network and cut about 1,000 jobs in Sweden over the next two years and use the cost savings to invest in its IT systems.