Number of Taiwanese billionaires rises to 40, including 1 woman

TAIPEI (Taiwan News) — The number of billionaires in Taiwan increased from 35 to 40 last year and now also includes a woman, according to an annual survey by PwC and Swiss bank UBS. While the...

Credit Suisse executive quits over snooping on ex-manager

GENEVA (AP) — Swiss bank Credit Suisse says a senior executive and the head of its security operation have resigned over a decision to snoop on a former wealth management chief who joined rival UBS. ...

China lets currency sink

BEIJING (AP) — China allowed its yuan to sink Monday and U.S. President Donald Trump said the two sides will talk "very seriously" about a war over trade and technology following tit-f...

Strong profit growth goes poof for US companies

NEW YORK (AP) — Well, that de-escalated quickly. Profits surged for U.S. businesses last year, with growth topping 20% for S&P 500 companies in much of 2018. But the gusher got c...

Investment report finds many companies wanting on climate

BERLIN (AP) — Many companies in high-emission industries aren't doing enough to respond to climate change, according to a report produced for some of the world's biggest institutional investors that w...

How Trump tariffs on China and Mexico could hurt US economy

WASHINGTON (AP) — Ten billion here, ten billion there: President Donald Trump's escalating tariffs on imports to the United States have begun to amount to serious money — and potentially to imperil on...

Pennsylvania accuses financial firms of bond price-fixing

HARRISBURG, Pa. (AP) — Pennsylvania's treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie M...

Retailers, shoppers could feel more pain if tariffs spread

NEW YORK (AP) — An escalating trade war between the U.S. and China could mean higher prices on a broad array of products from toys to clothing. But some retailers will be less equipped to handle the p...

1Q Earnings Wrap: When nothing is better

NEW YORK (AP) — Behold the power of low expectations. Nearly all the companies in the S&P 500 have said how much profit they made in the first three months of the year, and growt...

EU fines major banks 1 billion euros over currency cartels

The European Commission on Thursday fined five major banks €1.07 billion ($1.2 billion) for collusion in the foreign currency market. The fines would normally have been 10% higher, but was reduc...

EU fines banks over $1 billion over foreign exchange cartel

BRUSSELS (AP) — European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for allegedly colluding in the trade of large sums of foreign currency. ...

Initial public offerings scheduled to debut next week

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings. Week of May 6. ...

Former top GOP on banking committee hired by Swiss bank UBS

NEW YORK (AP) — The former congressman who led Republican's efforts to deregulate the banking industry after the financial crisis is starting a new job as an employee of Swiss bank UBS. ...

Cyprus picks new head of central bank

NICOSIA, Cyprus (AP) — Cyprus' president has selected Constantinos Herodorou, an executive member on the national central bank's board, to replace the outgoing governor. President Ni...

Heiress hoax scores woman celebrity treatment, and charges

NEW YORK (AP) — Anna Sorokin traveled in celebrity circles and tossed $100 tips — all the more reason to believe she was the German heiress she said she was. But behind the jet-set lifestyle and pricy...