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Apple teams with Goldman Sachs to offer savings accounts to card users

The move builds on the existing credit-card partnership between the two companies. The Wall Street titan has pushed in recent years to expand its offerings for consumers

Asian govts spent $50 bn in Sept to defend currencies from strong US dollar

Dollar sales in the region over the first nine months of the year have reached approximately $89 billion including Japan, marking the most active period for foreign-exchange expenditures

Asia now world's largest debtor and saver; high risk of debt distress: IMF

Asia's economies will need to focus on fiscal stability in order to offset surging debt and to support monetary policy, the International Monetary Fund has warned.

S&P 500 wipes out 2.4% loss in biggest stock reversal since July 1991

It was a stock reversal for the ages: A near-uniform plunge followed by an everything rally made for a dizzying day on Wall Street.

Transition Bonds poised to hit $1.5 trillion: Climate Bonds Initiative

The market for these new securities is set to hit $1.5 trillion by the end of the decade, up from just $12 billion, according to the Climate Bonds Initiative, the world's No. 1 certifier of green debt

Private bets shield big investors from inflation, spiraling interest rates

The big question now looming over giants from China's $1.2 trillion sovereign wealth fund to California's public pension, the largest in the US, is how long those private bets will remain insulated

China halting cash drainage for Party Congress; may boost market sentiment

The cash cushion could boost market sentiment dented by Beijing's adherence to its Covid Zero policy and the crippling slump in the housing market

Joe Biden's old tactics are botching the dream of made-in-America EVs

As the EV hype ramps up and a shortage of batteries emerges, industrial giants like SK Innovation Co., Honda Motor Co., etc., have announced billions of dollars of manufacturing facilities across US

Crypto hackers set for record year after looting over $3 billion: Report

Hackers have become adept at exploiting weaknesses in the security, coding and structure of DeFi marketplaces

Zoomcar Holdings to go public via merger with Innovative International

Zoomcar operates a marketplace for private vehicles, with owners making their cars available on the platform and users able to rent them by the hour, day, week or month

Reliance sole bidder for Metro's India business, says report

Representatives for Metro and Reliance declined to comment, while a spokesperson for CP Group didn't immediately respond to requests for comment.

Dubai's $73,000 a year villa rentals come with a warning: Report

The average annual rent for a villa, or family home, in the emirate reached 268,758 dirhams ($73,171) last month after prices jumped 26% in the year through September

S&P Global withdraws rating of Adani Transmission at firm's request

S&P Global Ratings withdrew its rating for Adani Transmission Ltd., ending an assessment of barely investment grade at the company's request

India's economy faces significant external headwinds, says IMF

Earlier this week, the Washington-based fund lowered India's growth forecast by 0.6 percentage points to 6.8% for the year ending March 2023 -- the biggest downgrade among major economies after the US

Aluminium heads for more supply chaos as Joe Biden weighs Russia ban

The Biden administration is considering options including sanctions on Russia's top producer of aluminium as the White House looks to punish Moscow for its military escalations in Ukraine

Joe Biden's 'slight' recession would mean economic pain for millions

Economic contractions -- even modest ones -- traditionally lead to markedly higher unemployment as companies slash their payrolls by millions of workers in response to lower demand

Bursting housing bubble of China will rock the economy for years to come

While many economists say China's crippling housing downturn won't get much worse and that the stimulus will kick in this year or next, the reality on the ground for sellers like Echo is much bleaker

Americans to pay the most in 25 years to stay warm during this winter

Prices for natural gas and distillate -- which includes heating oil -- are both seen rising nearly 30% this winter

US government to nearly double temporary visas for non-agricultural jobs

Twenty thousand of the H-2B visas will be granted to workers from the Central American countries of Honduras, El Salvador and Guatemala as well as Haiti

Unicorns become 'cockroaches' as tech funding dries up: Report

Global venture funding slumped to $74.5 billion in the past three months, its lowest level in nine quarters, according to CB Insights.