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Forever 21 files for bankruptcy, will shutter most stores in Asia, Europe

Forever 21 has obtained $275 million in financing from lenders with JPMorgan Chase & Co. as agent, as well as $75 million in new capital from TPG Sixth Street Partners and its affiliated funds

Rate cuts fail to cheer bond market worried about Modi govt's borrowing

All eyes are now on the government's financing plans for the fiscal second half due today, with traders concerned that the authorities could increase bond sales beyond the Rs 2.68 trillion set earlier

Fed-up European Union eyes a tit-for-tat response to Trump's tariff tactics

This is despite the fact that the two sides reached a "mutually acceptable solution" to the issue in 2006

Why the festival season may not bring much cheer despite tax cuts by govt

Car sales in August fell the most on record and Maruti Suzuki India Ltd

Elon Musk outlines plans for vehicle he expects to take humans to Mars

The goal is to make "space travel like air travel", Musk said, during a highly technical presentation from the company's Boca Chica test site near Brownsville, Texas

No plans to block Chinese firms from US stock exchanges: Treasury official

The administration is not contemplating blocking Chinese companies from listing shares on US stock exchanges at this time

When Modi govt is seen borrowing more, rate cuts fail to boost bonds

The concerns persist even after an assurance from a government official that the borrowing plan remains unchanged

Softbank bets on former Sprint boss Marcelo Claure to fix WeWork

Masayoshi Son, the head of SoftBank, has asked the former CEO of Sprint to take a more hands-on role helping oversee a cleanup of the office-rental company from his position at SoftBank

Decks clear for next Spider-Man movie as Sony makes peace with Disney

The two companies have agreed to co-produce the next 'Spider-Man' movie, ending a dispute that clouded the future of one of the industry's biggest franchises

The most beautiful Ferrari in a decade pays tribute to race cars past

While drawing on history to make the 2020 F8 Tributo, Ferrari's designers have put the V8 engine, a marvel in its own right, at its core

WeWork set to undergo a seismic shift with Neumann family's ouster

WeWork long had the image of a family business: a husband-and-wife pair at the helm and company slogans about how life is "better together."

WeWork is now one step away from junk-bond market's weakest tier

S&P Global Ratings reduced WeWork's credit rating one notch to B- with a negative outlook, putting it at the edge of the market's weakest tier of borrowers

Trump admin dusts off Mueller probe playbook to discredit officials

They're turning, at least for now, to some of the same strategies they used to counter special counsel Robert Mueller's investigation

Prominent Hong Kong activist urges Starbucks to cancel local franchise

In a tweet early on Friday, Wong asked for the franchise of Maxim's Caterers, which runs the Starbucks outlets in the city, to be terminated "immediately"

Boris Johnson promises to deliver Brexit after historic court defeat

Britain's Supreme Court ruled that Johnson broke the law when he decided to suspend Parliament for five weeks in the run-up to the Oct. 31 deadline for leaving the EU

Govt will maintain borrowing plan, likely sell Rs 2.68 trn of bonds: Report

A decision on the nation's maiden foreign currency sovereign bond sale, announced first in July, has not been made, the official said

India tycoons running out of time with debt dagger hanging over stocks

Shares of publicly traded firms with a large portion of equity pledged as collateral risk abrupt declines should lenders move to recover their dues

A Rs 1.45 trillion tax cut may undermine rate reductions in India

While the central bank has cut rates four times this year, banks have been reluctant to fully pass on Asia's most aggressive easing amid a surge in bad loans

Climate change is real: How it is becoming a nightmare for central banks

Climate change was a warning shot that took time to echo in policy-making corridors

Rising power: Why India has faced muted criticism over its Kashmir policy

India's economic heft and its standing as a potential counter to China may be behind the absence of strong reactions