Business articles

Dollar pushes higher after Yellen, Asia traders wary

The dollar rallied against high-yielding currencies and cemented gains versus its major peers as dealers took a speech by Federal Reserve boss Janet Yellen as a hint that US interest rates will rise further this year.

Takata shares suspended over rescue plan report

Trading in Takata shares was suspended in Tokyo Thursday following a report that two bidders are set to propose court-mediated rescue plans for the airbag maker at the centre of the auto industry’s biggest safety recall.

Man Utd dethrone Real Madrid as cash kings

Manchester United’s relative failure on the pitch has not been reflected off it as for the first time in over a decade they top Deloitte’s Football Money League for revenue in the 2015/16 season.

US sues Oracle alleging discrimination in pay

The US Labor Department on Wednesday sued business software giant Oracle alleging “systemic” discrimination in pay against female, African American and Asian employees.

Canada gets advance notice of US trade intentions

The United States will seek a new dispute resolution mechanism and tighter country of origin rules in a rejigged continental trade pact with Canada and Mexico, a newspaper reported Wednesday.

China’s richest man warns Trump against trade war

China’s richest man, Hollywood investor Wang Jianlin, warned Donald Trump Wednesday against dragging the entertainment industry into a trade war — saying his country’s millions of movie-lovers are key to the future of cinema.

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