Taxi-driver-turned-art-collector Liu Yiqian, who made most of his billions trading stocks, jumped back into the Shanghai market with some $160 million this week.
Using an industry technique known as “upgauging,” airlines increase capacity by adding seats on existing jets and replacing smaller planes with larger ones.
The return of the El Niño weather phenomenon is forcing agricultural commodity players, from wheat farmers in Australia to traders in Singapore, to prepare for low crop yields and heightened price volatility.
Hedge funds managers with exposure to Greek stocks and warrants face an uncertain wait ahead of Sunday’s referendum, after being unable to get their money back or easily value their funds this week.
The obscure business of reinsurance has always been one of Warren Buffett’s favorite money makers, but a changing landscape has led his Berkshire Hathaway to adjust its strategy.
The Japanese watchmaker, under a new president, looks to enter the smartwatch fray, four decades after it introduced its first digital wristwatch.
Brazil’s antitrust agency is investigating banking giants HSBC Holdings PLC, Citigroup Inc., Deutsche Bank AG and others on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.
Intel Corp. said President Renée James is stepping down, one of several management changes as CEO Brian Krzanich shakes up the chip maker.
Ford is recalling 432,000 Focus, C-Max and Escape vehicles because of a software problem that could keep the cars from shutting off.
Brazil’s federal police have arrested another former executive of Petróleo Brasileiro as part of an investigation into a broader corruption scandal.
The International Monetary Fund warned that Greece would need debt relief and more than €60 billion ($66.6 billion) in new aid, raising the stakes in an already fraught Greek referendum over creditors’ bailout terms.
Xiaomi’s Redmi 2 smartphone will be the company’s first sold outside Asia and its first manufactured outside China.
PayPal has agreed to buy online money-transfer company Xoom for $890 million in an all-cash deal, marking incoming chief Dan Schulman’s first big move ahead of his company’s planned spinoff from eBay later this month.
Facebook said it would begin sharing ad revenue with video creators, a move designed to attract more polished content and more ads.