Oracle Corp. plunged the most in 21 years after reporting a slowdown in the growth of its cloud business, raising questions about the software maker’s expansion efforts in a competitive market.
A push to change the constitution is facing opposition from center-right lawmakers — and from within the Indigenous community.
Commonwealth Bank of Australia expects the severe competition for home loans that’s eroding market share for the country’s biggest lender to endure into next year, piling further pressure on its largest business.
The Biden administration rejected a claim by Iranian President Ebrahim Raisi that there will be no restrictions on $6 billion in oil sales proceeds that will be freed up as part of a prisoner swap.
Oil extended its rally to a 10-month high as production cuts by leaders of the OPEC+ cartel strain global supplies, a setup that’s projected to create the tightest crude market in a decade in the months ahead.
Long-shot Republican presidential contender Asa Hutchinson said he would replace Federal Reserve Chairman Jerome Powell because the central bank chief has damaged the US economy by aggressively raising interest rates.
Barclays Plc sees signs of a rebound in mergers and acquisitions and a thawing of equity capital markets — a welcome turnaround after a persistent slump sapped investment-banking revenue across the industry.
The operator of the Panama Canal said there’s no immediate prospect of relief from the drought that’s reduced water levels and snarled shipping and global supply chains.
The steep rout in eastern European currencies is raising speculation among market strategists that policymakers will have to slow their plans to ease monetary policy.
Ford Motor Co. elevated two members of the founding family in an executive shuffle aimed at improving marketing and relations with its dealers as the automaker shifts to building electric vehicles.
