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(RTTNews) - UK's Payment Systems Regulator or PSR provisionally proposed to introduce a price cap on cross-border interchange fees on credit and debit cards, mainly of U.S. payment tech majors Mastercard Inc. and Visa Inc. With this, the regulator aims to protect UK businesses fr

Shares of technology giant International Business Machines (NYSE: IBM) have bounced back from their pandemic-era lows, but the stock remains down about 21% from its all-time high reached more than a decade ago. The company has long been transforming itself for the age of cloud co

Private equity firm Apollo Global is weighing a bid for UK's Pension Insurance Corporation (PIC) in a deal that could value the company at about 5 billion pounds ($6.26 billion), Sky News reported on Wednesday.

The stock market has been rather strong in 2023 after a weak 2022. Through Dec. 12, the S&P 500 benchmark index had risen by 21% for the year and is hovering at a new 52-week high.

The auditor hired by Volkswagen to audit its jointly-owned site in Xinjiang posted a statement on LinkedIn flagging that just two employees supervised the project, in a sign of the reputational challenges posed by undertaking such work in the region.

Vacation rental platform Airbnb said on Wednesday it will pay 576 million euros ($620.58 million) to the Italian Revenue Agency to settle outstanding host income tax obligations for the 2017-2021 tax years.

The Japan Rugby Football Union on Wednesday named Eddie Jones as its new head coach, ending weeks of speculation over the Australian's re-appointment to the job he held from 2012 and 2015.

(RTTNews) - Dutch biopharmaceutical company Pharming Group N.V. (PHAR) announced Wednesday its plans to develop leniolisib for additional primary immunodeficiencies or PIDs beyond activated phosphoinositide 3-kinase delta syndrome or APDS.

Japanese government bond (JGB) yields fell for the third-straight day on Wednesday, tracking their U.S. peers down ahead of an auction for 20-year JGBs.

Australian shares ended higher on Wednesday, with financials and mining stocks leading gains, while investors awaited the U.S. Federal Reserve's policy decision for clues on the interest rate trajectory.

The dollar ticked up slightly versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting that could provide clues on when the U.S. central bank will begin lowering interest rates.

Thousands of people in coastal towns along Australia's Great Barrier Reef are without power and sheltering within their homes as the epicentre of a tropical cyclone nears Queensland on Wednesday afternoon.

A winding down of the post-pandemic spending frenzy is hitting European luxury companies from LVMH to Kering, but none more than Farfetch, an e-commerce pioneer.

Electric vehicle charging companies in Europe and the U.S. have started fighting over the best spots for fast public chargers, and industry watchers predict fresh rounds of consolidation as more big investors enter the fray.

U.S. Treasury market participants hope the securities regulator will heed pleas for a careful phase-in of a rule it is due to finalize on Wednesday that would force more central clearing of transactions in a seismic overhaul of the $26 trillion market.

A $275 billion market for high-risk bank debt has bounced back from a shock bondholder wipeout during the Credit Suisse rescue this year, but a bigger than expected slowdown in some major economies could test the market's revival.

Former Wimbledon finalist Nick Kyrgios thinks his well-documented mental health issues have taken a couple of seasons off his career and he will play on for only one or two more years after he finally gets back on court.

Cricket Australia said on Wednesday they backed Usman Khawaja's right to express his support for the people of Gaza but expected him to conform to International Cricket Council (ICC) rules banning displays on his playing equipment.

Most Asian stocks retreated on Wednesday with those in Thailand hitting an over three-year low, while currencies were on the defensive as markets awaited the U.S. Federal Reserve's final policy decision of the year and its monetary easing timeline.

Indonesia will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built-up EVs until 2025, a new presidential regulation showed as Jakarta seeks to attract more investment.