A federal judge found that Royal Bank of Canada shortchanged the failed mortgage lender when it seized and subsequently sold some of its assets.
Americans continued to step up their spending in July amid a healthy pickup in wages, a sign the economy carried momentum into the third quarter.
China’s moves to spur its slowing economy are having an important but less obvious effect on the tech sector: Strengthening local companies that already were making life difficult for U.S. rivals.
Some Syngenta shareholders are angry about the pesticide-and-seed giant’s rejection of takeover proposals from rival Monsanto, which abandoned its pursuit this week.
Brazil’s big bet on China is turning sour as the Asian country’s once voracious appetite for Brazilian exports dims.
French luxury-goods company Hermès International said it expects demand for its pricey handbags and fashion to remain resilient and grow 8% this year despite the risk of an economic slowdown in China.
Heard on the Street: PetroChina, Sinopec and Cnooc’s latest results show China’s oil giants are still spending too much.
The eurozone’s heavy reliance on exports leaves the region vulnerable as emerging markets stumble.
Heard on the Street: Market turmoil has cast doubt on the Fed’s September intentions. But a rate increase remains very much on the table.