BUSINESS

U.S. SEC Issues Guidance On Broker And Adviser 'Care Obligations'

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their  headquarters in Washington, D.C.
The U.S. Securities and Exchange Commission (SEC) published a staff bulletin on Thursday giving guidance on how broker dealers and investment advisers must put their clients' interests ahead of their own when providing advice and recommendations to retail investors.
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California plans to launch an experiment to cover its aqueducts with solar panels

US House Committee Votes To Repeal Biden Solar Panel Policy

A U.S. House of Representatives committee voted in favor of restoring tariffs on solar panels from four Southeast Asian nations on Wednesday and reversing President Joe Biden's earlier suspension, setting the resolution up for a vote by the full House.
A Wall Street sign outside the New York Stock Exchange

Wall St Slips On Mixed Earnings, Higher Treasury Yields

Wall Street's main indexes fell on Wednesday as Treasury yields rose on growing expectations that the Federal Reserve could keep interest rates higher for longer, while mixed earnings from regional banks and weakness in Tesla further dented sentiment.
A street sign for Wall Street is seen in the financial district in New York

Futures Gain As Investors Cheer Resilient Earnings

U.S. stock index futures climbed on Tuesday as Bank of America and Johnson & Johnson reported upbeat earnings, while signs of uneven economic recovery in China and prospects of more Federal Reserve interest rate hikes capped gains. .
People queue outside India's first Apple store ahead of its Tuesday opening in Mumbai

Apple Opens First India Store In Market Push

The world's biggest company in terms of market value is also expanding its manufacturing footprint in India as it seeks to diversify its supply chain away from a heavy dependence on neighboring China.
A well head and drilling rig in the Yarakta oilfield in Russia

Oil Steady As Markets Look Ahead To China GDP Data

Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.
Sultan Al Jaber says climate finance for developing countries needs to be 'very high on the agenda'

COP28 Head Urges 'Accessible' Global Climate Finance

Sultan Al Jaber, president of the COP28 climate talks, called on Saturday for "available, accessible and affordable" finance for the developing economies most vulnerable to the destructive impacts of a warming planet.

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