Rio Tinto Group is preparing for trials of battery-powered locomotives in Australia, where it uses giant autonomous trains — the world’s largest and longest robots — to transport iron ore across the vast Outback.
Asian stocks declined into a third day following falls on Wall Street as tensions escalated in the Middle East, driving gold and oil to further advances. Meanwhile, traders weighed Federal Reserve chairman Jerome Powell’s remarks for any clues on the policy outlook.
Russian Foreign Minister Sergei Lavrov called for regular trilateral security talks between North Korea, China and Russia to counteract what he characterized as a “dangerous policy” being pursued by the US, Japan and South Korea to tighten their joint defense posture in the region.
Foreign money managers are bailing on some of the biggest names in China’s technology sector as a global exodus from the nation’s equities deepens.
Bank of Baroda, one of the largest state-run banks in India, has suspended dozens of executives and is clawing back their benefits as it probes irregularities related to the on boarding of customers to its mobile app, according to people familiar with the matter.
Billionaire investor Dmitry Balyasny said hedge fund firms need to both buy and build talent as they expand, even amid soaring costs for traders.
Ethereum co-founder Joseph Lubin robbed his earliest employees of the value of stock awards that drew them to his blockchain firm, Consensys, in the first place, ex-workers allege in a lawsuit.
Israel’s debt rating was put on review for downgrade at Moody’s Investors Service as the violent conflict with Hamas escalates.
Volatility gripped Wall Street as traders kept a close eye on any signs of a potential escalation of the Middle East conflict, while weighing Jerome Powell’s remarks for clues on the policy outlook.
Hewlett Packard Enterprise Co. slid as much as 4.2% in postmarket trading after the computing-services provider delivered a disappointing outlook for cash flow and profit.
