Bloomberg Tech

Stocks dropped after the Federal Reserve signaled interest rates will be higher for longer and as traders awaited a Bank of England policy decision that hangs in the balance.

A new study indicates that forest projects in the state’s cap-and-trade system provide little additional benefit for the climate. 

Singapore banks are increasing scrutiny of some Chinese-born clients with other citizenships, following last month’s crackdown on money laundering involving more than S$2.4 billion ($1.8 billion) worth of assets that has rattled the Asian financial hub.

The Writers Guild of America and the group representing major Hollywood studios said they would meet for a second day, an encouraging sign that talks are progressing in a labor standoff that has lasted for months.

Stocks and Treasuries weakened while the dollar gained Thursday after the Federal Reserve signaled interest rates will be higher for longer.

While Chinese tech companies have long harbored ambitions to move into the electric car industry, EV upstart Nio Inc. has gone the other way — on Thursday releasing its first mobile phone.

Private equity fund Japan Industrial Partners Inc.’s successful tender offer for Toshiba Corp. paves the way for a ¥2 trillion ($13.5 billion) buyout that would end the electronics group’s 74-year-long run as a listed entity.

The Biden administration needs to toughen trade enforcement to guard against unfair competition from Chinese solar suppliers as module prices plummet to record lows, according to the chief of the biggest US panel maker.

Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider electronics industry.