Not tech, not interested.That seems to be the mantra of investors in Hong Kong as an instant-noodle spinoff fell as much as 12.4 percent in its debut on Monday and Hebei Construction Group Corp. was said to price its IPO at the bottom of the indicative range. The unit of Nissin Foods Co. is just one of a handful of ...

Drug prices are too high, and Congress lacks the political will to do anything about it. These are two of the most uncontroversial assertions in the contentious debate about US health care policy — and they explain why states should be allowed to act on their own. The high price of medicine is a familiar lament from presidents and pharmaceutical ...

In a recent Atlantic article, George Mason University economist Bryan Caplan declares that college is, mostly, a waste of time. Caplan’s claim is sure to appeal to those who feel that their own higher education was wasted, or who dislike colleges because of liberal campus politics. But his arguments against college are deeply flawed, and the country would be well-advised ...

Miniatures of ComfortDelgro Corp. taxis are popular children’s toys in Singapore. Not for long, though. The ubiquitous blue and yellow Toyota Crown cabs are leaving the realm of kids’ imagination and heading for grownup nostalgia. One day soon, they’ll belong in a museum. The end is nigh for the conventional taxi business, though that’s not what Comfort said in a ...

Barring a collapse in the last few weeks of the year, US stocks will post their ninth consecutive calendar-year gain once you include dividends. The only other time the S&P 500 has advanced for nine straight years on the basis of total returns was in the 1990s, when stocks were positive every year from 1991 to 1999. The S&P 500 ...

Bloomberg US stocks gained, the dollar advanced and Treasuries slipped after data showed signs of inflation in producer prices as the Federal Reserve starts its two-day meeting. The S&P 500 Index edged higher after closing at a record, and the other major US equity gauges were up. Telephone shares led gainers, and semiconductor stocks led decliners. European equities pushed to ...

Reuters Middle East stock markets mostly rose on Tuesday after the shutdown of a North Sea pipeline pushed Brent oil above $65 a barrel for the first time since mid-2015. The Saudi stock index gained 0.3 percent, with petrochemical companies, whose profit margins tend to benefit from higher oil prices, outperforming. Saudi Kayan added 3.7 percent and PetroRabigh rose 3.0 ...

Bloomberg Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade. With the world economy heading into its strongest period since 2011, Citigroup Inc. and JPMorgan Chase & Co. predict average interest rates across advanced economies will climb to at least 1 percent next year in what would be the ...

Bloomberg Royal Bank of Scotland Group Plc is likely to leave its bonus pool little changed this year, according to people with knowledge of the matter, ending a spate of annual declines in payouts dating back to the financial crisis. A final decision on the discretionary awards hasn’t been made and will be taken in January, one of the people ...

MANAMA / Emirates Business Ithmaar Bank, a Bahrain-based Islamic retail bank, was honoured at a ceremony attended by senior bankers from across the Middle East after it was named Best Islamic Retail Bank in Bahrain. Ithmaar Bank was presented the prestigious award following a comprehensive selection and review process conducted by a committee of high-level economists and banking professionals, as ...