News

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Sat, 13 Jan 2018 06:06:04 GMT

Raytheon wins $641.8M defence contract: Pentagon

The Raytheon Integrated Defence System has won a contract worth $641.8M to perform Ballistic Missile Defence Systems' tests for the multiple radar platforms, the Pentagon said.

Sat, 13 Jan 2018 06:04:56 GMT

Wells Fargo struggles to recover after sales scandal

Wells Fargo CEO Sloan stated that the company has not fully recovered after a long-running sales scandal, which affected the bank's reputation and prevented efforts to reduce costs.

Sat, 13 Jan 2018 05:02:41 GMT

Costa Rica suspends local airline amid plane crash

The Civil Aviation Agency of Costa Rica has suspended Nature Air, the local airline, only two weeks after one of their planes crashed near a tourist beach, killing 12 people.

Sat, 13 Jan 2018 05:01:53 GMT

Singapore court charges three suspects in oil theft at Shell's refinery

A Singaporean court has charged three more suspects who were involved in large-scale oil heist at the biggest refinery of Shell, a few days after bringing charges against 11 men.

Sat, 13 Jan 2018 04:35:07 GMT

CBS, Viacom not in active talks on merger

CBS and Viacom were not in active negotiations over merger, though Viacom's controlling shareholder had exploratory talks with directors of CBS about the companies' recombining.

Sat, 13 Jan 2018 04:30:36 GMT

US holiday spending at strongest level in 12 years

The US holiday spending surged 5.5%, the strongest gain since 2005, spurred by solid consumer confidence, stronger employment and expectations of higher bonuses and wages after the tax bill.

Sat, 13 Jan 2018 03:33:11 GMT

Fiat recalls 162K minivans due to glitch

Fiat Chrysler stated on Friday that it was recalling 162K 2017 Chrysler Pacifica minivans due to a software glitch that may cause the cars to stall.

Sat, 13 Jan 2018 03:29:47 GMT

Volkswagen agrees to $232M Canada's emission settlement

Volkswagen agreed to a nearly $232M worth settlement with vehicle owners in Canada affected by the company's diesel emissions-cheating scandal.

Fri, 12 Jan 2018 21:24:25 GMT

US Airlines highest on-time rates in 8 years

On Friday the US Department of Transportation claimed that in November US Airlines had the highest rate of on-time arrival since 2009.

Fri, 12 Jan 2018 21:05:11 GMT

Iran says nuclear agreement is not renegotiable

A foreign minister of Iran claimed that the nuclear deal between Iran and major powers is not negotiable and the US had to bring itself into compliance. 

Fri, 12 Jan 2018 20:15:21 GMT

Rolls-Royce seeks $700M from its arm sale

The British jet-engine maker is seeking to raise $700M from selling L'orange, an arm of Rolls-Royce Holdings producing fuel injectors for ships and industrial applications.

Fri, 12 Jan 2018 19:53:15 GMT

Dutch and Spanish deny working on soft Brexit plan

A Dutch Ministry of Finance claimed that Netherlands and Spain have not reached a consensus regarding how Britain should withdraw from the European Union.

Fri, 12 Jan 2018 19:18:15 GMT

Pound reaches strongest level since Brexit referendum

The Pound reached the highest level since the Brexit vote as Dutch and Spanish ministers of finance were said to be working on a soft Brexit agreement for Britain.

Fri, 12 Jan 2018 19:00:28 GMT

Gold prices climb to 4-month highs

Gold prices traded at 4-months highs on Friday as the US Dollar extended its decline despite the higher-than-expected climb in the US inflation.

Fri, 12 Jan 2018 18:28:28 GMT

China's import from North Korea in December falls to lowest for 4 years

China's import from North Korea falls to the lowest since the beginning of 2014, curbed by the UN sanctions aimed to pursue Pyongyang to abandon its nuclear weapon program.

Fri, 12 Jan 2018 18:10:03 GMT

Euro hits three year high against dollar

The Euro hits 3-year high against the US Dollar after Christian Democrats and Social Democrats struck a deal to open coalition talks. 

Fri, 12 Jan 2018 16:55:38 GMT

NHTSA opens investigation into VW Tiguan's seat belt issue

The US National Highway Traffic Safety Administration has launched a preliminary inquiry into whether seat belts of 2018 Volkswagen Tiguan could fail during a collision.

Fri, 12 Jan 2018 16:55:11 GMT

GM seeks to put its driverless cars for road test

The US-based auto manufacturer General Motors told media that it had asked the federal government for a permission to test its driverless vehicles on roads sometime next year.

Fri, 12 Jan 2018 16:08:00 GMT

BlackRock reaches record high in assets

The US-based asset manager BlackRock hit a record of $6T in assets in 2017, driven by strong economic growth, gains in equity markets and supportive government policies.

Fri, 12 Jan 2018 16:07:02 GMT

South Korea wants to impose $711M trade sanctions on US

South Korea has required authorisation from the World Trade Organisation to impose $711M trade sanctions on the US for not complying with its anti-dumping and anti-subsidy rules.

Fri, 12 Jan 2018 15:33:16 GMT

EU, Bulgaria seek deal with Poland to avoid clash

Bulgaria and the European Commission believe that showdown on suspending Poland from the EU on democracy concerns might be avoided in the following months.

Fri, 12 Jan 2018 15:25:58 GMT

Facebook shares fall amid News Feed overhaul

On Friday, Facebook shares dropped 4%, following the CEO Mark Zuckerberg's announcement about changes to the social media's News Feed that would allegedly hit user engagement.

Fri, 12 Jan 2018 14:19:52 GMT

Germany pledges to work closely to France's Macron

On Friday, Germany's main parties pledged to cooperate closely to the French President Emmanuel Macron with intention to strengthen the EU bloc.

Fri, 12 Jan 2018 14:04:55 GMT

US retails sales rise 0.4% last month

According to the Commerce Department, US retail sales climbed 0.4% in December, following the prior month's upwardly revised 0.9% gain and missing analysts' estimates for a 0.5% rise.

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