News

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Tue, 14 Feb 2017 08:03:00 GMT

Toshiba shares fall 9% after delaying of earnings report

Shares of Toshiba Corp dropped more than 9% after the unexpected delay of the release of its quarter earnings, including details of a write-down for its US nuclear business.

Tue, 14 Feb 2017 08:01:57 GMT

Credit Suisse posts net loss of 2.35B Swiss francs

Credit Suisse reported a 2.35B Swiss francs net loss for the Q4 as a result of a fine from the US Justice Department. The bank is planning to cut headcount in 2017 by 5.5K jobs.

Tue, 14 Feb 2017 06:52:55 GMT

Marathon Pharma hits pause on $89K drug after price criticism

Marathon Pharmaceuticals delayed the launch of the muscular dystrophy drug after criticism of its $89K-per-year price, including from two members of Congress.

Tue, 14 Feb 2017 06:51:56 GMT

US sanctions Venezuelan vice president over drug trafficking claims

The US government has blacklisted Venezuelan Vice President Tareck El Aissami, accusing him of drug trafficking and aiding Middle Eastern terrorists.

Tue, 14 Feb 2017 05:51:26 GMT

Romanian parliament supports anti-graft referendum

The lawmakers unanimously voted to endorse the referendum proposed by the country's president amid large public protests. The referendum question has not yet been formulated.

Tue, 14 Feb 2017 05:51:15 GMT

Chinese inflation surges to 2.5-year high

China's CPI posted a 2.5% annual growth, beating economists' forecasts. The National Bureau of Statistics noted that the surge was largely supported by rising food prices.

Tue, 14 Feb 2017 05:12:25 GMT

Apple shares reach all-time closing high

The stock closed at $133.29 on Monday, beating the February 2015 record. Earlier, Goldman Sachs raised the price target for Apple and UBS stated that the business was undervalued.

Tue, 14 Feb 2017 04:50:53 GMT

US President's national security adviser resigns over contacts with Russia

Michael Flynn confirmed in the resignation letter that he has misinformed the officials about his phone calls with Russian ambassador prior to Donald Trump's inauguration.

Mon, 13 Feb 2017 23:13:02 GMT

Mnuchin rumoured to be next Treasury Secretary

Steven Mnuchin, the ex-Chief Information Officer of Goldman Sachs, is expected to be chosen as the new US Treasury Secretary.

Mon, 13 Feb 2017 23:02:05 GMT

Evidence of banned chemical warfare found in Syria

According to the Human Rights Watch, the Syrian government forces used forbidden chemical weapons when retaking Aleppo last year. Such actions could lead to Syrian officials getting sanctioned by the US, UK, France and other countries.

Mon, 13 Feb 2017 21:03:27 GMT

Germany calls on Greece to stay in Euro zone

On Monday, German officials expressed their support for the Greeks and urged the country to stay in the Euro zone.

Mon, 13 Feb 2017 21:03:10 GMT

Verizon to offer unlimited data plan as wireless carriers' woes continue

Verizon Communications Inc. announced it would offer an $80 per month unlimited data plan, as the wireless carrier pricing war is picking up steam in the US.

Mon, 13 Feb 2017 20:05:12 GMT

Toyota and GM want eased safety regulations

In a statement released on Monday, the carmakers' officials said given the current strict safety rules it would take years to allow self-driving vehicles' deployment in the US.

Mon, 13 Feb 2017 20:04:59 GMT

Pentagon strictly criticises North Korea over missile test-fire

On Monday, the Pentagon spokesperson said that the latest North Korean ballistic missile test-fire had been a serious hazard to national security.

Mon, 13 Feb 2017 19:08:02 GMT

32 die in Taiwan tour bus crash

According to local media, a bus crash near Taipei claimed lives of no less than 32 people and left 23 others injured.

Mon, 13 Feb 2017 19:07:40 GMT

Nine cardinals support Pope in light of latter-day events

In an unconventional statement, nine cardinals from around world expressed their support for the Pope Francis and his teachings in light of latter-days assaults from conservatives.

Mon, 13 Feb 2017 18:22:14 GMT

Brazilian President dismisses close aide promotion

Michel Temer, the President of Brazil, denied rumours that he had promoted his close ally Moreira Franco to protect himself from charges over corruption.

Mon, 13 Feb 2017 18:21:51 GMT

Work councils halt cooperation with VW management

The two sides of the dispute reported that talks between the VW management and labour unions broke down, leaving the company's cost-cutting deal uncertain.

Mon, 13 Feb 2017 17:14:59 GMT

DuPont agrees to pay $671M to settle chemical leakage cases

In a statement released today, DuPont said it would pay $671M in cash in order to settle a number of court suits concerning the leakage of toxic compound used in Teflon making.

Mon, 13 Feb 2017 17:14:32 GMT

Italian ex-PM urges to hold leadership contest in PD

On Monday, the former Italian Prime Minister Matteo Renzi announced he would be eager to hold the leadership race in his party in an attempt to regain power.

Mon, 13 Feb 2017 16:13:12 GMT

44% Canadians support NAFTA

According to the recent Angus Reid Institute poll, 44% of Canadians said that the country had benefited from the NAFTA, while 13% saw the agreement harming the economy.

Mon, 13 Feb 2017 16:13:03 GMT

Explosion leaves at least 10 dead in Pakistan

According to local media, no less than 10 people were killed and multiple others wounded in a bomb blast that has gone off in Lahore, Pakistan.

Mon, 13 Feb 2017 15:21:44 GMT

Kuwait wants to increase oil output cuts

Kuwait officials have revealed that the OPEC countries are applying pressure on non-OPEC countries to fulfill their promises to cut oil production in an effort to increase crude oil prices.

Mon, 13 Feb 2017 15:21:06 GMT

Polish PM remains in hospital

The Prime Minister of Poland Beata Szydlo will stay in hospital during the next few days. The politician is quickly recovering after suffering in a car crash.

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