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Toshiba shares fall 9% after delaying of earnings report
Tue, 14 Feb 2017 08:03:00 GMT
 
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. >>
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Credit Suisse posts net loss of 2.35B Swiss francs
Tue, 14 Feb 2017 08:01:57 GMT
 
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 >>
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Marathon Pharma hits pause on $89K drug after price criticism
Tue, 14 Feb 2017 06:52:55 GMT
 
Marathon Pharmaceuticals delayed the launch of the muscular dystrophy drug after criticism of its $89K-per-year price, including from two members of Congress. >>
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US sanctions Venezuelan vice president over drug trafficking claims
Tue, 14 Feb 2017 06:51:56 GMT
 
The US government has blacklisted Venezuelan Vice President Tareck El Aissami, accusing him of drug trafficking and aiding Middle Eastern terrorists. >>
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Romanian parliament supports anti-graft referendum
Tue, 14 Feb 2017 05:51:26 GMT
 
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. >>
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Chinese inflation surges to 2.5-year high
Tue, 14 Feb 2017 05:51:15 GMT
 
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. >>
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Apple shares reach all-time closing high
Tue, 14 Feb 2017 05:12:25 GMT
 
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. >>
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US President's national security adviser resigns over contacts with Russia
Tue, 14 Feb 2017 04:50:53 GMT
 
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. >>
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Mnuchin rumoured to be next Treasury Secretary
Mon, 13 Feb 2017 23:13:02 GMT
 
Steven Mnuchin, the ex-Chief Information Officer of Goldman Sachs, is expected to be chosen as the new US Treasury Secretary. >>
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Evidence of banned chemical warfare found in Syria
Mon, 13 Feb 2017 23:02:05 GMT
 
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 >>
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Germany calls on Greece to stay in Euro zone
Mon, 13 Feb 2017 21:03:27 GMT
 
On Monday, German officials expressed their support for the Greeks and urged the country to stay in the Euro zone. >>
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Verizon to offer unlimited data plan as wireless carriers' woes continue
Mon, 13 Feb 2017 21:03:10 GMT
 
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. >>
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Toyota and GM want eased safety regulations
Mon, 13 Feb 2017 20:05:12 GMT
 
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. >>
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Pentagon strictly criticises North Korea over missile test-fire
Mon, 13 Feb 2017 20:04:59 GMT
 
On Monday, the Pentagon spokesperson said that the latest North Korean ballistic missile test-fire had been a serious hazard to national security. >>
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32 die in Taiwan tour bus crash
Mon, 13 Feb 2017 19:08:02 GMT
 
According to local media, a bus crash near Taipei claimed lives of no less than 32 people and left 23 others injured. >>
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