OxyContin maker Purdue Pharma LP will ask a U.S. Bankruptcy Judge on Friday to pause litigation against the company and its owners over the objections of U.S. states that allege the company is trying to protect the controlling Sackler family.
Global ride-hailing firm Uber Technologies Inc on Friday launched a pilot test of a boat service in Nigeria's commercial capital Lagos to attract commuters seeking to avoid the megacity's notoriously congested roads.
South Korea's Hyundai Motor and Kia Motors agreed to resolve class action litigation with U.S. owners of certain vehicles equipped with Theta II gasoline direct injection (GDI) engines, the companies said on Friday.
Oil prices surged more than two per cent on Friday (Oct 11) after an Iranian tanker was hit by suspected missile strikes near Saudi Arabia, sparking fresh supply concerns with tensions already high after last month's attacks on two Saudi crude facilities.
For America's working poor, an often essential ingredient for getting and keeping a job – having a car – has rarely been more costly, and millions of people are finding it impossible to keep up with payments despite prolonged economic growth and low unemployment.
BP expects to hit its US$10 billion disposal program by the end of 2019, almost one year ahead of schedule, which will however result in a US$2-3 billion charge in the third quarter.
WASHINGTON: US aviation regulators were slammed on Friday (Oct 11) for allowing design changes to Boeing's 737 MAX aircraft that have been implicated in two crashes causing the deaths of more than 300 people. The Federal Aviation Administration failed to stick to its own rules, followed out-of ...
LONDON/TOKYO/NEW YORK: Some European and Japanese bond investors are taking on more currency risk by buying dollar debt without protecting themselves against potentially devastating exchange rate swings as they seek ways to compensate for sub-zero yields at home. A fund manager in Germany can buy ...
HONG KONG: Hong Kong's financial chief urged landlords and property developers on Friday (Oct 11) to offer rent subsidies to retailers and food and beverage businesses suffering after four months of protests that have dented tourism and consumer spending. The comments followed a similar call for ...
SINGAPORE: British technology company Dyson, best known for its hairdryers and vacuum cleaners, said on Thursday (Oct 10) it is shutting down its automotive division. The company, headed by billionaire entrepreneur James Dyson, said its team had developed a "fantastic" electric car, but that it ...
