The Federal Reserve on Friday (Oct 11) announced a new program to boost liquidity in the US financial plumbing and allow the central bank to better manage interest rates, but without changing monetary policy.
DUBAI: An Iranian-owned oil tanker was struck, probably by missiles, in the Red Sea off Saudi Arabia's coast on Friday (Oct 11), Iranian media said, an incident that if confirmed will stoke tension in a region rattled by attacks on tankers and oil sites since May. The Sabiti was hit...
SINGAPORE: It was on Sep 26, 2017 when British inventor James Dyson announced ambitious plans for his household appliance firm to plough in £2 billion (US$2.5 billion) to produce electric cars by 2020. Cities around the world were filled with “smog-belching cars, lorries and buses” as major car ......
The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector's first year-over-year earnings per share decline in three years.
SINGAPORE: Two company directors have been sentenced to jail for omitting more than S$600,000 in bonuses from their income tax returns, the Inland Revenue Authority of Singapore (IRAS) said in a news release on Friday (Oct 11). Koh Kok Huat, 68, and Adrian Yeo, 39, directors of both Foster Asia ......
CHICAGO: United Airlines Holdings said on Friday (Oct 11) it is extending cancellations of Boeing 737 MAX flights until Jan 6, as regulators continue to extensively review proposed software changes to the grounded plane. The company said it expects to cancel more than 8,000 flights for October ...
REUTERS: General Motors Co took the unusual step of appealing directly to employees in a blog post on Friday that laid out the terms of its latest offer aimed at ending a month-long strike. While emphasizing GM's commitment to the collective bargaining process, the letter, signed by Executive Vice...
Tycoon brothers Shivinder and Malvinder Singh appeared in court Friday accused of siphoning off hundreds of millions of dollars in the latest episode of a crumbling business dynasty.
Royal Air Maroc (RAM) has not canceled orders for the Boeing 737 MAX, the Moroccan national carrier said on Friday, following conflicting remarks about the fate of two jets.
TOKYO: Shares of Japan's Seven & I Holdings rose nearly 6 per cent on Friday (Oct 11) after the retail group said it will shut or relocate nearly 1,000 7-Eleven convenience stores and cut about 3,000 jobs as part of a group-wide restructuring. The company said it will also lower...
