NEW YORK: The Federal Aviation Administration said on Monday (Sep 23) that it still has no timeframe to lift the grounding of the Boeing 737 MAX, and that individual countries will decide when the plane can fly again. "Our first priority is safety, and we have set no timeframe...
US securities regulators on Monday charged Japanese automaker Nissan and its former CEO Carlos Ghosn with hiding more than US$140 million in Ghosn's expected retirement income from investors.
WASHINGTON: Boeing Co's US$50 million financial assistance fund will pay the families of 346 people killed in two fatal 737 MAX crashes US$144,500 each, the fund's administrators said on Monday (Sep 23). The fund, which is overseen by Washington lawyers Ken Feinberg and Camille S. Biros and was ......
A consortium of global tech companies, set up to combat extremist content online, said on Monday it plans to revamp the two-year-old organization and appoint an executive director.
BRIGHTON, England: Britain's opposition Labour Party will lay out on Tuesday a multi-billion pound package to boost development of electric cars and battery technology, promising to create tens of thousands of jobs and safeguard the automotive industry. Labour is hoping to win power from Prime ...
The Federal Reserve has delivered a boost to the economy this year not only with interest-rate cuts but also because it shifted away from its earlier view that it would need to raise rates in 2019, two Fed policymakers said on Monday.
NEW YORK: Wall Street stocks ended flat after a choppy session on Monday (Sep 23) amid lingering questions over trade and Federal Reserve interventions to ensure financial market liquidity. After three straight weeks of gains, major indices fell last week amid continuing worries over the US-China ...
U.S. stocks were higher in late afternoon trading on Monday, helped by gains in shares of Apple Inc, though mixed economic cues in the face of a prolonged U.S.-China trade war limited the advance.
Interest rate futures traders believe the U.S. Federal Reserve will bow to President Donald Trump's persistent tweets pressuring the central bank to lower interest rates, and this poses a "significant" risk to Fed independence, according to research released on Monday.
Lockheed Martin Corp has been awarded a NASA contract worth up to US$4.6 billion to build Orion astronaut capsules, NASA said on Monday.
