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Updated: 20 hours 51 sec ago

Nissan ex-boss Carlos Ghosn to hold press conference on Jan. 8 - lawyer

Thu, 01/02/2020 - 07:59
Nissan ex-boss Carlos Ghosn will hold a news conference in Beirut on Jan. 8, a lawyer for Ghosn said on Wednesday, two days after abruptly arriving from Japan, where he was under house arrest and accused of financial misconduct.

Oil climbs on U.S.-China trade optimism, Middle East tensions

Thu, 01/02/2020 - 07:58
Oil prices rose on the first trading day of 2020 as warming trade relations between the United States and China eased demand concerns, and rising tensions in the Middle East raised worries about supply.

Asian shares rise on China's policy easing, trade deal hopes

Thu, 01/02/2020 - 07:46
Asian shares kicked off the new decade higher on Thursday, after global stocks ended the previous one at record highs, and buoyed by Chinese markets after Beijing eased monetary policy to support slowing growth.

China's top steel city Tangshan issues orange smog alert

Thu, 01/02/2020 - 07:38
China's top steelmaking city of Tangshan, in the country's northern province of Hebei, on Thursday issued an orange alert for pollution due to deteriorating weather conditions, according to a local government notice.

Treasury's Mnunchin to head U.S. delegation to Davos conclave

Thu, 01/02/2020 - 05:54
U.S. Treasury Secretary Steven Mnuchin will lead a group of U.S. officials who will attend the World Economic Forum later this month in Davos, Switzerland, the White House said Wednesday.

Dollar starts new year with a hangover as others find cheer

Thu, 01/02/2020 - 05:28
The dollar started the new year where it left the old one, under pressure as investors wagered U.S. economic outperformance could be coming to an end as optimism on trade brightens the outlook for growth globally.

Major commercial plane crash deaths worldwide fell by more than 50% in 2019 - group

Thu, 01/02/2020 - 05:24
The number of people killed in large commercial airplane crashes fell by more than 50% in 2019 despite a high-profile Boeing 737 MAX crash in Ethiopia in March, a Dutch consulting firm said on Wednesday.

Surveillance in a leafy enclave, Ghosn's Tokyo life was under strict monitoring

Wed, 01/01/2020 - 22:29
The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars.

Exclusive: Airbus beats goal with 863 jet deliveries in 2019, ousts Boeing from top spot

Wed, 01/01/2020 - 22:14
Airbus has become the world's largest planemaker for the first time since 2011 after delivering a forecast-beating 863 aircraft in 2019, seizing the crown from embattled U.S. rival Boeing, airport and tracking sources said on Wednesday.

More drugmakers hike U.S. prices as new year begins

Wed, 01/01/2020 - 22:10
Drugmakers including Bristol-Myers Squibb Co, Gilead Sciences Inc, and Biogen Inc hiked U.S. list prices on more than 50 drugs on Wednesday, bringing total New Year's Day drug price increases to more than 250, according to data analyzed by healthcare research firm 3 Axis Advisors.

Coal-fired plants around New Delhi running despite missing emissions deadline

Wed, 01/01/2020 - 20:10
Coal-fired utilities around New Delhi were still operating on Wednesday despite threats from the Indian authorities to close them down if they had not installed equipment to cut emissions of sulphur oxides by the end of the year.

Britain's Lloyds Banking Group suffers hours-long online outage

Wed, 01/01/2020 - 18:50
Britain's Lloyds Banking Group suffered an outage on Wednesday that left customers of its Lloyds, Halifax and Bank of Scotland operations unable to access accounts online for several hours.

Nifty, Sensex end higher on day 1 of 2020; Adani Ports top gainer

Wed, 01/01/2020 - 16:07
Indian shares ushered in 2020 on a positive note and closed higher on Wednesday, led by gains in energy and information technology stocks.

China cuts banks' reserve ratios again, frees up $115 billion to spur economy

Wed, 01/01/2020 - 15:04
China's central bank said on Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up the slowing economy.

Ghosn flight prompts talk of more curbs in Japan's strict justice system

Wed, 01/01/2020 - 14:17
Carlos Ghosn's daring flight from Japan, where he was awaiting trial on charges of financial wrongdoing, has revived global criticism of the nation's "hostage justice," but in Japan is prompting talk of reversing more lenient curbs on defendants.

French hardline union calls for more strikes to counter Macron's pension reform

Wed, 01/01/2020 - 14:13
French hardline union CGT called on Wednesday for more strikes in France this month after president Emmanuel Macron pledged to push through an overhaul of the pension system following weeks of nationwide strikes by trade unions.

Pakistan inflation 12.63% in December - statistics bureau

Wed, 01/01/2020 - 13:06
Pakistan’s annual inflation rate dropped marginally in December to 12.63% compared with 12.67% in November, as some commodity prices eased, the Bureau of Statistics said on Wednesday.

Stocks end 2019 near record highs, dollar slides

Wed, 01/01/2020 - 06:51
The dollar slid to a six-month low on Tuesday as progress on U.S.-China trade tensions led investors to higher-risk assets, while a year-end rally that lifted global equity markets to record highs stayed alive on the last trading day of 2019.

U.S. auto safety agency to investigate fatal Tesla crash in California

Wed, 01/01/2020 - 06:28
The fatal Dec. 29 crash of a Tesla Inc vehicle in Southern California will be investigated by the U.S. government's auto safety regulator, the agency said on Tuesday.

Uber, Postmates sue to block California gig worker law, claiming it's unconstitutional

Wed, 01/01/2020 - 04:22
Ride-hailing company Uber Technologies Inc and courier services provider Postmates Inc asked a U.S. court to block a California labor law set to go into effect on Wednesday, arguing the bill violates the U.S. Constitution.