Post Tagged with: "Business"

US homes sales accelerate; supply still a constraint

November 21, 2017 9:00 pm
US homes sales accelerate; supply still a constraint

A US flag decorates a for-sale sign at a home in the Capitol Hill neighborhood of Washington, August 21, 2012. (Photo by Reuters) US home sales increased more than expected in October as hurricane-related disruptions dissipated, but a chronic shortage of houses which is pushing prices beyond the reach of […]

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Sales of electric cars hit record with strong China demand

6:30 pm
Sales of electric cars hit record with strong China demand

Market figures show sales of electric vehicles surged to a record high in the third quarter, largely due to a strong demand in China.  New indications have appeared that the world is gradually developing an eager appetite for electric cars. Market figures show sales of electric vehicles surged to a […]

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US President Donald Trump wants Aramco to be listed on Wall Street

November 5, 2017 3:00 am
US President Donald Trump wants Aramco to be listed on Wall Street

US President Donald Trump talking to reporters before embarking on a tour to Asia. (Photo by AFP) US President Donald Trump has called on Saudi Arabia to list the state-owned oil giant Aramco in Wall Street. Trump told reporters before flying to Japan that he had raised the proposal in […]

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Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

October 14, 2017 9:00 am
Japan’s SoftBank to merge US mobile carriers Sprint with T-Mobile : report

Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America’s top two wireless carriers, a newspaper said Saturday. SoftBank and German group Deutsche Telekom, […]

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Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

October 13, 2017 10:09 pm
Britain’s Vauxhall cars to cut 400 jobs: PSA spokesman

French carmaker PSA announced on March 6, 2017, the acquisition of General Motors’ European subsidiary, which includes the Opel and Vauxhall brands, for 1.9 billion GBP Britain’s Vauxhall cars, which was this summer taken over by French automaker PSA, is planning to cut 400 jobs at one of its factories […]

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Russia to link Iran to global payment systems

9:32 pm
Russia to link Iran to global payment systems

Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with global payment systems.   Iran says a cooperation agreement has been signed with a Russian provider of banking technological solutions to connect the country’s financial network with […]

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Samsung Electronics CEO Kwon Oh-Hyun resigns, even as record profits expected

2:41 pm
Samsung Electronics CEO Kwon Oh-Hyun resigns, even as record profits expected

(FILES) This file photo taken on June 21, 2016 shows Kwon Oh-Hyun, Vice Chairman and CEO of Samsung Electronics, speaking during the “Internet of Things: Transforming the Future” conference at the Washington Post Live Conference Center in Washington. The CEO of Samsung Electronics Kwon Oh-Hyun resigned on October 13, 2017, […]

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Tesla recalls Model X vehicles for seat fix

October 12, 2017 10:11 pm
Tesla recalls Model X vehicles for seat fix

Tesla has announced a recall of some Model X vehicles to fix a potential safety issue with rear seats which might shift in a crash Tesla on Thursday said that it is recalling Model X sport utility vehicles to fix second-row seat-backs which might shift forward during crashes. Internal testing […]

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Global economy chiefs told to reform while going is good

10:08 pm
Global economy chiefs told to reform while going is good

World Bank President Jim Yong Kim speaks at the opening of the annual World Bank-International Monetary Fund meetings in Washington.  Finance chiefs from around the world were warned Thursday to get their houses in order while the global economy is strong and to be ready for possible shocks in the […]

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US stocks retreat from records as Europe eyes Catalan crisis

10:01 pm
US stocks retreat from records as Europe eyes Catalan crisis

Wall Street took a breather after a record-breaking run Wall Street stocks retreated from records Thursday as investors soured on financial shares following earnings from large banks. The pullback in the US came on a mixed day for European equities as investors continued to weigh the murky politics surrounding the Catalan […]

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