Business

JPMorgan Withdraws From $2 Billion China Everbright Bank HK Listing

JPMorgan Chase & Co has withdrawn from a syndicate of banks working on a $2 billion Hong Kong listing by China Everbright Bank Co, a person familiar with the matter told Reuters. JPMorgan's exit comes as it faces a number...

Bombardier To Sell 5 Jets To Iraqi Airways For $387 Million

Bombardier (BBDb.TO) has signed a letter of intent to sell five CSeries jetliners to Iraqi Airways, the Canadian plane and train maker said on Tuesday. Iraq's national carrier will acquire five of the CS300 jets with options for 11 more...

OECD Sees Emerging Market Holding Back Global Recovery

Ask ZiVA 728x90 Ads
France's President Francois Hollande (2ndL) and Economic Co-operation and Development (OECD) General Secretary Angel Gurria (L) Slowing emerging markets are dragging on the world's economic recovery and advanced countries are struggling to pick up the slack after years of debt...

Wall Street Extends Records As Fed Stays In Focus

U.S. stocks rose at the open on Monday, with the Dow and S&P extending record highs as trading continues to focus on economic stimulus from the Federal Reserve. The Dow Jones industrial average .DJI rose 43.6 points or 0.27 percent,...

Google, Microsoft Tighten Online Searches To Combat Child Porn

Google and Microsoft unveiled measures to block online searches for child sex abuse images on Monday as part of a bid by British authorities to crackdown on Internet pedophiles. The companies said as many as 100,000 search terms will now...

After Huge Plane Orders, Airbus And Boeing Sign Gulf Supplies Deals

Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates Airlines, shakes hands with Boeing Commercial Airplanes Chief Executive Ray Conner (front R) as Boeing Chairman James McNerney (2nd L) looks on during the Dubai Airshow   Airbus and Boeing signed deals...

China Reform Plans Lift World Shares To 6-Year High

World shares hit a near six-year high on Monday, boosted by signs of ambitious economic reform in China and the prospect of extended stimulus in the United States. China's offshore share market put on 5.7 percent .HSCE in its best...

Qatar Airways To Launch Saudi Services Early Next Year

Qatar Airways Chief Executive Akbar Al Baker (3rd R), Qatar's Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani (4th R), Qatar's Minister of Energy and Industry Mohammed Saleh al-Sada (2ndR) and other delegates pose in front of a...

Nigerian Energy Firm Oando 9-Mth Pre-Tax Profit Falls 44 Pct

Nigerian energy firm Oando Plc said on Friday that its nine month pre-tax profit fell 44 percent to 9.78 billion naira ($61.44 million), compared with 17.40 billion naira in the same period a year ago. The oil marketing and exploration...

Banks To Repay 3.6 Billion Euros Of Crisis Loans: ECB

Banks will next week return 3.59 billion euros ($4.8 billion) of crisis loans early to the European Central Bank, the ECB said on Friday, a lower than expected total as a recent rate cut makes it more attractive to...