Business
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Oil price slipped below $55 a barrel as stronger dollar weighed on commodities
Dec 23, 2016News Hour: Oil slipped below $55 a barrel on Friday as a stronger U.S. dollar weighed on commodities and as higher Libyan output threatened to counter some of the supply cuts planned by OPEC and other... -
China to fine GM joint venture 201 million yuan for monopolistic pricing
Dec 23, 2016News Hour: China will fine U.S. automaker General Motors Co’s joint venture 201 million yuan ($29 million) for monopolistic pricing, state television reported on Friday, ending speculation after an official warned of penalties against a U.S.... -
The total value of all bitcoins in circulation hit a record high above $14 billion
Dec 22, 2016News Hour: The total value of all bitcoins in circulation hit a record high above $14 billion on Thursday, as the web-based digital currency jumped 5 percent on the day to its highest levels in three... -
Airbus signs firm contract for the sale of 100 aircraft to Iran Air
Dec 22, 2016News Hour: Airbus signed a firm contract on Thursday for the sale of 100 aircraft to Iran Air, as Tehran and Western companies race to re-open trade almost a year after sanctions against Iran were lifted. Airbus... -
Indian finance panel to grill RBI’s Patel later on cash crunch
Dec 21, 2016News Hour: Indian central bank Governor Urjit Patel will not appear on Thursday before parliament’s finance committee to brief it on the government’s decision to scrap high-value bank notes, the panel’s chairman said on Wednesday. The... -
India’s central bank retracts directive for lenders to question depositors
Dec 21, 2016News Hour: The Reserve Bank of India (RBI) on Wednesday retracted a directive for banks to question individuals depositing more than 5000 rupees ($74) in discontinued currency, just two days after issuing the order. The central... -
U.S. charges Platinum Partners execs with $1 billion fraud
Dec 20, 2016News Hour: Top executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became “like a Ponzi scheme” as its largest... -
Cyrus Mistry resigned from all of the Tata companies
Dec 20, 2016News Hour: Cyrus Mistry, the ousted former chairman of Indian conglomerate Tata, announced on Monday he had resigned from all of the group’s listed companies as he pledged to escalate his bitter dispute with company patriarch... -
Tech stocks drive Wall Street higher
Dec 19, 2016News Hour: U.S. stocks were higher on Monday in light trading, with the three major indexes hovering near record levels, driven by a rise in technology shares. The S&P technology index .SPLRCT rose 0.94 percent, leading... -
Novartis entered into definitive agreement for the acquisition of Ziarco Group
Dec 17, 2016News Hour: Novartis announced that it has entered into a definitive agreement for the acquisition of Ziarco Group Limited, a privately held company focused on the development of novel treatments in dermatology. This acquisition would add...