Business

News Hour: Venezuela on Tuesday said private and public companies will be obliged to let their workers be reassigned to grow crops, in a dramatic move in the middle of the country’s crippling economic crisis, reports...

News Hour: Tokyo stocks rallied at the open on Wednesday, rebounding after three straight sessions of losses as investors await the outcome of a US Federal Reserve meeting, reports BSS. The US central bank, which concludes...

News Hour: Egypt has asked the International Monetary Fund for financial support as it struggles to strengthen its economy, the IMF said on Tuesday, reports BSS. The Fund plans to send a staff team to the...

News Hour: Twitter’s shares fell hard on Tuesday after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users, reports BSS. Shares were down...

News Hour: New York-based JetBlue Airways has amended its purchase agreement with Airbus to include an additional 15 Airbus A321ceo and 15 A321neo aircraft. The airline, which already operates A321s, has not yet announced its engine...

News Hour: Trafigura Trading LLC, a wholly-owned subsidiary of Trafigura Group Pte Ltd successfully renewed its North American Borrowing Base Credit Facility. Despite a strong oversubscription the company decided to slightly reduce the two year facility...

News Hour: Currency swings and slumping sales in emerging markets took a further toll on South Korea’s Hyundai Motor, which reported on Tuesday a drop in net profit for the 10th consecutive quarter. Hyundai — along with...

News Hour: Fannie Mae announced today that the company issued $10.1 billion of multifamily MBS in the second quarter of 2016, primarily through its Delegated Underwriting and Servicing (DUS®) program. Fannie Mae also resecuritized $2.9 billion of...

News Hour: Verizon Communications Inc said it had agreed to buy Yahoo Inc’s core internet business for $4.83 billion in cash, ending a lengthy sale process for the fading Web pioneer, reports Reuters. Buying Yahoo’s operations...

News Hour: In August 2015, the AIIB Preparations Management Co. Ltd issued a notice on its website stating unequivocally that it had never granted any authorization to any legal person, organization or individual to design, coin...