Business
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McDonald’s to create more than 5,000 jobs in Britain by 2017
Jul 28, 2016News Hour: McDonald’s will create more than 5,000 jobs in Britain by the end of 2017, the fast food chain said on Wednesday despite economic uncertainty following the Brexit vote, reports BSS. “These new jobs build... -
Oil prices retreated to the lowest level in three months
Jul 28, 2016News Hour: Oil prices retreated to the lowest level in three months on Wednesday after US data showed an unexpected increase in commercial stockpiles of oil and gasoline, reports BSS. With the latest increases, commercial oil... -
Private and public workers to be reassigned in Venezuela to agriculture sector
Jul 27, 2016News 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... -
Tokyo stocks rallied at the open ahead of Fed decision
Jul 27, 2016News 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... -
Egypt asks IMF for financial support
Jul 27, 2016News 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... -
Shares of Twitter fell hard after quarterly update showed more losses
Jul 27, 2016News 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... -
JetBlue orders for 30 additional A321 aircraft
Jul 26, 2016News 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... -
Trafigura Trading LLC renewed its North American borrowing base credit facility
Jul 26, 2016News 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... -
Hyundai Motor reports drop in net profit for the 10th consecutive quarter
Jul 26, 2016News 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... -
Fannie Mae issues $10.1 billion of multifamily MBS
Jul 25, 2016News 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...
