President-elect Trump just recently proclaimed that he will be cancelling the order the country has placed with Boeing seeing as that the cost for the new planes may be more than $4 billion.

Dec 08, 2016 01:39 AM EST

Trump had met with SoftBank Group Corp's chief executive, which apparently ended with the company agreeing to make a $50 billion investment in the United States and opening more than 50,000 jobs to Americans.

Dec 08, 2016 01:07 AM EST

The US President-elect, Donald Trump, has promised to hand out of his business empires to his children before get sworn as the president next month. Some politicians stated that Trump's words just to avoid potential conflicts of interest.

Dec 07, 2016 09:57 AM EST

As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.

Apr 14, 2016 07:18 AM EDT

The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.

Apr 14, 2016 07:16 AM EDT

GAO suggested financial regulators to disclose more information on their crisis policy framework. While five large banks do not have enough plan to manage operation during crisis.

Apr 14, 2016 07:13 AM EDT

Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.

Apr 14, 2016 07:11 AM EDT

Demand for steel across the globe is expected to decline 0.8% to 1,488 million tonnes in 2016, according to the World Steel Association. The association expects steel demand in China, the largest consumer, to fall 4% in 2016 tailed by a 3% decline in 2017, reaching 626.1 million tonnes in 2017.

Apr 14, 2016 07:08 AM EDT

The largest coal miner in the US has sought protection under bankruptcy law on Wednesday ending speculations over its future. The filing has been acknowledged as the largest bankruptcy case by liabilities during this year. With this filing, a century old publicly traded company is going to shutting down its operations in the US.

Apr 14, 2016 07:04 AM EDT

London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.

Apr 14, 2016 07:02 AM EDT

SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.

Apr 14, 2016 07:00 AM EDT

US safety regulator announced Wednesday that Takata still need to recall its defective airbags. NHTSA said unless Takata proved them to be safe, all remaining airbags in US vehicles must be recalled eventually.

Apr 14, 2016 06:54 AM EDT