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Toshiba Restructuring is Backed By Public Fund

Japanese government prepared a state-backed fund to help Toshiba restructure its business.

Dec 31, 2015 01:05 AM EST

The US Army retires its first ever drone

After 2 decades of service, the U.S. Army's first drone the Hunter UAS has now started its well-deserved retirement. The Army replaces the Hunter with the General Atomics Grey Eagle UAS.

Dec 30, 2015 08:36 PM EST

Resolution on Comfort Women May Benefit Japan, Korea and the Region

Resolution between South Korea and Japan regarding comfort women last Monday may benefit trade and security in the region.

Dec 30, 2015 07:22 PM EST

WHO declares Guinea free of Ebola transmissions

WHO has declared that Guinea was free of Ebola transmission, after two years of Ebola outbreak in the country. The disease killed more than 11,000 people across 10 countries including Guinea.

Dec 30, 2015 03:05 AM EST

Energy investors hope forecasts by Saudi, Iran to go wrong

Energy investors and analysts feel that the price forecasts of Saudi Arabia and Iran are wrong. The realistic oil price may be $20 a barrel in short term if present oversupply persists. Saudi Arabia sees oil price at $29 a barrel and Iran at $40 in the near term. Saudi Arabia has slashed down its budget spending for 2016.

Dec 29, 2015 11:47 PM EST

Japanese steel output to remain flat in 2016, exports to soften

The steel inventories rose despite production cuts. The weakening demand is causing oversupply situation. The steel production levels may remain steady next year also. The iron and steel companies are suffering from decline in demand and rising inventories.

Dec 29, 2015 11:30 PM EST

Oil recovery in 2016 will strengthen Loonie

Analysts predict that oil prices may recover in 2016. This will also strengthen Canadian dollar Loonie. The commodity currency Loonie fell 20 percent against the US dollar throughout 2015.

Dec 29, 2015 09:14 AM EST

Elbit lands $70 million deal for airborne electronic warfare system

Israeli defense firm Elbit System was awarded a $70 million deal by the Directorate of Production and Procurement of the Israeli Ministry of Defense to supply airborne electronic warfare systems. Elbit will install its electronic warfare systems on Israeli Air Force jets over the next five years.

Dec 29, 2015 08:58 AM EST

Evergrande buys a series of new projects from New World China

Evergrande Real Estate Group Ltd. will buy $3.2 billion worth of projects from the Hong Kong billionaire Cheng Yu-Tung’s family-controlled companies.

Dec 29, 2015 09:12 AM EST

Volkswagen's Audi slows down spending plan 2016

German auto major Volkswagen has trimmed its investment plan for 2016. It has also decided to postpone the new wind tunnel project by one year. Audi division has decided to invest in plant and equipment.

Dec 29, 2015 08:36 AM EST

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