Business

Dollar Slips, Shares Weak As U.S. Budget Worries Weigh

The dollar fell and world shares held near a one-week low on Wednesday as concerns over a potential government shutdown in Washington and mixed signals on U.S. monetary policy kept investors on edge. A United States Senate vote is due...

Top Banks Have $155 Billion Capital Shortfall, Most In Europe

The world's biggest banks would need to boost their capital by 115 billion euros ($155 billion) to comply with tougher rules and more than 60 percent of that shortfall is in Europe, where lenders have been slower to strengthen. The...

Boeing Executives Meet Norwegian Air After Dreamliner Breakdowns

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Norwegian Air Shuttle (NWC.OL) will meet U.S. plane maker Boeing (BA.N) executives in Oslo on Wednesday to discuss the repeated technical problems with its two Dreamliners. "We expect them to take criticism seriously, take their share of responsibility and come...

GM’s Opel To Invest 130 Million Euro In German Car Parts Plant

General Motors' (GM.N) loss-making European brand Opel is investing 130 million euros ($175.4 million) in its German engine and parts plant in Kaiserslautern to buy new tooling and machinery, Opel said in a statement on Wednesday. The factory, opened in...

Samsung Dazzles Phablet Followers With More Girth, Size

Samsung Electronics Co Ltd is seeking to dazzle followers of the phablet with bigger screens, and even possibly with a curved one, in its attempt to fence off a segment of smartphones once mocked for their girth and size. Phablets,...

Reuters News Cancels Its Next Website Project

Reuters News is cancelling its next-generation website known as Reuters Next, a project that aimed to overhaul the existing Reuters.com. Andrew Rashbass, the chief executive of Reuters, said the project had struggled to meet deadlines and to stay within its...

South Korea Dumps Boeing Fighter Jet Tender, Lockheed Soars Back

South Korea's government bowed to public pressure on Tuesday and voted down a bid by Boeing (BA.N) to supply 60 warplanes, saying it would restart the multi-billion tender process to get a more advanced, radar-evading fighter. Lockheed Martin's (LMT.N) F-35A,...

Dubai Working On Rules To Avert Property Bubble

Dubai's government is working on new rules to protect its real estate market and prevent any excessive rise of property prices that could end in a crash, a senior official said on Tuesday. The bursting of a property bubble in...

Wall Street Opens Flat, Confidence Data Upcoming

U.S. stocks opened little changed on Tuesday ahead of data that could help investors interpret recent comments by Federal Reserve officials about the near future of its stimulus program. The Dow Jones industrial average .DJI fell 3.66 points or 0.02...

Facebook, Other Banned Sites To Be Open In China Free Trade Zone

Facebook, Twitter and other websites deemed sensitive and blocked by the Chinese government will be accessible in a planned free-trade zone (FTZ) in Shanghai. Citing unidentified government sources, the Hong Kong newspaper also said authorities would welcome bids from foreign...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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