President Nicolas Maduro is funneling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters.
Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies.
Air Canada said on Thursday it was using the down time with its pilots who fly Boeing Co's MAX planes to review various aircraft systems, alternative flight conditions on the aircraft type and maintain their qualifications.
One of President Donald Trump's prospective Federal Reserve nominees, businessman Herman Cain, said on Thursday he was not withdrawing from consideration for the post, although his chances of winning the Senate's needed approval appear dim.
SINGAPORE: India’s Jet Airways was finally grounded on Wednesday (Apr 17) after a long battle against losses and debt. This came after the release of a stock exchange statement a day earlier, in which the carrier said it faced a “critical liquidity position” and that its operations “have been ...
NEW YORK: Wall Street stocks finished modestly higher on Thursday (Apr 18) following a batch of mostly solid corporate earnings and a successful market debut of technology company Pinterest. The Dow Jones Industrial Average advanced 110.00 points (0.42 per cent) to 26,559.54. The broad-based S&P ...
Once a star in the water treatment industry, Hyflux had been struck by a series of unfortunate events and some think its fate is sealed, say NUS Business School Ruth Tan and Zhang Weina.
The initial earnings results of this reporting period are beating expectations by a wide margin, suggesting to some investors that the S&P 500 may be able to avoid a so-called "profit recession" this year because predicted economic bad news has failed to materialize.
U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico's US$50 billion offshore banking industry, according to four sources and a document seen by Reuters.
American Media Inc (AMI) is selling its tabloid the National Enquirer for US$100 million to James Cohen, chief executive of Hudson News , the Washington Post reported on Thursday, citing people familiar with the agreement.
