Vietnam sees 2016 growth at 6.2 pct, aided by building boom
A shoeshine man walks past a Prada fashion store in downtown Hanoi, Vietnam, Wednesday, Dec. 28, 2016. Vietnam's economy is forecast to grow 6.2 percent in 2016, helped by a manufacturing and building boom. The General Statistics Office said ...>> view originalWritedown fears wipe $5 billion off Toshiba's value as it weighs options
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo Thomson Reuters By Makiko Yamazaki TOKYO (Reuters) - A looming writedown at Japanese conglomerate Toshiba Corp has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole. Toshiba said late on Tuesday that cost overruns at a U.S. nuclear business it bought from Chica..>> view originalAirbus's A380 Woes Deepen as Top Buyer Emirates Delays Jets
Airbus Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft over the next two years to Emirates, the double-decker’s biggest customer.The delay stems from an agreement between Emirates and engine supplier Rolls-Royce Holdings Plc, Airbus said late Tuesday, adding that it will accelerate cost cuts at the unit to make up for the financial drag. Handovers of six A380s apiece that were originally planned for 2017 and 2018 will be shifte..>> view originalWoman Arrested for Walking Across US-Canada Border
U.S. Border Patrol agents arrested a Canadian woman who was walking across a field from Canada into America. According to the U.S. Customs and Border Protection, agents reported seeing Jennifer Roy-White allegedly walking in a field southbound into ...>> view originalTrump Takes Credit for Bump in Consumer Confidence
FILE - In this Dec. 16, 2016 file photo, President-elect Donald Trump speaks during a rally in Orlando, Fla. Donald Trump hammered rival Hillary Clinton during the campaign for failing to prevent the attack on the U.S. mission in Benghazi, Libya when ...>> view originalUS Charges Three Chinese Traders With Hacking Law Firms
Three Chinese traders earned more than $4 million in illegal profits after they hacked into the computer systems of prominent U.S. law firms and stole nonpublic information on mergers and acquisitions, according to a federal indictment unsealed on Tuesday. The allegations are the latest alarm bell for law firms, which have long been considered...>> view originalDollar stirs from slumber as yield gap yawns
LONDON The dollar, oil and world stocks all rose on Wednesday following upbeat U.S. data that saw the gap between Treasuries and other benchmark global government bonds hit new highs.Europe's main stock market, London's FTSE .FTSE, reopened with a gain of 0.25 percent as it played catch-up after similar run-ups in Germany .DAX and France .FCHI the previous day and by Wall Street [.N] and Asia [.T] overnight.The dollar .DXY also edged higher after U.S. consumer confidence shot to its highest in..>> view originalU.S. Stocks Near Record as Oil Gains, Bonds Fall: Markets Wrap
U.S. stocks traded near a record high amid thin trading as oil posted its longest winning streak in four months. Treasuries fell amid soft demand in an auction of two-year notes. The most important market news of the day. Get our markets daily newsletter. Business Your guide to the most important business stories of the day, every day. You will now receive the Business newslet..>> view originalJapan's economy may see a light at the end of the tunnel, and it's not a train
Japan's industrial production data, released on Wednesday, may have offered a light at the end of the tunnel for the long stagnant economy. In November, industrial output rose 1.5 percent on month, just a tad below the Reuters forecast for a 1.6 percent rise, up from a flat reading in October. But the big positive was in the details, particularly in inventories, which fell 1.5 percent on-month and 4.8 percent on-year. Izumi Devalier, head of Japan economics at Bank of America-Me..>> view originalQualcomm Faces $853 Million Fine From South Korea Over Alleged Antitrust Violations
SEOUL—A South Korean regulator said it would fine Qualcomm Inc. about $853 million for alleged antitrust violations, the highest such penalty handed to an individual company here, as the U.S. chip maker faces global scrutiny over its patent-licensing business. After a three-year investigation, the Korea Fair Trade Commission said on Wednesday that Qualcomm breached antitrust law by limiting competing chip makers’ access to its patents. The company also forced mobile-phone manufacturers into unf..>> view original
Sunday, January 8, 2017
Vietnam sees 2016 growth at 6.2 pct, aided by building boom and other top stories.
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