HSBC (HSBA) Reports Lower-Than-Expected Full-Year Profits, Surprise Q4 Pretax Loss
In 2015, the London-based bank reported a pretax profit of $18.87 billion — a slight increase over $18.7 billion in 2014.
Iranian Bank’s Damages Claims Against UK Bolstered By EU Court Ruling
The European Court of Justice on Thursday ruled that Bank Mellat had been unfairly targeted with sanctions.
Nepal Prime Minister Khadga Prasad Sharma Oli Seeks To Strengthen India Ties With 6-Day Trip
The stated aim of the visit — the first foreign trip by the newly-elected prime minister — is to bring frayed bilateral ties “back on track,” the Nepalese leader said.
Rare Dolphin Allegedly Dies In Argentina After Being Passed Around For Selfies
The Franciscana dolphin, classified as vulnerable, allegedly died after being passed around by a group of tourists at the Santa Teresita beach.
Ted Cruz ‘Birther’ Case To Be Heard In Chicago Court Friday: Reports
On Friday — a day before the South Carolina primary — a Chicago court will hear a lawsuit challenging Cruz's eligibility for the presidency.
Obama's Climate Envoy Warns Of ‘Diplomatic Consequences’ If US Reneges On Paris Accord
Speaking to reporters Thursday, Todd Stern warned of “diplomatic consequences” if a new president failed to meet the country's climate change commitments.
IBM, XPrize Announce Artificial Intelligence Competition With $5 Million Prize Money
In order to encourage “landmark breakthroughs” in creation of artificially intelligent machines, IBM and the nonprofit XPrize announced Wednesday a $5 million competition for AI developers.
People’s Bank Of China Ramps Up Frequency Of Open Market Operations To Boost Short-Term Liquidity
Open market operations will allow the bank to exercise greater flexibility over short-term liquidity in the country’s financial system.
Near-Earth Asteroids Die Much Before They Reach The Sun, Study Reveals
A study has revealed that near-Earth asteroids end their lives vanishing in a drawn out, long and hot fizzle much farther from the sun than previously thought.
Venezuela Hikes Fuel Prices By 6,000%, Devalues Currency To Tackle Economic Crisis
The Venezuelan President said that the price of premium gasoline would be raised 6,000 percent to boost the nation’s battered economy.
Ingram Micro (IM) To Be Acquired By China's HNA Group For $6B
The California-based electronics distributor will be acquired for $6 billion by the Tianjin Tianhai Investment Company — a unit of China's HNA group.
Bombardier To Slash 7,000 Jobs Over Next Two Years As Earnings Fall
The job cuts, which will take place over the next two years, will mostly impact employees in Canada and Europe.
Taiwan’s Economy Slides Deeper Into Recession, Contracts 0.52% In Q4 Of 2015
The island nation’s economy contracted more than expected in the fourth quarter of 2015, as cooling demand from China, its biggest market, hurt exports.
ABN Amro’s Q4 Profit Drops 32% On Rising Regulatory Costs
The Dutch lender reported a 32 percent yearly drop in fourth-quarter net profit, as regulatory costs rose to $247 million from $101.2 million a year ago.
China To Relocate Over 9,100 People To Make Way For Giant Alien-Hunting Telescope
Over 9,100 people will be relocated from within a three-mile radius of the telescope to “create a sound electromagnetic wave environment.”
Singapore Airshow: Boeing Signs $1.3B Deal With China's Okay Airways For 737s
The agreement, signed at the Singapore Airshow Wednesday, is subject to approval of the Chinese government.
US Stocks Poised For Tuesday Rally Despite Dashed Hopes Of Oil Supply Cut
Stock futures were broadly higher early Tuesday, suggesting that U.S. bourses are likely to extend their Friday rally.
Earth’s Rarest Minerals Categorized In New Study, Could Yield Secrets About Planet’s Creation
For the first time ever, scientists have painstakingly listed out 2,500 minerals that are found only at five places or fewer on Earth.
Anglo American’s (AAL) Losses Deepen To $5.6B After Commodity Rout Forces Write-Downs
The mining giant reported a pretax loss of $5.5 billion in 2015, compared with $259 million in 2014.
Project Loon: Google's Balloon-Powered Internet Service To Begin Tests In Sri Lanka
The project, in development since mid-2011, aims to provide internet access to remote regions of the world through a ring of helium-filled balloons.
General Electric (GE) Sent Oil And Gas Chief To Iran To Explore ‘Potential Business Opportunities:’ Report
According to the Wall Street Journal, the CEO of the American giant's oil and gas subsidiary recently visited Iran to look at "potential business opportunities."
Climate Change Remains A Confusing Topic For Many American School Teachers, Study Finds
At least one in three American school teachers are telling students that climate change “is likely due to natural causes,” a study revealed.
Obama To Designate 3 New National Monuments Covering 1.8 Million Acres Of California Desert
The announcement, which will be made Friday, will expand federal protection to 1.8 million acres of landscapes in the California desert.
Morgan Stanley To Pay $3.2B For Misleading Investors About Mortgage-Backed Securities
The Wall Street bank acknowledged that it sold toxic mortgage-backed securities to investors in the run-up to the 2008 subprime mortgage crisis.
European Stocks Buck The Trend, Rally After Overnight Asia Rout
The rout in the Asian stock markets Friday was led by Japan’s benchmark Nikkei 225 Index, which slumped to its lowest level in more than a year, but several European indexes rose.
Refugee Crisis: NATO To Begin Naval Patrols In Aegean Sea To Combat Human Trafficking
The NATO ships will conduct “reconnaissance, monitoring and surveillance” in the region that has, over the past year, become a hotbed of human trafficking.
Gravitational Waves: Everything You Need To Know Before Thursday's Big Announcement
The rumor mill is abuzz that scientists may finally have discovered gravitational waves. Here's what you need to know before Thursday's big announcement.
Facebook Shuts Down Controversial ‘Free Basics’ Service In India After Regulatory Setback
Earlier this week, the Indian telecom regulator ruled against the service, which aims to offer subscribers free access to certain services.
Rio Tinto (RIO) Announces Net Loss For 2015, Trims Dividend Payout
In 2015, the U.K.-based mining company slid to a net loss of $866 million after earning $6.53 billion in profits a year earlier.
Clean Power Plan Setback Will Not Affect US Emission Reduction Commitments, White House Says
Tuesday's decision by the Supreme Court to temporarily block the ambitious plan has cast doubts over whether the U.S. would be able to meet its climate pledges.