China defense budget rise to defy slowing economy

China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets.


HBO in talks with Apple to launch video streaming service: report

HBO is in talks with Apple Inc to be its launch partner for the highly anticipated HBO Now video streaming service, according to a report in Wednesday's International Business Times.

Qatar Airways interested in more airline stakes

Qatar Airways would like to raise its stake in the owner of British Airways and Iberia at some point and may invest in other well-run airlines, its chief executive said on Wednesday.

Fed's Evans wants no rate hikes until early 2016

The Federal Reserve should wait until next year before raising interest rates or risk undermining the very recovery it has helped engineer, a top U.S. central banker said on Wednesday.


Latest News

Toyota Motor Corp (7203.T) on Wednesday promoted more foreigners to senior posts, including the first woman and first African-American to hold executive titles, diversifying a management team long dominated by Japanese men.
Saudi Arabia's oil minister said on Wednesday he expected oil prices, which hit a near six-year low in January, to stabilize, signaling cautious optimism about the market outlook.
German carmakers are shifting their focus toward high-end electric vehicles such as the Audi R8 e-tron and away from cheap city cars, in the latest effort to revive environmentally-friendly but unpopular zero-emission vehicles.
Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.
International Business Machines Corp said on Wednesday it had acquired AlchemyAPI, a fast-growing startup selling software that collects and analyzes unstructured text and data in ways big enterprises, website publishers and advertisers find useful.
Applications for U.S. home mortgages edged up last week as interest rates dipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.1 percent in the week ended Feb. 27.
Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's oil minister said he expected the oil market to balance itself.
Apple Inc (AAPL.O) is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division.
Global equities pulled back from recent record highs on Wednesday, with investors turning cautious after underwhelming euro zone PMI data and ahead of central bank meetings.
In a smart building in an upscale neighborhood of Gaza City, Salah El-Zanin is seeing a growing number of clients. Trained in Greece, he is the only plastic surgeon in Gaza with European qualifications, and his business is booming.