United States

Blackstone to sell Manhattan skyscraper for about $2.25 billion

Blackstone Group LP has reached a deal to sell a Manhattan office tower for about $2.25 billion to a venture led by Canadian property investor Ivanhoe Cambridge, the Wall Street Journal reported, citing people familiar with the terms of the sale.

Read Full Article

NRG betting big on rooftop solar in California

U.S. power company NRG Energy Inc aims to grab a bigger piece of the residential solar industry by expanding its business in California, the nation's biggest solar market, and offering a new financing option to its customers.

Read Full Article

Iran uses China bank to transfer funds to Quds-linked companies – report

There is no trace of Shenzhen Lanhao Days Electronic Technology Co Ltd at its listed address in the beige and pink-tiled "Fragrant Villa" apartment complex in this southern Chinese city. The building's managers say they’ve never heard of it.

Read Full Article

Many of China's TV shows, films are rubbish, minister says

Many of the television shows, movies and publications produced in China each year are rubbish, and the solution is to banish decadent themes and concentrate on uplifting social values instead, a senior government minister has said.

Read Full Article

As Takata air bag recall toll mounts, focus shifts to risks to family control

As Takata Corp comes under scrutiny for air bag defects, bankers are weighing up the potential fallout for the Japanese family behind the 81-year-old company, and the third-generation CEO who controls it.

Read Full Article

Toyota aims to replicate Prius success with fuel cell Mirai

Toyota Motor Corp on Monday said it will introduce its first mass-market fuel cell car in the United States next year, hoping to replicate the success of its Prius hybrid with a vehicle that runs on hydrogen instead of gasoline.

Read Full Article

Dubai's Souq.com plans "Black Friday" equivalent to help boost sales growth

Dubai-based Souq.com, one of the Middle East's largest e-commerce businesses, aims for high double-digit revenue growth as it introduces "Black Friday"-type discount events to help lure shoppers from the city's retail malls.

Read Full Article

Spotlight falls on Europe's stuttering economy

As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession.

Read Full Article

Chinese team arrives in Liberia to staff Ebola clinic

About 160 Chinese health workers arrived on Saturday in Liberia, where they are due to staff a new $41 million Ebola clinic that, unlike most other foreign interventions, is being built and fully run by Chinese personnel.

Read Full Article

Putin says Russia won't demand early repayment of $3 billion lent to Ukraine

Russia does not intend to demand early repayment of $3 billion which it lent to Ukraine last year, President Vladimir Putin said in an interview with German TV channel ARD, a transcript of which was released by the Kremlin on Saturday.

Read Full Article

FDA says expects China to OK staff visas after two-year delay

The U.S. Food and Drug Administration said on Friday it expects China, after almost two years of delays, to soon approve visas that will allow the agency to more than double its staff in China.

Read Full Article

U.S. loosening of rule to allow condensate exports started in 2013

More than a year ago, U.S. regulators quietly gave a small company permission to export lightly processed oil known as condensate - a previously unreported ruling that could further strengthen the hand of big energy companies pushing hard to chip away at a 40-year-old ban on domestic crude exports.

Read Full Article

U.S. data points to strong spending ahead of holiday shopping frenzy

Most U.S. retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace.

Read Full Article

Virgin America soars in market debut

Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared more than 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence.

Read Full Article

Ukraine takes center stage as leaders gather for G20 summit

The G20 leaders summit in Australia starting on Saturday is setting up as a showdown between Western leaders and Russian President Vladimir Putin, following fresh reports of Russian troops pouring into eastern Ukraine.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics