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US dollar surges, tops 100 yen first time in 4 years
NEW YORK: The US dollar surged on Thursday against major currencies, topping the 100-yen level for the first time in four years, helped by new jobs data adding to confidence in the US economy. The US dollar jumped to 100.55 yen at 2100 GMT, up from 99.01 late Wednesday, in a long-expected move above the 100 threshold as the ...Full Article
California sues JPMorgan over debt-collection fraud
WASHINGTON: The US state of California filed suit Thursday against JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit-card customers and misusing the court system to harass ...Full Article
IMF sees no immediate need for Greek debt haircut
WASHINGTON: The International Monetary Fund on Thursday dismissed the idea of a fresh debt write-down for Greece and said the country could receive its next bailout instalment in early ...Full Article
India’s Jet set to order over 100 planes: consultancy
NEW DELHI: Indian carrier Jet Airways is expected to place orders for more than 100 planes from Boeing and Airbus at the Paris Airshow in June, a top aviation ...Full Article
Incoming WTO boss Azevedo pushes back on protectionism
GENEVA: Trading nations must battle protectionism and inject life into stalled negotiations on liberalising global commerce, incoming WTO head Roberto Azevedo said Wednesday. Azevedo, whose homeland of Brazil has ...Full Article
One-time gains boost News Corp profit to US$2.85b
NEW YORK: News Corp said Wednesday profit in the past quarter tripled to US$2.85 billion, boosted by a one-time gain from its German satellite TV operations, and improvements in ...Full Article
BMW recalls 220,000 vehicles over airbag flaw
BERLIN: German luxury carmaker BMW has issued a recall of 220,000 vehicles because of a defect in Japanese-made airbags installed over a decade ago, a spokesman confirmed Tuesday. The ...Full Article
Dow closes above 15,000 for first time
NEW YORK: The blue-chip Dow Jones Industrial Average Tuesday closed above 15,000 for the first time as investor optimism about the US economy bolstered equities like Caterpillar. The Dow ...Full Article
Pressure builds to split JPMorgan CEO, chair roles
NEW YORK: A leading shareholder advisory group Tuesday urged JPMorgan Chase shareholders to end chief executive Jamie Dimon’s tenure as chairman and fire a majority of the company’s board ...Full Article
Brazil’s Azevedo wins WTO leadership race
GENEVA: Brazil’s Roberto Azevedo on Tuesday won the race to take helm of the World Trade Organization, confirming the Latin American giant’s new status as a global power. Azevedo ...Full Article