Lion Air plane had airspeed problem on flight prior to crash in Indonesia, says official

The Lion Air Boeing 737 MAX 8 plane that crashed with 189 people on board on Monday had technical problems on its previous flight, including "unreliable airspeed", an official of Indonesia's national transportation safety com

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BPCL to shut crude unit, secondary capacity at Kochi refinery in December

India's state-run Bharat Petroleum Corp will shut a 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for about three weeks from early December for maintenance, its head of refineries sai

Commodities News

Lion Air plane crash: Indonesian Boeing 737 MAX jet flew erratically the day before accident

The Lion Air Boeing 737 MAX jet that crashed in Indonesia on Monday morning flew erratically during a flight the previous evening when it experienced a "technical problem", according to data from flight-tracking website Fligh

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Sony predicts big jump to record annual profit on winning gaming strategy

Japan's Sony Corp boosted its annual profit outlook by 30 percent to a record level after a strong second-quarter, propelled by popular game titles like "Marvel's Spider-Man" as well as growing demand for its online gaming se

Sony predicts big jump to record annual profit on winning gaming strategy

Dollar stands tall as China jitters drive safe-haven trades

The dollar firmed against its rivals on Tuesday, supported by a safe haven bid as rising trade tensions and fears of a slowdown in global economic growth weighed on investors' appetite for risk assets.

dollar, world market, trade tensions, trade war, Japanese yen, US dollar, monetary policy, Japan monetary policy, market News

Asian shares under pressure as US-China trade tensions escalate

Asian shares came under pressure on Tuesday with Chinese markets and the yuan falling, hurt by fresh worries about the intensifying Sino-U.S. trade war and tracking losses in Wall Street indexes.

share market, trade wars, US, china, US-China trade,US-China trade war, Chinese markets, market News

Wall Street tumbles as US-China trade war heating up, S&P nears correction

U.S. stocks fell on Monday in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018.

wall street, US stock market, US-China, trade wars, US-China trade war, S&P, S&P rating, market News

Brent crude prices fall on rising supply, global market woes

Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.

crude oil, Brent crude, crude oil prices, global stock markets, global supply, commodities, world news

Mukesh Ambani’s Reliance Industries faces oil shock at home after years of global success

Reliance Industries , currently India's second most valuable listed company, got rich by trading fuel across Asia, Africa and Europe while effectively ignoring its home market.

Industry News

HSBC sees little impact on Saudi Arabia investment after journalist Jamal Khashoggi murder, says CEO John Flint

Saudi Arabia is unlikely to see significant impact on its foreign trade and investment flows following the killing of journalist Jamal Khashoggi, the chief executive of Europe's biggest bank HSBC said on Monday.

Industry News

OnePlus 6T launch to mark OnePlus’ entry into US: How Chinese firm is finally entering smartphone market ruled by Apple

A five-year old Chinese smartphone company whose high-end products are little known outside a tech-savvy niche is entering the US market on Monday with the backing of two key local allies: chipmaking giant Qualcomm and mobile

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Indonesia plane crash: Lion Air CEO Edward Sirait says aircraft had technical problem in previous flight

An Indonesian Lion Air plane that crashed into the sea shortly after taking off from Jakarta on Monday had a technical problem on a previous flight, but it had been resolved according to procedure, the company's chief executi

World News

Lion Air plane crash: Indonesia says crashed flight with 189 aboard feared sunk

An aircraft with 189 people on board is believed to have sunk after crashing into the sea off Indonesia's island of Java on Monday, soon after takeoff from the capital, headed for a key tin-mining region, officials said.

World News

Indonesia plane crash: Lion Air says crashed aircraft with 189 aboard was airworthy

A plane with 189 aboard that crashed on Monday north of Indonesia's island of Java was airworthy, and had only been operated by Lion Air Group since August, the company said.

World News

Indonesia’s Lion Air with 188 people crashes in Java Sea, wreckage found

Indonesia's search and rescue agency said on Monday that a Lion Air passenger flight from Jakarta, the capital, to the city of Pangkal Pinang off the island of Sumatra, had crashed into the sea.

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Not received any subpoena on Tesla Model 3 production: Tesla

Any focus on Tesla's past statements about Model 3 production targets would broaden the probe by the agency, which Tesla said last month was looking at statements made by Chief Executive Elon Musk about a go-private deal that

Car News

Robots to make robots at ABB’s new $150-million factory in China

Robots will make robots at a new ABB factory in China, which the Swiss engineering group plans to build for $150 million in Shanghai.

robots, china News

Ireland re-elects president, set to dump blasphemy law

Irish voters overwhelmingly backed the lifting of a constitutional ban on blasphemy, exit polls said Saturday, the latest reform relaxing the devout nation's historic ties to the Catholic Church.

World News

Hassan Rouhani reshuffles economic team, says US isolated against Iran

The reshuffle, approved in a parliamentary session carried live on state TV, also brought in new industry, labor and roads ministers.

World News

Vatican meeting ends with call for greater role for women in Church

The role of women took center stage at the synod, which was focused on reaching out to young people but has been overshadowed by the scandal over sex abuse in the Church and acrimony between social conservatives and reformers

World News

What is Gab? The site used by Pittsburgh synagogue shooting suspect?

Gab is a popular gathering place for alt-right activists and white nationalists whose views are unwelcome or banned on other social media platforms.

World News

China’s industrial profits growth dips for fifth consecutive month as orders wane

Profit growth at China's industrial firms slowed for the fifth consecutive month in September.

china, chinese economy, chinese prodiction, industrial production News

FOREX-Dollar topples from two-month high as Wall Street worries persist

The U.S. dollar followed Wall Street lower on Friday, falling from the two-month high hit earlier in the day after news of stronger-than-expected third-quarter gross domestic product.

Markets News

Microsoft overtakes Amazon as second most valuable U.S. company

Microsoft Corp regained its spot as the second most valuable U.S. company on Friday after a disappointing quarterly report from wiped $65 billion off the online retailer's market capitalization.

Industry News

Formula 1 Mexican Grand Prix: Mercedes new wheel rim design cleared: Advantage Team Mercedes?

Lewis Hamilton is poised to win his fifth championship in Mexico, needing only to finish seventh for Mercedes while Ferrari rival Sebastian Vettel must win to have any lingering chance

Car News

14 kindergarten children injured in China as woman attacks them with knife

A knife-wielding woman attacked children at a kindergarten in China's southwestern city of Chongqing on Friday, injuring 14 of them.

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India, China aim to hold army drills in Beijing by end of 2018

China and India aim to hold joint army drills in China before the end of this year, China's Defence Ministry said on Thursday, as the two countries continue a rapid rapprochement.

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