Luxury-Jet Market Value Seen Slipping for First Time Since 2009

Global long-term spending on private jets is starting to slow for the first time since 2009 as slumping commodity prices sap demand in emerging markets, according to an industry forecast. Deliveries for the 11 years...

Israel Faces End of Decade-Long Housing Boom

By David Wainer Housing prices in Israel have been rising for so long that many residents don’t remember what it’s like when they fall. They may be about to find out. Signs are growing that...

European Investment Bank to finance Turkey’s mega rail project

The Turkish Treasury and the European Investment Bank (EIB) have signed a loan agreement amounting to 150 million euros ($183 million) to finance an ongoing mega rail project in Istanbul, according to an official...

China detected more than 1,560 cases of U.S.-related IP infringement this year

Reuters Staff BEIJING (Reuters) - China’s customs agency said on Thursday that it has detected more than 1,560 of cases intellectual property infringement on goods exported to the U.S. during two joint China-U.S. crackdowns this...

Juncker Investment Plan Questioned on Capital, Leverage

German Chancellor Angela Merkel said she supports the European Commission’s 315 billion-euro ($394 billion) investment plan “in principle” as businesses around Europe sounded a note of caution. “We stress that investments are important, but that it has...

Sharing economy: San Francisco becomes first major US city to legalize Airbnb

Nearly every US city currently bans short-term rentals in residential areas. Some see the San Francisco ‘Airbnb law’ as a practical shift, while others see it as further hurting neighborhoods. By Gloria Goodale, Staff writer In...

Asian shares extend losses after China prices cool

By Lisa Twaronite Asian shares tottered on Wednesday, extending losses after consumer inflation in China eased more than expected and heightened concerns about deflationary pressures in the world's second-largest economy. China's consumer price index (CPI) rose...

Alibaba shares could nearly double IPO price in a year: MKM

A second-day selloff in Alibaba shares didn’t worry analysts at MKM Partners, who believe there are a number of investment positives that could lead to a near doubling of the company’s share price during...

‘Big money’ to be made if stocks fail to stay near current highs: Gundlach

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that there is "big money" to be made on the "short side" if equities fail to stay near current highs. Gundlach, who oversees more...

Shanghai Peace Hotel Owner Buys Louvre Group in Expansion

Jin Jiang International Holdings Co., which owns Shanghai’s 85-year-old Peace Hotel, agreed to buy Groupe du Louvre in a bid to expand its global franchise. Jin Jiang signed an agreement with Starwood Capital Group to buy the...

Wall Street, Asian markets see dramatic rebound

The Dow Jones and Nasdaq recorded their strongest daily gains in nearly a decade. Tokyo's Nikkei index also soared after the news of the recovery. The Dow Jones Industrial Average made a remarkable comeback late...

Japan unveils new ‘Supreme’ bullet train

A new high-speed bullet train has been rolled out by the Central Japan Railway (JR Tokai). It will debut in 2020 on the Tokaido Shinkansen line, running between Tokyo and Shin-Osaka. According to JR Tokai,...

Toyota relinquishes top global sales spot to VW in 2016

Toyota Motor Corp's (7203.T) four-year run as the world's top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG's (VOWG_p.DE). Toyota said global sales across its...

Angela Merkel’s African business summit marred by protest

The German chancellor welcomed 11 African leaders to Berlin to introduce them to the CEOs of Germany's biggest firms. Outside, protesters demanded Germany stop doing business with dictatorships across the continent. "Africa is open for...

US not rich enough to give away money for free – Bill Gates

Microsoft co-founder and philanthropist Bill Gates said it’s too early to dish out money to needy people, though the billionaire accepts the idea of universal basic income (UBI).  “Over time countries will be rich enough...

Oman covering two-thirds of budget gap with foreign borrowing

MUSCAT: Oman’s government is covering between 60 and 70 percent of this year’s budget deficit via international borrowing such as eurobond issues, direct placements of debt and other instruments, the central bank’s executive president...

France Discusses Ban Of Imported U.S. Shale Gas

After French media accuses government of hypocrisy, French Energy Minister Segolene Royal is discussing with French parliament a potential ban on the import of U.S. shale gas. The issue arose out of concerns expressed by...

Wintershall, Gazprom eyeing Iran partnership

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran.  The announcement was made by Thilo Wieland, a member...

Global Stocks Mixed on Crude Resurgence, Greek Risks

  Global stocks were mixed Monday, with Wall Street optimistic on a crude resurgence, while investors in Southern Europe, namely, Spain and Italy, were pessimistic amidst the winds of change blowing from Greece, and Asia-Pacific...

Trial Questioning Legality of AIG Bailout to Begin

by Reuters  One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American...