Business


China's New Airliner Sets Sights on Boeing and Airbus

Comac is a state-owned Chinese company and symbolises the government's desire to break into the commercial aviation space. Six C919 jets, the nation's first domestically developed single-aisle passenger aircraft, will be assembled for the flying tests before its commercial operation, which is scheduled around 2020, said Fu Guohua, deputy chief designer for C919.


Banks cut home loan rates, check special discount for women

Banks cut home loan rates, check special discount for women

After ICICI Bank's rate revision earlier yesterday - HDFC also cut its interest rates by the evening. In a bid to boost affordable housing loan segment, HDFC on Monday followed suit of its rivals and lowered its home loan prices by 15 bps to 8.35 per cent for women borrowers and by 10 bps for men up to Rs30 lakh.


Govt announces Auckland house-building blitz

Govt announces Auckland house-building blitz

Adams said 8300 rundown houses on Crown land would be replaced with 34,000 new homes. "We are building more social houses for Aucklanders and helping provide a pathway into independent, affordable housing", she says. "These houses will be for our most vulnerable families, for first-home buyers, and for the wider market". Labour leader Andrew Little also announced a crackdown, under a Labour-led government, on the "negative gearing" tax treatment that allows landlords to offset losses on ...



U.S. accuses Syria of mass executions and burning the bodies

Jones, acting assistant secretary of state for near eastern affairs, said officials believed that the crematory had been constructed so that little evidence exists of the thousands of people who are executed every year at the Sednaya Prison complex.


Oil stable on expectations of extended OPEC-led production cut

Oil stable on expectations of extended OPEC-led production cut

If this latest OPEC/NOPEC tactic to talk prices up succeeds, USA producers will feel more comfortable to increase production with WTI prices closer to US$50 than US$40 or lower. U.S. West Texas Intermediate (WTI) crude was at $48.64 per barrel, up 80 cents, or 1.7 percent. Russian Federation and Saudi Arabia , the largest of the 24 nations that agreed to a deal to cut production for six months starting in January, are reaffirming their commitment to the deal amid growing doubts about its ...


AK Steel Holding's (AKS)

AK Steel Holding's (AKS) "Market Perform" Rating Reaffirmed at Cowen and Company

The Company, through its subsidiaries, provides program management, engineering, construction, maintenance and installation services for telecommunications providers, underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities.