China third quarter GDP grows 6.7 percent as expected as construction booms, debt rises
BEIJING (Reuters) – China’s economy expanded at a steady 6.7 percent in the third quarter and looks set to hit Beijing’s full-year target, fueled by stronger government spending, record bank lending and a red-hot property market that are adding to its …
Australia air freight crunch hits flights of fancy foods
SYDNEY – An unprecedented shortage of air cargo space, after years of booming exports to Asia, is forcing Australian producers of top-end foods to potentially miss out on hundreds of millions of dollars in sales of everything from lobster to cherries.
Another quarter of weak results looms for U.S. refiners
NEW YORK (Reuters) – U.S. independent refiners such as PBF Energy and Phillips 66 are expected to report another quarter of disappointing profits in coming weeks, as hopes that a record summer driving season would turn the industry’s fortunes around …
White House seeks to answer complaints of aggrieved air travelers
WASHINGTON (Reuters) – The White House announced efforts on Tuesday to improve air travel by requiring airlines to refund baggage handling fees if luggage is “substantially delayed” and requiring online travel agents to provide neutral search results.
Samsung faces potential class action in U.S. over Note 7
(Reuters) – Samsung Electronics Co Ltd’s U.S. unit is facing a proposed class action lawsuit from three Galaxy Note 7 customers, according to a filing in a federal court in Newark, New Jersey.
Fiat Chrysler recalls vehicles in the U.S., Canada and Mexico
(Reuters) – Fiat Chrysler Automobiles NV said it is recalling about 74,833 vehicles in the United States to replace the alternators because of a problem that could result in engine stall or a vehicle fire.
Ecuador bank’s suit against Wells Fargo over cyber heist can go forward: ruling
(Reuters) – A lawsuit by an Ecuadorean bank alleging that Wells Fargo & Co is liable for authorizing the transfer of $12 million stolen in a 2015 cyber heist can go forward, a U.S. judge ruled on Tuesday.
China third-quarter economic growth seen steadying but property, debt key risks
BEIJING (Reuters) – Fueled by government spending and a housing frenzy, China’s economic growth likely steadied at 6.7 percent in the third quarter, but slumping private investment, surging debt and the risk of a property correction are keeping the gov…
Yahoo profit beats Wall St., some analysts worry over effect of hack
SAN FRANCISCO (Reuters) – Yahoo Inc reported better-than-expected quarterly adjusted profit on Tuesday, a boost for the beleaguered company whose deal to sell its core business to Verizon Communications Inc has been shaken by a massive data breach.
Intel’s results beat estimates; forecast disappoints
(Reuters) – Intel Corp reported better-than-expected quarterly earnings and revenue, boosted by improving PC demand and growth in its data center and cloud businesses, but its revenue forecast for the current quarter disappointed Wall Street.
