Saab puts maritime spy kit on two new Bombardier planes
SINGAPORE (Reuters) – Sweden’s Saab said on Wednesday it plans to put its Swordfish maritime patrol system on two new aerial platforms as demand rises for ways to tackle maritime threats, including the proliferation of submarines.
Zika vaccine shows promise in mice, lifting maker Inovio
(Reuters) – Hopes of developing a vaccine against Zika took a small step forward on Wednesday as Inovio Pharmaceuticals Inc said its experimental shot had induced a robust and durable response in mice.
U.S. housing starts, building permits fall in January
WASHINGTON (Reuters) – U.S. housing starts unexpectedly fell in January likely as bad weather disrupted building projects in some parts of the country, in what could be
Insight: Lost in translation – Wal-Mart stumbles hard in Brazil
CAMPO GRANDE, Brazil/BENTONVILLE, Arkansas (Reuters) – When Wal-Mart Stores Inc. first expanded into Brazil’s midwestern farm-belt city of Campo Grande seven years ago, the economy was booming and executives were eager to open stores even in sub-prime …
Airbus to keep border security unit in defense electronics sale
FRANKFURT/SINGAPORE (Reuters) – Airbus Group has excluded its border security business from the planned sale of its defense electronics unit, whose sale may now go ahead within weeks, defense and space workers at the European company were told on Wedne…
Iranian banks reconnected to global payments network
DUBAI (Reuters) – Global transaction network SWIFT has reconnected a number of Iranian banks to its system, allowing them to resume cross-border transactions with foreign banks after the lifting of sanctions on Tehran, a SWIFT official said.
Iran says will resist curbs on oil output as part of global pact
ANKARA/DUBAI (Reuters) – Iran said on Wednesday it would resist any plan to restrain its oil output as fellow OPEC ministers tried to persuade the country to join the first global oil pact in 15 years.
China’s Perfect World to fund Universal movies in $250 million deal
SHANGHAI (Reuters) – Chinese film company Perfect World Pictures Co Ltd will invest $250 million into a slate of Universal Pictures movies, extending the tie-ups between China and Hollywood, as the world’s second largest economy sees its box office soa…
With recession lights amber, brittle markets vulnerable to all shocks
LONDON (Reuters) – Financial markets that predicted eight of the last six recessions may be yet be wrong again, but market stress itself is now part of the calculus and leaves the world more open to left-field shocks.
China’s Okay Airways in commitment for Boeing 737 jets worth $1.3 billion
SINGAPORE (Reuters) – China’s Okay Airways has signed a commitment for 12 Boeing 737 jets worth $1.3 billion at list prices, as the privately owned carrier looks to expand its fleet to tap the mainland’s growing air travel market.
