Exclusive: Iran to land first Airbus jet within weeks under sanctions pact
PARIS Iran expects to get its first new jet within weeks under a multi-billion-dollar deal with Airbus for 100 planes, a senior official said on Monday, as Tehran and Western firms race to reopen trade almost a year after sanctions were lifted.The first of the Airbus jets should be delivered in mid-January, part of plans to buy or lease 200 planes to renew IranAir's decaying fleet, against a backdrop of conservative criticism in both Washington and Tehran of last year's international sanctions..>> view originalApple Fights $13.6 Billion Tax Bill as EU Lifts Lid on Case
Apple Inc. has set up a court battle with European Union competition watchdogs who ordered Ireland to claw back a record 13 billion euro ($13.6 billion) in unpaid taxes from the iPhone maker.The U.S. tech giant said Monday it formally appealed the EU’s August decision to the EU’s General Court in Luxembourg, as the European Commission and Ireland separately published details of their own arguments in the case.In an order that reverberated across the Atlantic, the EU slapped Apple with the multi..>> view originalUkraine's largest bank rescued by state, prompts call for calm
KIEV Ukraine took over its largest bank on Monday in a move backed by Kiev's international donors to protect the country's financial system and accompanied by an appeal for calm and assurances to depositors from President Petro Poroshenko.In one of the biggest shake-ups of the war-torn country's banking system since Ukraine plunged into economic and political turmoil more than two years ago, the central bank said that PrivatBank had not fulfilled its recapitalization program.Risky lending prac..>> view originalGerman growth significantly higher in the fourth-quarter: Bundesbank
FRANKFURT German economic growth is expected to have accelerated significantly in the fourth quarter and inflation, depressed for years, may exceed 1 percent this month on the back of higher oil prices, the Bundesbank said on Monday.Growth, sluggish for most of the second and third quarters, was seen picking up on better industrial production, solid construction output and buoyant private consumption supported by optimistic sentiment, the central bank said in a monthly report. The Bundesbank's..>> view originalDollar Drops Versus Yen as European Stocks Slide; Gold Rises
A cautious tone spread through financial markets as the last full week trading in 2016 began. The yen gained with gold, and defensive stocks climbed in Europe, bucking wider losses in shares. The most important market news of the day. Get our markets daily newsletter. Business Your guide to the most important business stories of the day, every day. You will now receive the Bus..>> view originalEuropean markets lower; BMPS 8% down; Yellen speech eyed
Oil Extends Advance Above $52 as Libyan Output Comeback Stalls
Oil extended gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the OPEC member that’s exempt from output cuts. The most important market news of the day. Get our markets daily newsletter. Business Your guide to the most important business stories of the day, every day. You will now receive the Business newsletter ..>> view originalHow One Couple Fought For The Legal Right To Leave A Bad Yelp Review
Scott Eells/Bloomberg via Getty Images Scott Eells/Bloomberg via Getty Images The story of a new law starts with some online Christmas shopping gone wrong. In the winter of 2008, John Palmer of Layton, Utah decided to buy his wife Jen a couple of holiday tchotchkes. Things like desk toys and keychains. The order, from the online retailer KlearGear, never arrived. After a testy back and forth with the company..>> view originalVolkswagen Faces Deadline in Possible Emissions Scandal Deal
Volkswagen is facing a deadline to tell a federal judge in San Francisco whether it has reached a deal with U.S. regulators and attorneys for car owners for the remaining 80,000 vehicles caught up in the company's emissions cheating scandal. Dec. 19 ...>> view originalStocks Subdued as Banks, Basic Resources Slip
Markets started the final trading week before Christmas on a subdued note, with stocks in Europe and Asia mostly lower and the dollar cooling after its best week in a month. The Stoxx Europe 600 inched down 0.2% in morning trading, following modest losses in Asia. Europe’s basic resources sector led declines on Monday with copper futures...>> view original
Monday, December 19, 2016
Exclusive: Iran to land first Airbus jet within weeks under sanctions pact and other top stories.
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