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The United States government will cancel new offshore oil drilling lease sales in the Arctic and will not extend leases already held by companies such as Royal Dutch Shell.

P S Jayakumar, former Citibank executive, on October 12 took over as the managing director and chief executive officer of Bank of Baroda at a time when the public sector bank is struggling for an image-makeover as CBI probes into the suspected Rs 6,100 crore black money foreign...

China has won a bid to build a $5.5 billion dollar railway project in Indonesia.

ZTE became the second device maker to offer a direct-to-consumer smartphone lease program Wednesday, with the unveiling of a payment option in collaboration with SmartPay Leasing Inc.

On Friday, Boeing, Global aircraft manufacturing company, said it is looking at setting up a chopper assembly line in India. The world’s biggest airplane manufacturer Boeing has said that it could “make in India” a state of the art fighter plane.

Australian shares nudged up 0.2 percent, while Japan’s Nikkei (.N225) lost 0.7 percent as the yen rallied in response to the soft dollar.

Anthony Martial will be in action for Manchester United against Everton this weekend while Maurico Pochettino would be welcoming Liverpool and new coach Jurgen Klopp to white hart line.

Dudley, as president of the New York Fed, is the vice chairman of the Fed’s monetary policy committee.

The Canadian Real Estate Association said Thursday that home sales in September through its Multiple Listing Service were down 2.1 per cent compared with August.

Drone buyers will soon be required to register their devices with the U.S. Department of Transportation. Also, it’s unclear if this new plan will affect past drone purchases or all new ones going forward.

While economists agree growth fell below 7 percent in the July-September period, down from 7 percent in both the first and second quarter, the magnitude of the slowdown remains a source of debate. The highest forecast in the poll was 7.2% and the lowest was 6.4%.

Co-founder and CEO Jack Dorsey is also a co-founder and CEO of Twitter (NYSE: TWTR).

Strength in the divisions that manufacture jet engines and power turbines cushioned the blow from from the rout in prices for crude. The exchange is expected to produce a 6% to 7% reduction in the almost 10.1 billion shares of GE stock outstanding as of June 30.

Shares dropped US$6.70 or 10% to US$60.03, the biggest dip since January 1988, and the stock’s lowest level since March 2012. Wal-Mart is facing strong competition from other retailers, online and offline.

According to Bloomberg, the Royal Swedish Academy of Science said that to devise economic policy that reduces poverty and promotes welfare, it is crucial to first understand individual consumption choices.