Wires

  • It's a scary place to be— in debt and afraid. A new Consumer Financial Protection Bureau report found that more than one in four consumers felt threatened when contacted by debt collectors. CFPB Director Rich Cordray said the report casts a "troubling light" on the industry, and that the bureau is working to stop abuses.

  • TAIPEI, Jan 22- Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. As a result of the meeting, Son pledged a $50 billion of investment in the United States and inadvertently...

  • KHOBAR, Saudi Arabia, Jan 22- Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a programme broadcast on Sunday. Khalid al-Falih, who is also chairman of Aramco, said that continuous investment in drilling enables Saudi...

  • *Several foreign brands have pulled out of Turkey. ISTANBUL, Jan 22- Turkish businessman Tekin Acar had contracts to open branches of his leading cosmetics chain in ten new shopping malls this year. Foreign brands in Turkey are also suffering.

  • KHOBAR, Saudi Arabia, Jan 22- Oil and gas company Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices, Saudi Arabia's energy minister told Sky News Arabia in a programme broadcast on Sunday. Khalid al-Falih, who is also chairman of Aramco, said that continuous investment in drilling enables Saudi...

  • TAIPEI, Jan 22- Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans, which would be carried out with its unit Sharp Corp, still depend on many factors such as investment...

  • *Too early to talk of extending 6- month deal- Russia's Novak. VIENNA, Jan 22- Energy ministers from OPEC and non- OPEC countries meeting in Vienna on Sunday have struck a positive note regarding their agreement to cut oil output as a committee set to monitor compliance with the deal meets for the first time. The other members of the committee represent Algeria,...

  • LONDON— British Prime Minister Theresa May said Sunday she plans to discuss free trade and the importance of the NATO military alliance when she becomes the first foreign leader to meet with U.S. The White House's invitation for May to meet with Trump on Friday was seen in Britain as affirmation that Trump values the vaunted "special relationship" between the...

  • BEIJING, Jan 22- China's producer prices face upward pressure in 2017 as the market situation continues to improve, the National Bureau of Statistics said on Sunday in a commentary on its website, adding to expectations that global inflation may be stronger in 2017.. China's producer prices surged more than expected by the most in more than five years in...

  • BEIJING, Jan 22- Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau of Statistics data showed on Saturday. China's services sector contributed 58.2 percent to the country's economic...

  • DUBAI, United Arab Emirates— New fire safety rules have come to Dubai after a series of skyscraper fires that marred its futuristic skyline, but authorities offered few details Sunday about how they'll force owners to replace flammable siding with better material. Most of the fires have been fueled by paneling on the sides of many buildings in Dubai, known as...

  • VIENNA, Jan 22- A committee of OPEC and non- OPEC countries responsible for monitoring compliance with a global agreement to reduce oil output is set to meet for the first time in Vienna on Sunday. Kuwait chairs the five-member committee which also includes Algeria, Venezuela, Russia and Oman. The Organization of the Petroleum Exporting Countries and non- OPEC...

  • LONDON, Jan 22- British fashion retailers will switch their spending firepower to technology from the high street in 2017 after online shopping became the key driver of sales growth over the all-important festive period. "They will have to invest in infrastructure and it will weigh on margins, but if you get it right you have a profitable online business," said one...

  • BEIJING, Jan 22- Growth in China's real estate and financial sector slowed in the fourth quarter of 2016, despite an uptick in the overall service sector that contributed to better-than-expected GDP growth in the quarter, National Bureau of Statistics data showed on Saturday. A detailed breakdown in economic growth by industry issued by the NBS showed...

  • WASHINGTON— Red, white and blue balloons rained down over crystal chandeliers in the soaring atrium of the Trump International Hotel at midnight in "a new inaugural tradition," its social media account promised. But while President Donald Trump's hotel in Washington did serve as a hub of Friday's inaugural activities, it also stands as ground zero for what top...

  • BEIJING, Jan 22- China has set up a 100 billion yuan fund to support investment in the internet sector, said official news agency Xinhua on Sunday. The fund, backed by China's cabinet, is designed to help turn China into a major player in internet technology, said the report. China said earlier this month it would invest 1.2 trillion yuan between 2016 and 2018 to...

  • SYDNEY, Jan 22- Relatives of victims onboard missing Malaysia Airlines flight MH370 said on Sunday they plan to deliver personal letters to Malaysian Transport Minister Liow Tiong Lai while he visits Australia, urging him to resume the search for the missing jet. Malaysia, Australia and China agreed in July to suspend the $145 million search if the plane was not...

  • TOKYO, Jan 22- With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones. But its rush to plug a hole in its U.S. nuclear business that Japanese media now estimate at as much as $6 billion may complicate any asset sale.

  • PARK CITY, Utah— Representatives for the Sundance Film Festival say that they their network systems were subject to a cyberattack that caused its box offices to shut down briefly Saturday afternoon. Films set to premiere later in the day include the Jennifer Aniston, Jack Huston and Alden Ehrenreich film "The Yellow Birds," and Dee Rees' WWII-era drama "Mudbound"...

  • WASHINGTON, Jan 21- Canadian Prime Minister Justin Trudeau on Saturday spoke to U.S. "The Prime Minister and the President reiterated the importance of the Canada- United States bilateral relationship, and discussed various areas of mutual interest," a statement from the office read. "The Prime Minister noted the depth of the Canada U.S. economic relationship,...