Business articles

US new home sales highest in 7 months

Sales of new US homes rose sharply in February, to their highest level in seven months, while the average price reached a new record, the Commerce Department reported Thursday.

Signals back to green for Deutsche Bahn

Publicly-owned German rail operator Deutsche Bahn said Thursday it returned to profit in 2016 after its first loss in 12 years, vowing that it would push on with reform under a new boss.

Ford lowers profit forecast as US auto boom ebbs

US auto giant Ford said Thursday its first quarter earnings would come in well below analysts’ expectations, as it projected industry-wide US and Chinese car sales would decline in 2017.

Kenya sells first ever mobile government bonds

Kenya, a pioneer in mobile money, on Thursday began selling the first ever government bonds via mobile phone, allowing anyone from teachers to shop owners to invest and fund infrastructure projects.

Asia markets enjoy small recovery after big losses

Most Asian markets edged up and the dollar saw a small recovery on Thursday as investors tracked a bounce in New York, with focus now on a crucial congressional vote on US healthcare reform later in the day.

AT&T, Verizon join Google ad boycott

AT&T and Verizon on Wednesday joined global firms pulling ads from Google, saying they did not want their brands associated with inappropriate content on the internet giant.

Movies draw record $38.6 bn at box office in 2016: MPAA

The global box office for films took in a record $38.6 billion last year, industry figures showed Wednesday, although receipts outside North America declined for the first time in 12 years as the Chinese market slowed.