Business articles

Democrats press Trump SEC nominee for Wall Street regulator

President Donald Trump’s pick to serve as the chief US financial markets regulator defended himself Thursday against charges his career as a Wall Street lawyer could hinder his ability to oversee the industry effectively.

Hungary seeks to ban Heineken ‘communist’ star

The famous red star logo of Dutch beer giant Heineken could be banned in Hungary under a government proposal seeking to prohibit the commercial use of “totalitarian” symbols, Budapest said Thursday.

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.

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