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Toyota formally recalls 3.8 million vehicles in US
WASHINGTON: Toyota Motor Corp. officially recalled 3.8 million vehicles in the United States on Monday to address problems with floor mats that could cause the gas pedal to stick and cause a crash.
Flying blind in the cross-Atlantic crises
Think Asian - By Andrew Sheng FLYING to Washington DC and London this week, news came of the tragic Ethiopian Boeing 737 Max 8 jet crash almost immediately after take-off, eerily similar to what happened just five months ago to the Lion Air Max 8 jet that also crashed after takeoff from Jakarta last year.
Soh to be charged in S'pore over penny stock fiasco
SINGAPORE: John Soh Chee Wen, who along with a number of individuals were under investigation for the 2013 penny stock crash on the Singapore Exchange, has been arrested by the authorities, according to The Straits Times.
US exchanges want tighter circuit breakers
NEW YORK: The US securities regulator is considering a plan that would improve a 23-year-old circuit breaker that did not trip during last year's 'flash crash' to make it more sensitive to extreme market moves.
United found not liable for alleged 9/11 security lapse
NEW YORK: United Airlines bears no responsibility for the collapse of a third World Trade Center building on September 11, 2001, stemming from suspected airport security lapses that allowed hijackers to crash an American Airlines plane into the complex, a federal judge ruled on Wednesday.
Buying ‘cash’ at discount
DESPITE several measures by the US Government to rescue its financial sector and the overall US economy, global stock markets continued to crash further as these measures confirmed that the problems faced by US financial institutions were indeed serious and most investors were not convinced they had seen the worst.
US markets pushed close to new records last week
NEW YORK: US markets pushed tantalisingly close to new records last week, a stunning rebound after the steep crash of 2008 wiped trillions of dollars of wealth from Americans’ pocketbooks and retirement accounts.
Asia shares slip as Hong Kong unrest, Argentine peso crash rattle investors
TOKYO:Â Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.
S’pore trader appoints advisers amid bank squeeze
SINGAPORE: Singapore oil trader Hin Leong Trading Pte Ltd has appointed advisers to help in talks with banks as some of them freeze credit lines to the firm, according to people with knowledge of the matter.
Wall St's 'fear gauge' spikes but unlikely to be pointing to a market crash
NEW YORK: Wall Street's 'fear gauge' is soaring again, as investors spooked by Thursday's market decline rushed to load up on options protection, but analysts said the intensity of the move in volatility does not necessarily point to a market crash.
