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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.
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.
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.
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.
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.
TOKYO: 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.
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.
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.