Business & Financial News, U.S & International Breaking News
China's ZTE Corp pleads guilty in U.S. court in sanctions case
Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran.
Tight supply, higher prices weigh on U.S. home sales
U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining prospective buyers.
NATO Secretary General says looking for date for minister talks
NATO Secretary General Jens Stoltenberg agreed with U.S. Secretary of State Rex Tillerson on Wednesday to look for a date that would allow all NATO allies to attend a meeting of foreign ministers.
Canada unveils wait-and-see budget amid U.S. policy uncertainty
Canada's Liberal government unveiled a stay-the-course budget on Wednesday that targeted export growth and some measure of tax reform but did little to whittle away at deficits even as it backed off from an explicit pledge to improve the debt outlook.
Sears shares sink as investors fret over going-concern risk
Sears Holdings Corp's shares tumbled as much as 16 percent on Wednesday as bondholders and investors questioned how long the storied retailer could remain in business after it flagged doubts that it could continue as a going concern.
Russia underplayed losses in recapture of Syria's Palmyra
Russia's force in Syria has suffered losses since late January more than three times higher than the official toll, according to evidence gathered by Reuters, a tally that shows the fight in Syria is tougher and more costly than the Kremlin has disclosed.
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The U.S.-led coalition against Islamic State has for the first time airdropped local ground forces behind enemy lines near the ISIS-held town of Tabqa in northern Syria, the Pentagon said on Wednesday, opening a new front in the campaign to recapture nearby Raqqa city.