AEP Ohio said that it has reached a settlement with Ohio state regulators and other parties for long-term contracts with its coal-fired generators. The agreement is expected to be ruled in early 2016.

Dec 15, 2015 10:31 PM EST

Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.

Dec 15, 2015 03:54 AM EST

The new Mercedes-AMG S65 Cabriolet will be unveiled on public at the Detroit Motor Show next month. The new convertible S-Class Cabriolet based is powered by powerful V-12 engine that can deliver speed at up to 186 mph.

Dec 15, 2015 10:18 PM EST

Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.

Dec 15, 2015 03:52 AM EST

Latin American nation Brazil is suffering from rising inflation, unemployment and drop in economy growth. The Brazil's central bank is expected to raise interest rate in 2016 and this will further enhance borrowing costs putting more pressure on business and industry.

Dec 15, 2015 09:49 PM EST

With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.

Dec 15, 2015 04:00 AM EST

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

Dec 15, 2015 03:42 AM EST

Smartphone applications and devices can now be utilized allowing citizens in China in monitoring pollution.

Dec 14, 2015 08:24 PM EST

Samsung is going to launch a new Galaxy S7 with pressure-sensitive touch screen on March 2016.

Dec 21, 2015 08:05 AM EST

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

Dec 15, 2015 03:36 AM EST

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Dec 15, 2015 02:08 AM EST

South African President Jacob Zuma has decided to reappoint Pravin Gordhan as Financial Minister after removing David van Rooyen from the position. Gordhan will take over this position again which he had held previously for five years. Following this, shares in South Africa’s banking index surged to 15 percent.

Dec 17, 2015 03:54 AM EST