Washington - Oshkosh Corp. just won a massive $30 billion contract to completely replace the US Army's Humvee units. Other candidates for the elaboration of the military vehicles included industry giants Lockheed Martin and Humvee builder AM General.
Chinese Premier Li Keqiang said there was no basis for a continued depreciation of the yuan after the central bank allowed the currency to devalue 2.8 percent this month.
Some investors were growing more confident after the US market held two straight days of gains. Financial markets have been volatile since China decided to weaken its currency earlier this month, a move investors interpreted as an attempt to bolster a ...
Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 PSX 2.95 % more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment.
China's parliament approved on Saturday a cabinet plan to cap total outstanding local government debt at 16 trillion yuan ($2.5 trillion) this year, the official Xinhua news agency reported.