market news

Indian Cabinet Approved Share Sale In Coal India Worth $3.2 Billion

India's cabinet on Wednesday approved the sale of 10% stake in the country's top coal producer, Coal India Ltd.

Second Largest Diamond Discovered After More Than A Century In Botswana

A 1,111 carat gem quality diamond second in size only to the Cullinan diamond cut into the British crown jewels has been unearthed.

Liberty Global To Purchase Cable & Wireless Communications Worth $5.3 Billion

International cable TV company, Liberty Global says it is acquiring cable and wireless communication worth $5.3 billion deal.

Blacks to Patronize Black-Owned Businesses Only

Should black go out and only buy things from black owned businesses? Maggie Anderson and her family believe, they should.

Activist investor Carl Icahn sells eBay shares in favor of PayPal

Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay for the same number of shares in PayPal Holdings in the third quarter.

AliBaba Keeps Dominating The Market Despite Of The Counterfeit Goods Issue

Last week Alibaba made history when it sold $14 billion of merchandise in a single day more than Cyber Monday and Black Friday deals combined.

Foreigners Are Piling In As Argentina Open Doors For Business

For the first time in two decades, the US Chamber Of Commerce is bringing business leaders to Argentina.

EasyJet expected to announce £700 million of profit next week

London-based low-cost airline carrier, EasyJet is set to post its highest ever annual profits of about £700 million next week. Analysts are optimistic that recent hike in the number of passengers will offset the Sharm el-Sheikh crisis.

French financial markets wary of terror attack aftershock

French market open as usual after the terror attacks that left hundred of people wounded and died. Most stocks, including those connected with the country's tourism sector could be most at risk of large falls.

Marc Andreessen sold $160 million worth of his Facebook Shares

Marc Andreessen has sold almost 75 percent of his Facebook stock in the last two weeks based on SEC filings. According to the same filings, 1.5 millions of shares has been sold by Andreessen.

UK Sold Northern Rock Mortgages To US Worth £13bn

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

Stocks rally higher as commodity prices rebound

U.S. stocks extended a rally, with the Standard & Poor’s 500 Index reaching a three-month high. The Energy and raw materials went up at least 17% from recent lows while the Nasdaq 100 also recorded a new high compared to July this year.

United Tech third quarter profit falls

United Technologies Corp profit falls to $1.36 billion in the third quarter as sales from its product decreases due to wild currency swing. The company also announces shares buyback to increase its intrinsic value causing the share price to rally.

Malaysia Property Stocks traded at 32 percent discount

Current global economy and political environtment had cause the Kuala Lumpur Stock Exchange to plunge in value. Among the worse performer is its property stocks which are currently traded at discounted price, giving big fund manager to buy more stocks.

Square Files for IPO despite of $77.6 million loss

Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.

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