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Donald Trump makes promise to cut drug prices, pharmaceutical stocks on Wall Street fall

Trump's recent statements during an interview with Time Magazine, has caused a significant drop in pharmaceutical stocks as Trump announced that he will be cracking down on drug price hikes when he officially holds office.

Dec 08, 2016 03:30 AM EST

Donald Trump Picked Terry Branstad U.S. Ambassador to China

The Governor of Lowa, Terry Branstad, has a good relationship with Chinese Leader since 1985.

Dec 08, 2016 01:41 AM EST

Trump's recent Air Force Boeing contract figures found baseless, Airbus to build new planes?

President-elect Trump just recently proclaimed that he will be cancelling the order the country has placed with Boeing seeing as that the cost for the new planes may be more than $4 billion.

Dec 08, 2016 01:39 AM EST

Trump brokers $50B US deal with Softbank, T-mobile and Sprint merger may happen

Trump had met with SoftBank Group Corp's chief executive, which apparently ended with the company agreeing to make a $50 billion investment in the United States and opening more than 50,000 jobs to Americans.

Dec 08, 2016 01:07 AM EST

69 Percent Respondents : Trump Needs To Make A Decision of Being A President or A Businessman

The US President-elect, Donald Trump, has promised to hand out of his business empires to his children before get sworn as the president next month. Some politicians stated that Trump's words just to avoid potential conflicts of interest.

Dec 07, 2016 09:57 AM EST

Alibaba, Baidu, and 23 Other Chinese Tech Companies Pledged to Help Government Fight Online Terrorism

As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.

Apr 14, 2016 07:18 AM EDT

US Congress Delayed Work on Puerto Rico Debt Relief Bill, Blaming Obama Administration

The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.

Apr 14, 2016 07:16 AM EDT

Five Large US Banks Do Not Have Sufficient Plan for Crisis Due to Lack of Information

GAO suggested financial regulators to disclose more information on their crisis policy framework. While five large banks do not have enough plan to manage operation during crisis.

Apr 14, 2016 07:13 AM EDT

Israel Antitrust Authority Opposed Acquisition of Golan Telecom

Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.

Apr 14, 2016 07:11 AM EDT

Steel demand across the globe to decline 0.8%

Demand for steel across the globe is expected to decline 0.8% to 1,488 million tonnes in 2016, according to the World Steel Association. The association expects steel demand in China, the largest consumer, to fall 4% in 2016 tailed by a 3% decline in 2017, reaching 626.1 million tonnes in 2017.

Apr 14, 2016 07:08 AM EDT

Largest US Coal Miner Peabody Finally Files For Bankruptcy Ending Prolonged Speculations

The largest coal miner in the US has sought protection under bankruptcy law on Wednesday ending speculations over its future. The filing has been acknowledged as the largest bankruptcy case by liabilities during this year. With this filing, a century old publicly traded company is going to shutting down its operations in the US.

Apr 14, 2016 07:04 AM EDT

London and European Stock Market Rallied Following Surge of China's Export

London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.

Apr 14, 2016 07:02 AM EDT

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