Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

Mar 01, 2016 08:48 AM EST

Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.

Mar 01, 2016 08:40 AM EST

Volkswagen unveiled Phideon as its new luxury car today, ahead of Geneva International Motor Show. The successor of Phaeton will only be sold in China.

Mar 01, 2016 08:38 AM EST

Following slow start of the year, tech companies began to come to life. As Palo Alto Networks, Splunk and Salesforce.com brought Nasdaq to soar 2% in the last five trading days.

Mar 01, 2016 08:37 AM EST

Gold purchase in India increased 62% during the month of January. The government lifted the import duty on gold citing the growing prices in global market.

Mar 01, 2016 08:36 AM EST

The Sacramento Kings announced a tech startup contest for local entrepreneurs. Supported by local investment firm Velocity Venture Capital, finalists will get an opportunity to pitch their ideas to judges and a chance to win a cash prize and consultation sessions with the Kings executives.

Mar 01, 2016 08:33 AM EST

Greece recalled its ambassador from Austria, following Austria's decision to close its border for migrant. While majority of people are not satisfied with government's way in handling economic crisis.

Feb 29, 2016 09:35 AM EST

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

Feb 29, 2016 09:34 AM EST

The US economy recorded better than expected performance during the fourth quarter enabling it to conclude 2015 on positive mode. Surpassing the forecast of 0.7 percent, the US economy grew one percent during September-October quarter in 2015 giving much leverage to the US government to tighten monetary policy.

Feb 29, 2016 09:27 AM EST

Britain's exit from the European Union will have a negative impact on the economy of the country, according to officials. The UK prime minister pledges to negotiate a better agreement for the nation in the union.

Feb 29, 2016 09:25 AM EST

Telstra is backing up external venture capital funds to seek investments in Asia. The company is focusing more on technology investment in Asia as it experiences a drop in the viability of internet services and phone calls.

Feb 29, 2016 09:22 AM EST

Year 2015 was dubbed as year of fintech. As financial technology startup companies flourish and gain huge fund. Global regulators are closely monitoring the fintech startups and will propose rules to regulate them.

Feb 29, 2016 09:21 AM EST