Volkswagen Introduced Its New Luxury Sedan, Only for China Market
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 8:38 AM EST
Palo Alto Networks, Splunk and Salesforce Drove Nasdaq Up
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.
January gold purchases in India rises by 62%
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.
The Sacramento Kings Collaborates with Local Investment Firm to Host NBA's First Tech Startup Contest
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.
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Greece Recalls Its Ambassador in Austria Over Migrant Dispute
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 9:35 AM EST
ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta
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 9:34 AM EST
US economy concludes 2015 on positive note
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 9:27 AM EST
Future of Britain outside EU remains uncertain
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 9:25 AM EST
Mobile phone firm Telstra supports external funds to invest in Asia
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 9:22 AM EST
Fintech Startup Will Change Global Finance as Regulators Closely Watch
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 9:21 AM EST
General Electric Mocked Startups, Proclaimed Itself as Tech Company
GE have been trying attract tech workers since last year. In its new Oscars ad, GE mock the startups and proclaim itself as a tech company and an industrial company.
Feb 29, 2016 9:18 AM EST
Gap Announces Fourth Quarter Earnings, Forecasts Decline in Profit During Current Year
Gap Inc. has announced its fourth quarter earnings on Thursday. The clothing retailer has represented a comparative feature with its year ago performances. It has also predicted for weaker earnings during the current year.
Feb 28, 2016 5:51 AM EST
Kraft Heinz reports profit in Q4, beats Wall Street view
The Kraft Heinz Company on Thursday reported its fourth-quarter earnings that outstripped analysts' estimate. The company also declared a quarterly dividend of $0.575 per common share.
Feb 28, 2016 5:47 AM EST
Fitch Also Degrades Economic Outlook of Azerbaijan After S&P And Moody’s
S&P and Moody’s have downgraded economic outlook of Azerbaijan during the previous month. On Friday, the other US Stock Exchange Commission recognized rating agency, Fitch Ratings, has also downgraded the outlook. Country’s government and central bank adopted measures have apparently gone in vain to tackle the economic turmoil.
Feb 28, 2016 5:42 AM EST
22 Years After the Apartheid in South Africa: White Squatter Camp
White people were once ruling and oppressive class in South Africa, As government wipe out the apartheid, unskilled white people are ousted and have to live in slums. There are more than 400,000 white people live in poverty.
Feb 28, 2016 5:40 AM EST
Venezuela’s ‘Gold Dream’ May Get Fettered Over Conclusion of Other ICSID Proceedings
Venezuela has announced on Wednesday reaching a $5 billion venturing deal with Gold Reserves. The government is expecting to enrich its ever decaying foreign currency reserve with the fund under agreement. But analysts assume, the government may hardly use the fund since Gold Reserves and several other plaintiffs’ proceedings with ICSID are going to be concluded shortly.
Feb 28, 2016 5:38 AM EST
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