For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices
The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.
Jan 21, 2016 7:31 PM EST
Tullow Oil Plc Expects a Revenue of $1.6 Bln for 2015, 28% lower than 2014
Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.
Woolworths considers pulling out of Masters, following a Lowe’s buyout
The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.
South African House Prices to Decline in 2016, According to Retail Bank
South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing microeconomic challenge.
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North Korean Nuke Testing and Oil Price Fall Plunges Dow Jones in First Week of 2016
Rising global concerns in first week 2016 including North Korean nuke testing, fall in oil prices, sluggishness of Chinese economy, middle east tension, reservation by Federal Reserve to raise interest rates plunged Dow Jones. Markets in Europe and Asia fell as well.
Jan 12, 2016 7:00 AM EST
Martin Shkreli's $5 Million Bail Was Secured With His E-Trade Account
Last December, Martin Shkreli, who was arrested for securities fraud in pharmaceutical company was released on bail. Court document shows his $5 million security bond was secured with $45 million E-Trade account.
Jan 11, 2016 6:58 AM EST
Scientists found that century-old Alexander Keith's found at Halifax Harbour is in fact beer
The 125-year-old bottle of Alexander Keith's found at the bottom of the Halifax Harbour last year is confirmed by scientists as drinkable beer.
Jan 11, 2016 6:33 AM EST
Oracle billionaire sold controlling interest in his Hawaiian Island Air
Oracle billionaire Larry Ellison's Ohana Airline Holdings LLC will sell a controlling interest of Island Air to venture capital investment company PacifiCap.
Jan 11, 2016 6:14 AM EST
McDonald’s gets a multi-color makeover as CEO pushes the company to be a modern, progressive burger company
McDonald’s launched a new makeover for its packaging using bold, bright colors on cups, boxes, and bags that will become more appealing to customers.
Jan 10, 2016 10:05 PM EST
Philippine Peso, this week’s least loser among emerging Asian market
The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.
Jan 10, 2016 10:02 PM EST
Tax refund to take longer due to IRS tighter security against fraud
Taxpayers who would file their tax return beginning January 19 will have to wait until March 1 to get their tax refund due to the tighter security the IRS will implement to prevent tax frauds.
Jan 10, 2016 9:58 PM EST
IRS Fines 8 Million Americans, 0.3 Million of Them From Low Income Group
IRS has fined some 8 million people and 1.4 million households are forecast to fall prey of fines due to ignorance on new healthcare law. Commonly criticized as the Obama Care Law, the new law instructs all Americans to go through insurance net. But mainly due to ignorance about mandatory submission of tax returns and moreover legally remain exempted from tax net, have fall victim to count fine for $210 each.
Jan 10, 2016 9:50 PM EST
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.
Jan 10, 2016 9:45 PM EST
5 US airlines hike base fares
The US-based five airlines - Delta, Southwest, American, United and Virgin America have raised base fare on domestic travel. The hike is effective for corporate, leisure and discounted fares. Airlines are bullish on margins as business travel is expected to be stable even leisure travel takes a dip. The five airlines control 80 percent of the US domestic travel. Airlines are set to post surge in operational profits owing to lower fuel costs.
Jan 08, 2016 4:56 AM EST
Stocks tumble on China instability amid further devaluation of Yuan
The instability in Chinese economy, after the dragon country devalued Yuan for eighth time, has created tremors across the global bourses. All the sectors fell in the range of 0.4 percent to 1.8 percent on the Wall Street. Safe haven yellow metal gained four percent in 2016. Chinese CSI 300 index fell 7%.
Jan 07, 2016 7:04 PM EST
Ford upbeat on self-driving cars, to invest $4.5 billion
Ford Motor is investing about $4.5 billion in developing electric vehicles. Contrary to unconfirmed news that Ford and Google working together on developing driverless cars, Ford Motor President Mark Fields didn't mention about this association in his speech at CES-2016. Fields is very keen on exploring the $5.4 trillion transportation services segment.
Jan 07, 2016 5:03 AM EST
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