Sydney home prices drop for the second month
Sydney home prices fell for the second-consecutive month. The market also recorded its worst quarter in four years as a regulatory crackdown pushed up mortgage rates causing weak demand in the housing sector.
Jan 04, 2016 6:09 AM EST
2016 Will Be Grim for Asian Ship Builders Due to Low Oil Price
Asian ship building industries will face a bleak year in 2016 due to low oil price. As a result, shipyards receive less orders for offshore rigs project. Korean, Singaporean, Chinese and Japanese as the main shipyard owners in Asia are preparing necessary measures to manage the crisis.
Yen Goes Strong As Saudi and Iran Heated Tension Started The Year 2016
Yen started 2016 with a two-month high in trading, while Saudi and Iran cuts diplomatic ties. The year 2016 started with a stronger yen, traded at two-month high versus dollar and escalating tension between Saudi and Iran.
Loretta Mester Backed U.S. Rate Hike as A Prudent Step
Loretta Mester, president of Federal Reserve Bank of Cleveland prefer a more aggressive approach to rate hike. Federal Reserve Bank increased interest rate for the first time in nine years last December.
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New Copy Right Levy Increases Prices of Apple Products in Germany
Apple Inc. has increased the prices of products in Germany, effecting from January 1, following a successful deal with German Trade Association, Bitkom and ZPÜ collecting societies in December 2015. The adopted policy is similar to those adopted by other European countries, but along with the creative intellectuals, the levy will be available for sharing with the porn film makers too.
Jan 04, 2016 4:13 AM EST
Tesla Meet Its Target, Delivering 17,400 Cars in Q4
Tesla Motors deliver its target of 17,400 cars in fourth quarter. The company has delivered 50,580 cars to its customer in 2015.
Jan 04, 2016 12:32 AM EST
Larger McDonald's Closes, 'The Ever Largest Era' Awaits
McDonald’s Florida chapter has shut down operations of the foods and entertainment chain on Wednesday. But closure has not turned an end to larger McDonald’s era, but appears to reborn with ‘the ever largest’ title. The largest burger corner is all set to start journey from early February in its renovated state of the art establishment measuring 19,000 square feet, some 7,000 square feet larger than the existing ‘French Fries Box’ structure.
Jan 02, 2016 7:48 PM EST
Now, Chinese couples can have two kids legally
Ending the one-child regime, the Chinese government has decided to allow married couples to have two children. The new law is effective from 1 January 2016 and China will have three million extra babies every year for next five years owing to new law. It'll take the labor force up by 30 million by 2050.
Jan 01, 2016 8:39 PM EST
South Korean exports drop for 12 months
The world's sixth largest exporter South Korea suffered drop in exports throughout 2015. The exports fell 13.8 percent in December 2015 against the forecast of 11.7 percent. South Korea's trade surplus eased down to $7.2 billion in December 2015 from $10.32 billion from the previous month.
Jan 01, 2016 8:37 PM EST
Oil slump hits $125-mn property debt in North Dakota
The lower oil prices are impacting the property market in shale hubs in North Dakota. The $125 million securitized loans backed by real estate are facing trouble-some situation. The rating agency Morningstar Credit Ratings LLC has estimated that a third of $340-million commercial mortgage-backed securities are facing threat as they're related to the shale hubs in North Dakota.
Jan 01, 2016 8:35 PM EST
Atlanta's airport clocks 100mn passenger traffic in 2015
Hartsfield-Jackson Atlanta International Airport has become the world’s first to achieve 100-million passenger traffic in a single calendar year. The world’s busiest airport received its 100 millionth passenger on 27 December 2015 and felicitated him with loads of gifts. Atlanta’s airport had been the world’s busiest airport for 17 years in a row as of 2014.
Jan 01, 2016 8:32 PM EST
Apple May Face Tax Evasion Charges Again in the US After Italy
Apple Inc. is believed to tatter while confronting series of accusations for illegal tax dodging. Agreement for payment of unpaid tax liability in Italy establishes the event of tax dodging through amassing wealth in Ireland for its lower corporate tax rate. Now US tax authority’s claim for intended fund holding in a bid to evade tax may get huge momentum.
Jan 01, 2016 5:44 AM EST
New concept of McDonald’s opens in Hong Kong
McDonald's has opened a new dining concept called McDonald's Next. Located in Hong Kong, McDonald's Next offers new futuristic design with new features for the unique dining experience.
Dec 31, 2015 6:57 AM EST
International Robotics Show Witnesses World’s First Sensitive Robot Chef
Moley Robotics has attained the honor to represent world’s first sensitive robot chef, well versed not only in cooking but also in cleaning the utensils. The commercial version of the prototype will be available in the market in 2017. After unveiling the kitchen prototype in International Robotics Show, the robotics pioneer has been approached by major players in the restaurant industry, airlines, kitchen developers and even chef training schools.
Dec 31, 2015 6:54 AM EST
Facebook will face shareholder class action regarding its 2012 IPO
Manhattan district judge ruled that Facebook Inc. must face group claims by investors. The case is regarding the company previous statement that misled investors about its financial condition in the run-up to its May 2012 initial public offering.
Dec 31, 2015 6:06 AM EST
Toshiba Restructuring is Backed By Public Fund
Japanese government prepared a state-backed fund to help Toshiba restructure its business. Japanese electronic giant Toshiba will have to restructure after a massive loss.
Dec 31, 2015 1:05 AM EST
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