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Oil Price is Slightly Rising Amidst Tension Between Saudi and Iran

Oil price is rising amidst tension between Saudi Arabia and Iran. The oil price started the first day of trading in 2016 at the price of $38 a barrel before reduced to $37 in the afternoon trading.

Jan 04, 2016 10:21 PM EST

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 06:09 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.

Jan 04, 2016 05:32 AM EST

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 04:13 AM EST

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.

Jan 04, 2016 04:26 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

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.

Jan 04, 2016 04:44 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 07:48 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 08:39 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 08:37 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 08:35 PM EST

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