Result Page 35 for Latest Markets News & Archive

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Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million

The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.

Dec 15, 2015 4:38 AM EST

News

Despite BG takeover, Shell to slash jobs

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

News

Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

News

Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Cotton piles up at warehouses globally

The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.

Dec 15, 2015 2:02 AM EST

The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned

People from all over the world were contemplating if filing a lawsuit against Amazon is justified by NJ Mayor over traffic issues. Surprisingly, within a couple of weeks, NJ Mayor has withdrawn his decision to sue Amazon and clarifies the reason behind his sudden decision change.

Dec 14, 2015 8:50 PM EST

Jia Yueting's Faraday Future to Build $1 Billion Electric Car Factory in Nevada

Faraday Futures, Tesla strongest competitor will establish its $1 billion plant in Las Vegas. Backed by Chinese media mogul Jia Yueting, the company will reveal its car in CES electronic trade show in January.

Dec 14, 2015 7:06 AM EST

Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million

Alibaba buys The South China Morning Post for approximately US$262 million. It is being said that that the business skill of Jack Ma, the founder of the internet giant Alibaba can surely help SCMP grow.

Dec 14, 2015 6:47 AM EST

Chemical titans DuPont and Dow Chemical agree $130bn merger

Chemical titans DuPont and Dow Chemical Co agreed to merge in a deal that would value the two companies at $130 billion, leading to more savings and more consolidations.

Dec 14, 2015 5:10 AM EST

Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund endorsement, Rich Chinese men are selling their yuan or Renminbi for other currencies, because they know that the country's economy continues to slow down.

Dec 14, 2015 4:59 AM EST

Blackberry Backs to Tracks: Forefronts Secured Androids

Blackberry possesses 1% chunk of global smartphone market, but still manages to generate $192 million revenue or 41% of global sales from selling 8,00,000 units in Q2 of FY 2016. Blackberry eyes hefty profits by Q4 of FY16 through its unique security features and those include seeking information on developer’s certificate from the apps to be run in the device, which has recognized Blackberry as the forefront in ensuring secured phones that over rides price competitiveness.

Dec 14, 2015 4:14 AM EST

Debt fund blocks investors from withdrawing assets, emphasizing junk-bond plunge

Avenue Focused Credit Fund is blocking its investors from withdrawing their money, which emphasizes the junk-bond decline.

Dec 14, 2015 4:05 AM EST

Talks about U.S. confiscated property in Cuba begins

Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.

Dec 14, 2015 4:00 AM EST

Paris Talks: All is well for India in deal, except coal line

India’s coal plans came under repeated attack from developed nations and western media during the two-week climate change conference in Paris. India mostly agrees with the Paris agreement to make a transition to renewable energy. But the inclusion of one line in the article dealing with the deal’s purpose might prove to be a big irritant in its plans to build coal-fired power plants

Dec 14, 2015 3:54 AM EST

Jumbo jets may be heading to extinction amid changes in regulations, business dynamics

The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.

Dec 13, 2015 10:11 PM EST

To raise money, Syria government imposes tax on Shawarma, restaurants

The Syrian government has imposed taxes on shawarma, and has imposed harsher laws on other everyday life businesses to keep economy going amidst the on-going civil war.

Dec 13, 2015 9:55 PM EST