Fed might hike rates, but it will be a bad decision, warns bond king Gundlach
Jeffrey Gundlach, the bond king in the US markets, says the current economic situation and market conditions are not in favour of interest rate hike. If US Federal Reserve increases rate this month, then it will regret its decision, he said. Stating that 100% of economists forecast rate hike. latest jobs data and other parameters are giving more room for US Fed to take decision on rate hike.
Dec 11, 2015 3:29 AM EST
Facebook re-enables social network to Tsu content
Facebook has raised a restriction that blocked content from Tsu.co. Facebook has raised a restriction that blocked content from Tsu. Co, a competitor challenging the Facebook's financial dependence on free content shared by its 1.
Dow Chemical and DuPont are in the late-stage talks for $120B merger
Dow Chemical and DuPont are in advanced talks for a merger. The companies could announce the $120 billion deal in the next few days.
Flying High: Boeing's rating upgraded to 'Buy'
Several equity research firms upgraded ratings on Boeing. The timely deliveries are enhancing revenues for the aircraft maker. For the quarter ending October, its revenues surpassed market forecasts. Barring one equity research firm, 13 gave it 'buy' rating and three recommened for holding it.
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Finnish government is planning to give every adult citizen $800 per month
The Finnish government is planning to introduce a tax-free monthly payment of $865 to all adult Finns. The payment will be made regardless of their income or employment status and would replace other benefits.
Dec 10, 2015 9:46 PM EST
Kering, The Owner of Gucci Sold Sergio Rossi Luxury Shoes
Kering SA, reached an agreement to sell its luxury shoemaker Sergio Rossi to a private equity firm. Sergio Rossi, the famous brand for luxury women shoes now belongs to Investindustrial, a leading European investment.
Dec 10, 2015 7:41 PM EST
Google Discontinued Nexus 6, Focus on Nexus 6P
Google announced to discontinue its Nexus 6 starting December 8. However, customers still be able to find the phablet in Amazon.
Dec 10, 2015 10:34 AM EST
Wynn Resorts founder bought 1 million on own stock
After Wynn Resorts founder Steve Wynn bought an additional 1 million of the company’s shares, the shares of Wynn went up 15 percent Wednesday.
Dec 10, 2015 10:18 AM EST
German Exports Drops Bigger than Predicted by Experts
Exports from Germany dropped 1.2 percent on the month in October after a strong gain the previous month — a sharper decline than economists had expected.
Dec 10, 2015 8:13 AM EST
Crude oil, industrial metals further collapse signals another economic depression
Prices for crude oil and other precious metals continue to go down during the recent days, pointing to possible economic depression.
Dec 10, 2015 7:32 AM EST
Japan's economy increased 1 percent, not down 0.8 percent, says Cabinet Office
The Japanese government's Cabinet Office that the country's economy increased 1 percent, which is a complete turn around from its previous report of a 0.8 percent drop.
Dec 10, 2015 4:55 AM EST
HSBC to repackage global loan into bonds to increase profits
HSBC is repackaging its loans sold in Asia, Africa and the Middle East into bonds to increase its investment banking profits as pre-crisis regulations has made it more expensive to earn in the loan business.
Dec 10, 2015 3:03 AM EST
Valeant weighs to sell contact lens maker Paragon amid FTC investigations
Valeant is considering to sell its Paragon as the FTC is investigating the drug maker's monopoly in the gas permeable contact lens market. Valeant has been hiking prices the Paragon's products after the company acquired the contact lens manufacturer earlier this year.
Dec 10, 2015 3:00 AM EST
China's capital outflows tripling in November
China has been suffering from the increasing capital outflows, which tripled in November to $113biillion in November from $37 billion in October. The concerns about further depreciation in Yuan were the prime reasons behind the surge in capital outflows. The weaker Yuan will add competitiveness to exports, opine some economists.
Dec 10, 2015 1:57 AM EST
Airbnb confirms $1.5 billion fund raising round
The US-based home-sharing startup Airbnb has confirmed that it closed $1.5 billion fund-raising round in a filing to SEC. The latest round puts Airbnb's valuation at $25 billion. The home sharing services provider boosted its forecast for revenues to $900 million for 2015. Airbnb is planning to expand globally.
Dec 10, 2015 1:35 AM EST
Catholic Church Prelate Suggests Birth Control can be the Ultimate Solution to Climate Change
Have you ever thought that birth control or so-called family planning can help control climate change? Believe it or not, the truth is the larger the population will be, the tougher the life will become. Hence, Church authorities decided to join UN climate change meet to raise the voice.
Dec 10, 2015 12:40 AM EST
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