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Iran exports news halts 3-week run of price rise for oil

The trouble-hit Iran has reiterated that it'll take the exports to the pre-sanctions level after the sanctions are lifted. This has curbed the three-week streak of oil price rise. The oil price rose encouraging for the first time since April.

Dec 28, 2015 09:21 PM EST


Sportswear Stores Struggle in Race to Reach Consumers

Due to the increased sales of online retailers, independent sportswear companies are already suffering. But their major fear is competing with the large vendors like Nike. It gets tough for the small retailers to change their orders with every change in fashion taste as the ordering cost is high, but large vendors can easily afford it.

Dec 28, 2015 09:53 PM EST


Mexico's Pemex to slash down jobs in 2016

Mexico state-run oil major Petroleos Mexicanos (Pemex) may reduce jobs in 2016 as part of its restructuring plan. The company is keen on making partnerships along the production chain. Pemex may tap private capital for funding the business strengthening operations.

Dec 26, 2015 08:19 PM EST


JPMorgan alerts Japan Inc to brace up for ¥100/USD

The latest forecast form JPMorgan Chase & Co has alerted the Japanese industry to be ready for the rising Yen to ¥100/USD in 2016 from the current 121. However, it also said that the surge in currency value may not harm drastically. Contrary to this, another survey carried out by Nikkei Research for Reuters indicated yen would fall to 130 per dollar.

Dec 26, 2015 08:17 PM EST


Starbucks upbeat on record gift card sales on Christmas Eve

American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.

Dec 26, 2015 08:08 PM EST


Palantir Technologies Reached $2 Billion in Valuation

Palantir Technologies Inc., the data analysis company has raised another $200 million funding, adding up to its $2 billion of company's valuation.

Dec 25, 2015 07:47 PM EST


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