Result Page 38 for Latest Markets News & Archive

Markets

A long-stretched financial winter looms over Hong Kong

Hong Kong's financial hub has slipped into pressure following the continuous economy slowdown in China and concerns about possible interest rate hike by US Federal Reserve. The GDP of Hong Kong's financial center is expected slip over two percent. The latest probe by Chinese authorities into financial markets is also creating tremors among hedge funds, fund managers, brokerage firms and banks.

Dec 07, 2015 9:24 PM EST

Markets

IDC: Worldwide Smartphone Market Will See the First Single-Digit Growth Year on Record

On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in global smartphones shipment to a total of 1.43 billion units. Android dominates the market share with 81.2% with Apple holding only 15.8%.

World

Relieved Northern China: Free from the Deadly Smog after Five Days

Interestingly, just when China took a pledge to fight with global warming in Paris meet, Northern part of China is covered with deadly smog. Chinese people got some relief after a strong winter wind helped to clear out the haze after five days.

News

Motorola Solutions Acquires Airwave for $1.2 Billion

Motorola acquire UK's Airwave for $1.2 billion to enhance its service business in mobile communication.

Delhi Pollution- If the Air is being Shared, Why Isn’t the Responsibility?

To combat with Delhi pollution, people need to be responsible first. Beijing, the closest competitor of Delhi in air pollution introduced odd-even number vehicle restrictions way back 2008 Olympics. This measure can be implemented on an immediate basis without any expense.

Dec 07, 2015 7:19 AM EST

Iron ore below $40 as China's reserves at 7-month high

The China's economy slowdown and concerns about possible interest rate hike by US Federal Reserve are impacting iron ore prices, which are hovering at $40 per metric ton. Adding to this, the increased supplies from global majors are further putting pressure on iron ore prices. The sluggish Chinese steel industry has also become a cause of concern.

Dec 07, 2015 4:17 AM EST

Volkswagen hold talks with investors in Qatar following emission scandal

Volkswagen's CEO, chairman, and top shareholders held talks in Qatar to discuss the company's emissions tests scandal and Volkswagen's new structure and future business focus. The Qatar investor was calling for changes in the Volkswagen management following the emissions scandal that has cost the shareholders billions.

Dec 07, 2015 2:10 AM EST

Modi-led Indian government seeks corporatization of state firms

India’s Prime Minister Narendra Modi is in favor of corporatizing state-run firms. He calls for a combined effort of central government and states to ensure sustainable economic recovery. While criticizing the old concept of divesting or closing down of state-run firms, Modi aims at bringing efficiency in the public sector undertakings (PSUs).

Dec 07, 2015 2:04 AM EST

Mexico's Pemex enters the US market

Mexican petroleum major Pemex has opened its first overseas gasoline station in Houston. Pemex will set up five more gasoline stations in the US as part of its expansion plan. The Mexican energy giant is suffering from oil price drop in addition to lower production level. The Mexcian government has opened up its energy sector by allowing foreign companies to set up gasoline stations in Mexico.

Dec 07, 2015 1:59 AM EST

Volkswagen sales skid 20% in UK, 25% in US

Since the broke out of emissions scandal, Volkswagen has been suffering from sluggish sales volume. The sales of German auto major fell 20% in the UK and 25% in the US during November, while it managed to sustan in its home market as sales dip marginally by three percent.

Dec 07, 2015 1:54 AM EST

Banana Republic sales continue to slump

Banana Republic, a brand of Gap Inc, has been suffeirng sluggish sales for the past seven months. it fell 15 percent in November. Gap Inc is witnessing declining sales across its 3,700 stores. Banana Republic is in the process fo redesing product range to win the hearts of buyers.

Dec 07, 2015 1:47 AM EST

Canada gets crude oil from Enbridge Line 9B

The oil produced in western Canada has turned out to be cheaper than imports. This situation is driving oil refineries in eastern Canada to get crude oil from western Canada. Enbridge's Line 9B, a newly reversed pipeline started pumping oil to eastern Canadian refinery.

Dec 07, 2015 1:42 AM EST