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Chinese regulator defends its intervention in securities market

China Securities Regulatory Commission (CSRC) has defended its interventions in the market as it prevented further volatility after the August crash. The intervention was justified as foresight on the part of Chineses officials to prevent a possible market crash.

Dec 04, 2015 4:04 AM EST


Opec members lock horns over who should cut down production

The latest meeting of OPEC in Vienna concluded without any decision on the production level. Saudi Arabia is believed to have proposed production cuts if non-OPEC nations join them. OPEC members are also discussing on who should cut the production. There's no conclusion after the one hour-long meeting.

Dec 04, 2015 2:45 AM EST


American CEOs: US economy remains gloomy, tax code uncompetitive

A majority of chief executives expressed their concerns over the US economy and not willing to spend more in 2016. They said US tax code is not competitive and driving many companies to leave the US as they prefer tax havens.

Dec 04, 2015 2:37 AM EST


Amazon tops the 10 tech stocks in billionaires' trading

Technology stocks have been at the center of attention for billionaire traders on the Wall Street this year so far. Amazon leads the top-traded technology stocks among high net worth traders on the buy list. After recording encouraging gains in 2015, the FANG (Facebook, Amazon, Netflix and Google) stocks may witness reverse trend in 2016, forecast market analysts.

Dec 04, 2015 2:31 AM EST


Philippines snackmaker Liwayway Group is now a leading brand in China

Liwayway Holdings, a Philippines-based snackmaker, started its business in China in 1993 and now is one of the leading snack makers in the country. Its product, Oishi snacks, is now one of China's iconic brands and one of the top five snack food brand is Asia Pacific.

Dec 04, 2015 2:26 AM EST


Fiat-Chrysler rolls out winter wheel and tire packages

Fiat-Chrysler Automobile launches new winter wheel and tire packages through its parts group Mopar. The winter sets come with 1,100 of wheel-tire combinations and available at FCA dealerships. The packages are priced between $242 and $292 per tire.

Dec 04, 2015 2:23 AM EST


Grupo BTG Pactual shares and bonds plummet, ratings downgraded after billionaire CEO Andre Esteves detention extended by court

Following the arrest of Banco BTG Pactual's CEO billionaire Andre Esteves, the Supreme Court in Brazil extended his detention indefinitely. Shares and bonds of Banco BTG plummeted while Moody's Investors Service downgraded its baseline credit assessment by two levels.

Dec 04, 2015 2:18 AM EST


Celebration of St. Andrews Day with Romanian Flag in Facebook: Scotland FB Users Upset

Scotland FB users are unhappy over the FB’s suggestion to celebrate St. Andrews Day with a Romanian flag. However, Facebook rectified as soon as it realized the situation through social media.

Dec 03, 2015 8:39 PM EST


Trendy Urban Breather Mask by Vogmask to Combat Air Pollution: Coming Soon in India

Nowadays, environmental pollution is one of the major causes for people untimely demises. Vogmask is set to launch trendy designer mask for protection against air pollution. The product will soon come to the Indian market with limited edition collection.

Dec 03, 2015 8:35 PM EST


JPMorgan teams up with On Deck Capital to roll out new lending product

JPMorgan Chase has teamed up with On Deck Capital to accelerate the loan processing for the small business segment. On Deck Capital is an online provider of high-cost lending and will offer its technology platform for JPMorgan to speed up loan processing for its four million customers. JPMorgan will launch new Chase product in 2016 taking care of small-dollar loans.

Dec 03, 2015 3:54 AM EST


Starbucks, Walmart and Chain Stores Recalled Products Because of E. Coli

Starbucks, Walmart and dozen chain stores recalled their food product due to E. Coli contamination linked to Costco chicken sandwich case last month.

Dec 03, 2015 3:35 AM EST


Africa's Largest Media Company Extends Its Operation Worldwide

South African largest media company, Naspers increases its U.S exposure. The company that has operated in 130 countries is ready to expand its service worldwide

Dec 03, 2015 3:26 AM EST