Moschino’s Merger with Nintendo Will Unveil The Super Moschino Collection on 5th December 2015
The Nintendo collaborated with Moschino to create the Super Moschino collection to celebrate the 30 years of the Super Mario Series. It will include items with the images of the beloved Nintendo characters.
Dec 04, 2015 8:38 AM EST
Asian stocks reel under pressure ahead of Fed meeting
Asian stocks fell further after hovering at three-week lows amid weaker oil prices. The statements from the US Federal Reserve and European Central Bank (ECB) further worsened the situation., The ECB reduced deposit rates and this discouraged the market. The forthcoming jobs data and inflation numbers will set the tone for US Fed, which will meet in December to take a decision on interest rate hike.
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.
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.
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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
Petra and Ekapa Acquire De Beers Oldest Diamond Mine
Petra Diamond Ltd and Ekapa Minerals Pty have acquired De Beers oldest diamond mine in Kimberley. UK's Petra Diamond Ltd partners with South African's Ekapa Minerals Pty to buy the oldest mines of De Beers in South Africa.
Dec 03, 2015 3:01 AM EST
Japan state-fund mulls picking stake in Sharp Corp
Japan state-backed fund is keen on acquiring stakes in Sharp Corporation for Yen 200 billion ($1.63 billion). Sharp Corp recorded Yen 50 billion operating loss for the first half of 2015. The LCD business unit of Sharp Corp is a major contributor to the losses. Sharp is planning to spin off LCD business unit and later it may consider stake selling, according to media reports.
Dec 02, 2015 10:53 PM EST
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