The average home price in London is set to double by 2025, while it's 50% surge in the UK, according to a latest study. The rise in housing prices is impacting consumer spending. The number of property millionaires is rising encouragingly since January. However, the new tax regime has slowed down the rate of growth in Scotland.

Dec 20, 2015 10:08 PM EST

Fiat Chrysler Automobiles NV has purchased 5.5 million emission credits from Toyota and Honda. Another one million credits from Tesla. Fiat Chrysler ended 2014 with a credit balance and without this purchase also, it would have been emission compliant, according to a report from the Environmental Protection Agency. Fiat Chrysler ranks last in fuel efficiency when compared with rival auto majors.

Dec 20, 2015 09:23 PM EST

The California based software giant’s profit forecast for the third and fourth quarter has failed touch the Wall Street investors and its price has been observed to fall by 1% in extended trading. Rising concerns over stronger Dollar has been considered as the attributed factor in forecasting while many blames for sluggish growth of its cloud business ignoring its growth figure of 31% during the last quarter.

Dec 18, 2015 05:36 AM EST

The US Federal Reserve has increased the interest rate by quarter percentage. Will it bring back the economy to normal, asked the economists. Purely linking interest rate hike, inflation and oil price drop doesn't serve the purpose., caution economists. There's also associated risks for emerging markets as well, caution economists.

Dec 20, 2015 09:31 PM EST

Obama administration supports Colorado and asks Supreme Court to reject the neighboring state pleas. The marijuana legalization is supported by the Obama administration in this case.

Dec 17, 2015 09:43 PM EST

Christmas holiday is the time of bringing together family and friends to celebrate love and peace. However, thieves and burglars take advantage of a vacant home at this time of the year to steal precious possessions. Few wise tips can help you secure your home while away on vacations.

Dec 19, 2015 01:03 AM EST

Deutsche Wohnen warned its shareholders that the Vonovia SE $10.9 billion hostile takeover on the company will fail.

Dec 17, 2015 09:04 PM EST

New Zealand's economy grew 0.9 percent in the third quarter, faster than what was expected by economists. It was buoyed by greater spending in the manufacturing and retail sector.

Dec 17, 2015 08:09 PM EST

IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.

Dec 17, 2015 03:36 AM EST

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

Dec 17, 2015 03:51 AM EST

The US housing activity rose 10.5 percent in November. The construction activity in the single-family housing touched eight-year high. Builders turned optimistic on the US housing market. The mortgage rates are set to go up after the US Federal Reserve hiking the interest rate.

Dec 17, 2015 03:50 AM EST