Markets


Latest News


China to drop down its copper imports following weak domestic demand

China is going to import less copper as its domestic demand weakened driven by slowing economy growth. The weakened copper consumption in China has dropped down the metal's prices.

Nov 16, 2015 5:50 AM EST


Marc Andreessen sold $160 million worth of his Facebook Shares

Marc Andreessen has sold almost 75 percent of his Facebook stock in the last two weeks based on SEC filings. According to the same filings, 1.5 millions of shares has been sold by Andreessen.

Nov 16, 2015 5:35 AM EST


US Fed may hike interest rate in December

The top officials at US Federal Reserve are indicating a possible rise in interest rate in next December meeting if economic data is supportive. On the other hand, the rising dollar and weak global economy are impacting US exports, while easing pressure on imports.

Nov 16, 2015 3:05 AM EST


Alibaba Group may acquire SCMP group

Alibaba Group, a China-based e-commerce major, is said to be in negotiations to acquire SCMP Group, which runs China Daily. Alibaba is investing in media companies.

Nov 16, 2015 3:01 AM EST


Amazon offers great deals through 'Amazon Pantry'

American online retailer Amazon, announced to launch its subscribers based prime scheme. Now the members would be offered the choice of 4000 daily essentials and out of which they can fill up their Pantry box as much as 20 kg for one-day delivery.

Nov 16, 2015 2:39 AM EST


Russian GDP shrinks 4.1% in Q3; fall rate eases

Russian GDP fell 4.1% during the third quarter, but it slowed down when compared with the second quarter's drop of 4.6%. The Western sanctions, oil price drop and lower investment activity are taking a toll on the Russian economy. The oil and gas sector is a major contributor to the Russian economy.

Nov 16, 2015 1:16 AM EST


UK Sold Northern Rock Mortgages To US Worth £13bn

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

Nov 15, 2015 6:36 AM EST


McDonald's drops realty, focuses on turnaround plan

McDonald's has dropped the plan of spinning off its real estate assets to Real Estate Investment Trust (REIT) and instead it'll focus on turnaround plan. The hamburger chain is also expanding its restarant network on franchise basis. McDonald's is also changing its menu list and process of products to alure more number of diners. It has also increased dividend payout to shareholders.

Nov 15, 2015 6:18 AM EST


Major oil firms have biggest war chests for takeovers

The top six oil companies have combined warchest of $0.5 trillion to support takeovers. The world's top six oil companies are ExxonMobil, Chevron, BP Plc, Shell, ConocoPhillips and Total. With lions' share of $320 billion funds, ExxonMobil Corp is leading the list ot top oil comanies with huge liqudity in cash and stock.

Nov 15, 2015 6:04 AM EST


Paris-Based Fashion Brands Wants lawsuit to continue against Alibaba

Kaering SA, parent company of brands such as Yves Saint Laurent and Gucci suing Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate.

Nov 15, 2015 5:51 AM EST


Bargain buying creates robust US demand for gold

The August market crash and other adverse conditions in the global economy had created robust demand for the yellow metal in the US. Amercians concerned over market mayhem started buying gold bards and coins boosting the demand growth by a whopping 207 percent. during the third quarter. Equity analysts term it as bargain buying of US investors that pushed god demand spriraling up.

Nov 15, 2015 5:28 AM EST


US Lifts Economic Sanctions Against Liberia After Decades

The United States lifted economic sanctions against Liberia on Thursday as Prresident Barack Obama cited the country's tremendous progress and committment to democracy.

Nov 15, 2015 3:38 AM EST