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US and European Stock Slid After Paris Attack; Market Shows Growing Resilience

US and European stock and futures experienced downturn after Friday's terrorist attack in Paris. Market around the world also reacted, but overall global market resilience have increased.

Nov 16, 2015 9:50 AM EST


EasyJet expected to announce £700 million of profit next week

London-based low-cost airline carrier, EasyJet is set to post its highest ever annual profits of about £700 million next week. Analysts are optimistic that recent hike in the number of passengers will offset the Sharm el-Sheikh crisis.

Nov 16, 2015 7:54 AM EST


French financial markets wary of terror attack aftershock

French market open as usual after the terror attacks that left hundred of people wounded and died. Most stocks, including those connected with the country's tourism sector could be most at risk of large falls.

Nov 16, 2015 7:42 AM EST


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