South Korea's bonds volatile amid uncertainty over rates
Korean bond market has been volatile as they rose on account of US interest rate and fell owing to domestic rate of interest factor. The Korean bond market is witnessing upward and downward movement owing to varied hopes on interest rate changes. .
Oct 14, 2015 9:06 PM EDT
Asia stocks follow US shares amid China rout
Taking cues from the US markets, Asian stocks further moved lower for the second session. moderating inflation and slump in factory-gate prices in China's economy have impacted the bourses in negative way. Almost all the major Asian indices turned weaker.
It's tough time for Goldman Sachs to sell Concordia debt amid pharma disruption
The Canada-based Concordia Healthcare Corp is in the process of buying Amdipharm Mercury, a drug maker, for $1.9bn. Goldman Sachs is the underwriter and sees a bleak situation for Concordia's debt selling including $1.1 billion term loan and $762mn (GBP500mn) loan for marketing to support the takeover.
Volkswagen emissions scandal alarms China quality watchdog
Volkswagen scandal has not spared China from the software that creates false results for emission tests. This cause AQSIQ and the Chinese government to conduct a separate investigation regarding the issue. VW will be hurt most if China takes its toll on the automaker since the country comprises a third of its total global sales.
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Optimistic OPEC secretary-general expects balanced oil market in 2016
The OPC secterary-general is very positive that by 2016, the oil market will regain its strength and recover from the deep plunge from the previous years. The output remains the same to control the supply and price as well. Non-OPEC countries will soon join depending on the discussion in the meeting that will be held this month in Vienna.
Oct 14, 2015 7:45 AM EDT
Facebook is testing new features for mobile shopping
Facebook wants you not only to connect with friends and family but also with brands. The social network has announced that it is testing features that will enable consumers to buy products using its app.
Oct 14, 2015 7:43 AM EDT
Former Merck & Co analyst enters guilty plea for insider trading
A former Merck and Co Inc analyst was sentenced to more than three years in prison and fined almost $700,00 due to his involvement in insider trading. He was accused of having tips his school friend regarding the information leading to his friend obtaining profit from the information.
Oct 14, 2015 7:41 AM EDT
CItigroup will scale down its block trading business
Citigroup spokesperson said that the bank will scale down its block trading business in the next quarter. The decision came after the bank saw a huge risk in the trading business as the global economic goes into an uncertainty phase.
Oct 14, 2015 2:14 AM EDT
Ferrari needs better strategy to attract more investors
Ahead of Ferrari initial public offering, analysts are concern that the company will not be able to give a great return in the long run. However, the company's chairman is optimistic that the brand will be able to grow better after its IPO.
Oct 13, 2015 9:07 PM EDT
Ex-JPMorgan banker may become Barclays' CEO
Barclays Plc may appoint Jes Staley as its new CEO. The UK's third largtest bank is expected to make announcement within two weeks. Staley is former banker at JPMorgan Chase. Antony Jenkins, previous CEO, was fired by the bank in July as he lost support from non-executive directors.
Oct 13, 2015 8:54 PM EDT
New Hampshire Local Businesses Undergo a Program for Tourism Promotion
The state of New Hampshire will make another effort to boost up their state economy by promoting more French-Canadian tourism. The local businesses will be undergo a program called, "Bienvenue New Hampshire", that will teach them to create a "Quebec business friendly" environment in New Hampshire.
Oct 13, 2015 8:36 AM EDT
Nike seeks to enable shoppers to 3D print shoes at home
Nike is taking the manufacture of shoes to a whole new level. The company says it is now in the process of developing a technology that will enable customers to 3D print their footwear... at home.
Oct 12, 2015 11:35 PM EDT
Daraprim price hike could affect the pharmaceutical industry
The price hike for Daraprim drug which has been used as one of the drug for treatment of serious disease is causing a public protest and even politician disagree with the move. The news is affecting the image of the pharmaceutical industry and could spell problem for the industry.
Oct 12, 2015 8:49 PM EDT
Greece economy will rise by the middle of 2016
Greece economy is gradually growing after years of recession. This is a good sign that by the middle of next year, Greek has recovered from its economic issues.
Oct 12, 2015 8:19 AM EDT
IFC sees Panda bond market exceeding $50B by 2020
IMF forecasts that the Panda bond market in China is expected to surpass $50-billion mark in next five years. IMF executive board meeting is scheduled in November to discuss Chinese currency inclusion into IMF basket of reserve currencies.
Oct 12, 2015 3:29 AM EDT
273,000 retirees could face benefits cut
Around 273,00 retirees and members of Central State Pension Fund could face benefits cut if the proposal is approved by the Treasury Department. However, the fund's executive director said that he will try his best to provide the best solution.
Oct 11, 2015 9:08 PM EDT
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