Oil price further skids on renewed global concerns
Oil prices on Friday eased further following the renewed fears about the global economy. The US central bank warned that global economy is weakening. China's economy is slowing down and growth rate is expected to be below 7% this year. Adding to this, Opec is firm on maintaining its production level. All these factors are increasing pressure on oil prices.
Sep 20, 2015 10:33 PM EDT
China growth rate may slip below 7% in Q3
The global markets witnessed major crash in August following the China's economy slow down, Yuan devaluation, discouraging manufacturing numbers, etc, Now, the markets are recovering. But, economists, fund managers caution that the party is not over. China may slip in recession in next quarter or six quarters later.
Is Russia bottoming out?
The latest Barclays' report shows that the rate of fall in the Russian economy is moderating. Real investments are also showing a sign of recovery though it was very marginal. The unemployment rate remains flat. Barclays Capital views that Russian economy is bottoming out, while economists caution that real wages were worst than forecast.
For Avon, it's better late than never
Avon stock price has declined because it refused to go with the flow of the modern day industry where a lot of businesses make use of social media and other means to promote their products to drawing customers and generate larger revenue.
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Oils Prices Rallied, But Recovery Still To Take Longer
Oil Prices increased Wednesday, but Shell is not expecting recovery any time soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.
Sep 17, 2015 9:18 AM EDT
Sprint's bonds tumble as Moody's downgrades US wireless major
The US wireless major Sprint backed bonds tumbled in the market following the downgrade by Moody's, which sees increasing burdeng of debt maturities, brutal competitions and lack of operational stability for the third largest US wireless company.
Sep 17, 2015 8:29 AM EDT
Sprint's iPhone plan, better than other US carriers
In a wireless world full of competition it leaves Sprint with no choice but to think of a smart strategy to outwit others. So far, Sprint has the best deal compared with other carriers, but who knows what will happen next with the price war still looming around.
Sep 17, 2015 8:14 AM EDT
Rise in low-income jobs makes the job easier for Fed in rate hike
The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in labor market in low-income jobs is giving much needed support to the US Fed.
Sep 16, 2015 9:29 PM EDT
N series reflects Hyundai's years of World Rally Championship car racing and testing
Hyundai introduces N sub brands among its newest vehicles at the Frankfurt International Motor Show 2015. Hyundai said the new series is the result of their participation in WRC for years. The N 2025 Vision Gran Turismo were highlighted It was exclusively designed for PS3.
Sep 16, 2015 11:09 AM EDT
IPhone 6S and 6S Plus to exceed last year sale; Apple opened high in the stock market
Apple's iPhone 6S and 6S Plus are projected to exceed last year's sale of 10 million units worldwide. Analysts also watch Apple as it goes four week high in the stock market.
Sep 16, 2015 2:22 AM EDT
NY regulator, 4 banks agree on Symphony messaging
The New York State's Department of Financial Services has involved a consortium comprising 14 banks on Symphony messaging services. Towards this, Bank of New York Mellon, Deutsche Bank, Credit Suisse and Goldman Sachs have reached an agreement with the NY regulator.
Sep 15, 2015 12:38 PM EDT
Credit Suisse fined $80M in dark pool trading charges
Credit Suisse will have to pay $80-mn fine to US SEC in a settlement of charges against it in dark pool trading. Credit Suisse operates the US largest alternative trading platform, on which dark pool accounts are traded for high frequency investors.
Sep 15, 2015 10:14 AM EDT
UniCredit to slash 7% workforce in cost-cutting drive
Italian banking major UniCredit is downsizing its workforce as part of its cost cutting measures. The bank is expected to slash 7,000 jobs mostly in Italy, Germany and Austria. However, the total number of job cuts is likely to reach 10,000 level. Low interest regime is impactign the bank's performance.
Sep 15, 2015 10:11 AM EDT
Is Jeb Bush really anti-Wall Street?
Jeb Bush, the Republican contender for US President position, is for lower tax rates, while promising for eliminating 'carried interest' of the rich and influencial people in the US corporate sector. Economists and election analysts consider this is an effort get an image among blue-color voters. In reality, Bush's plans help the rich indirectly, analyse the economists.
Sep 15, 2015 10:00 AM EDT
China unveils details of state-firm reforms as growth sputters
New state firm reformed announced by Chinese authority on Sunday will see the firm being integrate in fewer firm. Through the reform, state-firm will also be given freedom to attract private investors into the firm.
Sep 14, 2015 9:50 AM EDT
Oil Search Ltd rejects $8B takover offer by Woodside
Australian oil major Oil Search Ltd has rejected the $8B takeover bid from Woodside Petroleum. Oil Search's board viewed the takeover offer as low price translating into lower valuation of the company and it doesn't serve shareholders' interests.
Sep 14, 2015 9:43 AM EDT
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