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Japan's Nikkei turns negative for the year to date

Japan's Nikkei dipped into negative territory for the year following a 2.4% plunge Tuesday. Despite better-than-expected growth in the second quarter, investor sentiment was weighed down by weak trade data from China.

Sep 11, 2015 9:10 AM EDT


Drop in UK export brought fears for pound's stability

UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.

Sep 11, 2015 9:09 AM EDT


Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth

The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.

Sep 11, 2015 8:52 AM EDT


Avon to raise funds via PE, stake sale; stock turns volatile

The US-based beauty products company Avon is making every effort turn it around. To raise the funds, the company is tapping PE route in addition to exploring stake sale. After the fund raising news hit the market, shares become highly volatile on NYSE.

Sep 11, 2015 8:47 AM EDT


Lockheed Martin Corp. files protest over U.S. Army's award of a $30B project to Oshkosh Corp

Lockheed Martin Corp. had filed a protest with U.S. Governemtn Accountability Office to overturn U.S. Army contract awarded to Oshkosh Corp. Results will be out on December 17.

Sep 11, 2015 8:45 AM EDT


Freeport-McMoRan hires JPMorgan to help explore options

Freeport-McMoran hires JP Morgan after activist investor Carl Icahn said that teh company is undervalued and in need of corporate change.

Sep 11, 2015 8:41 AM EDT


U.S. stocks scored high as investros wait for Fed decision

The S&P 500 gained 0.5 percent on Thursday evening with Apple Inc. stock, boosting the index with an increase of 2.2 percent. However, investors are still cautious as policy makers are set to hold a meeting next week to decide regarding rate hike.

Sep 11, 2015 8:36 AM EDT


Shanghai Gold Exchange allows gold, other securities as collateral trading

Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.

Sep 11, 2015 8:27 AM EDT


Kmart brings back layaway program, launches No Money Down Leasing for holiday shoppers

There are two options to purchase from Kmart this holiday season: the No Money Down Layaway Program and the No Money Down Leasing Program. The options which started last week will run until the end of November.

Sep 11, 2015 6:50 AM EDT


French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014

French industy forcasted a 0.2 increase in production but had it unexpectedly drop to 0.8%, a number lowest since November 2014.

Sep 11, 2015 6:13 AM EDT


Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"

Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.

Sep 11, 2015 6:11 AM EDT


Glencore Billionaire Willing To Pay $210 Million Bill To Help Company's Balance Sheet

Glencore’s Chief Executive Officer Ivan Glasenberg is on the hook to pay $210 million of the company’s impending doomsday sale of $2.5 billion to bolster its balance sheet.

Sep 11, 2015 5:41 AM EDT