S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
S&P junks Brazil’s investment-grade credit Wednesday as the nation faces recession that is seen to last until 2017, as well as political strife.
Sep 11, 2015 5:31 AM EDT
Oil price decline makes gasoline less expensive
Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.
Eravacycline test failure plunges Tetraphase shares
It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.
Jeb Bush promises 4% growth in US economy
Jeb Bush, former governor of Florida, has promised 4% growth in the economy for the world's largest country.
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Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices
Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.
Sep 11, 2015 3:22 AM EDT
Wall Street turns to bitcoin technology as Nasdaq invests in Chain.com
Nasdaq, Citi, Visa and other companies invested $30 million in Chain.com, a Blockchain startup engaged in the virtual currency, Bitcoin. The investment made by Nasdaq is considered to be Wall Street's inclination towards bitcoin technology.
Sep 11, 2015 2:52 AM EDT
Exports, funds inflow pulled up Ireland's GDP
Supported by exports and capital investments, Ireland's GDP grew 1.9% during the second quarter and 6.7% on annualized basis. The Irish economy is among the fastest-growing European nations for the continuous second year. Ireland is also accepting refugees adn taking necessary measures to support them.
Sep 11, 2015 2:43 AM EDT
Beauty products are the next big thing in Korean export
While every country is struggling with their economy, Korea has found a new way to increase its growth. Through K-pop, Korean cosmetics will be one of the beauty products that every consumers will now use from different countries and in the coming future.
Sep 11, 2015 2:12 AM EDT
Europe milk over-supply makes it cheaper than water
Europe is selling milk cheaper than water. Because of the food embargo imposed by Moscow and the decreased demand of China, dairy farmers are struggling forcing them to sell their precious produce lower than their production cost.
Sep 11, 2015 2:00 AM EDT
Offshore Yuan drops as China steps back from market intervention
Offshore Yuan was rising on intervention of Chinese government and dropping, when the central bank restricting its support. As a result, Chinese currency is fluctuating in domestic and Hong Kong markets. The market intervention has resulted in huge drop in the country's forex reserves.
Sep 11, 2015 1:56 AM EDT
China economy concerns: It's overdone, says Goldman Sachs
Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.
Sep 10, 2015 11:42 PM EDT
HTC is being removed from a major index on Taiwan’s stock exchange on September 21
HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.
Sep 10, 2015 9:31 AM EDT
Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential
Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.
Sep 10, 2015 9:08 AM EDT
Bourbon SA Pulls Out 35 Vessels Due to Overcapacity, Widening Losses
Giant French ships supplier Bourbon SA pulls out 35 vessels from operation due to overcapacity in the market, which results to more losses.
Sep 10, 2015 8:42 AM EDT
Japanese stocks at a seven-year-high, 7.7% higher
Japanese stock market soared to a seven-year-high after Chinese economy stabilized. Japanese stocks went off the roof Wednesday as the country's Nikkei Index closed at 7.
Sep 10, 2015 8:40 AM EDT
The Investment Association Launches Major Crackdown on Executive Pay
Being one of UK’s most powerful shareholder groups, The Investment Association, has commissioned the Executive Remuneration Working Group to launch a major crackdown on soaring executive pay.
Sep 10, 2015 8:29 AM EDT
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