Indian indices rose ahead of Fed decision
Indian equities slipped into pressure as foreign investors pulled off heavily ahead of US Fed meeting. However, the benchmark indices recovered from six-year lows to end the trading on a positive note on Tuesday. The US Fed rate hike is discounted by India amid lower oil prices. Indian imports oil for its 80 percent of energy requirements. Fund managers are bullish on Indian markets for 2016. The surge in consumer prices is positing a tough task for RBI Governor Raghuram Rajan.
Dec 16, 2015 3:37 AM EST
Yuan at 4-year low against the US dollar
After being added to IMF's basket of currencies, Chinese Yuan fell for eight out of 10 sessions, recording its longest run of losses since June. The Chinese currency against the US dollar dropped to four-year low. However, it rose against 11 of 16 major currencies. Chinese central bank in a statement said that Yuan shouldn't be measured by its fluctuations only against the US dollar, but also against other major currencies.
China restaurant charges diners for breathing unpolluted air
An eatery in Jiangsu Province, China, has charged customers an air cleaning fee on their food bills. The local government said that the fee is illegal and ordered the restaurant owners to fix their pricing system.
Pepsi to uncork new Gatorade in 2016
PepsiCo will launch Gatorade sports drink in 2016 as the global soft drink major is looking beyong carbonated drinks. The company sees growth potential in organic drinks market. PepsiCo CEO Indra Nooyi recently said focusing on carbonated soft drinks was a thing of the past.
Latest News
AEP reaches settlement on coal-fired power plants in Ohio
AEP Ohio said that it has reached a settlement with Ohio state regulators and other parties for long-term contracts with its coal-fired generators. The agreement is expected to be ruled in early 2016.
Dec 15, 2015 10:31 PM EST
Mercedes-AMG unveils the new convertible S65 Cabriolet with powerful V-12 engine
The new Mercedes-AMG S65 Cabriolet will be unveiled on public at the Detroit Motor Show next month. The new convertible S-Class Cabriolet based is powered by powerful V-12 engine that can deliver speed at up to 186 mph.
Dec 15, 2015 10:18 PM EST
Deeper recession, faster CPI, higher rate squeezing Brazil
Latin American nation Brazil is suffering from rising inflation, unemployment and drop in economy growth. The Brazil's central bank is expected to raise interest rate in 2016 and this will further enhance borrowing costs putting more pressure on business and industry.
Dec 15, 2015 9:49 PM EST
Forbes releases report on the Evolution of Marketing Content Operations
Forbes CMO Practice reported how marketing content is rapidly evolving, how it affects the bottomline, and how it defines the role of a company’s chief marketing officer.
Dec 15, 2015 8:07 PM EST
The AnnaBis: The Purse that Hides the Smell of Your Weed Stash
Two women in New Jersey have created the AnnaBis accessory line. The purses and clutches all have liners that mask the smell of weed.
Dec 15, 2015 5:11 AM EST
China leaves US, Japan behind in patent race
With 928,000 patent applications in 2014, China emerged as the leading country in the patent race, surpassing the US and Japan, which ranked at second and third positions respectively. China's patent applications rose 12.5 percent during the year, the US grew 1.3 percent, while Japan declined by 0.7 percent. The total number of patent applications in 2014 were 2.7 million.
Dec 15, 2015 4:00 AM EST
Baidu Self Driving Bus to Hit the Road in Three Years
Baidu Inc., the China Internet giant prepares its self-driving bus to hit the road in the next three years.
Dec 15, 2015 3:54 AM EST
Kia Self Driving Car Will Roam Nevada Road
Nevada public road will see a KIA car without driver roaming the road as the Korean company obtain a license to test its autonomous driving technology.
Dec 15, 2015 3:52 AM EST
Despite BG takeover, Shell to slash jobs
Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.
Dec 15, 2015 3:42 AM EST
Prismatic will shut down its news app for iOS, Android and Web
Prismatic declared that it will no longer be available for iOS, Android, and web news reader products
Dec 15, 2015 3:41 AM EST
Airbus owners reach out future operators for Singapore Airlines’ planes
The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.
Dec 15, 2015 3:36 AM EST
Asian stocks trade lower on thin volumes; Oil below $36/ bbl
Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.
Dec 15, 2015 2:08 AM EST
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
