Nov 29, 2023 Last Updated 17:14 PM EST
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News

California Judge Agreed Charter's Acquisition of Time Warner Cable With Conditions

The decision was announced on Tuesday. California administrative law judge recommended to approve acquisition of Time Warner Cable by Charter Communications with significant conditions.

News

Goldman Sachs to Pay $5 Billion Settlement Over Troubled Mortgage-Backed Securities

The lender must pay settlement for its misconduct in selling securities backed by troubled mortgage in 2008. The agreement reached Monday.

News

EU Resumed Investigation on Halliburton and Baker Hughes Deal

European Union antitrust regulator resumed its review on the takeover of Baker Hughes by Halliburton. European Commission plan to reach decision in August whether to approve or veto the deal.

Markets

Planning For Output Cap in Oil Production Amid Rising Oil Prices Surprises Analysts

Crude oil prices have been witnessed to drop a little after hitting the four-month high, but still manage a few profits for the Asian oil producers. Amid such market situations, oil producers including Russia and Saudi Arabia have reached a consensus for putting cap on oil production. The output cut decision has surprised the analysts since increased market price naturally boosts up production.

Markets

San Fransisco and Dallas Fed President Expected to See Interest Rate Hike Soon

Two other Fed presidents suggested the US central bank to raise interest rate. San Fransisco's John Williams said two or three rate hike in 2016 is reasonable. While Dallas' Rob Kaplan reminded to be patient.

News

PJT Partners' shares fall deeply following the arrest of former executive

On Monday, Andrew Caspersen, a previous partner of PJT Partners, was arrested for committing a Wall Street fraud. The US prosecutors accused Caspersen of defrauding $95 million from investors.

News

Crown Finance Launches Freedom Home Loans

New Zealand home buyers have the new option for home loan. On Tuesday Crown Finance Limited launched its Freedom Home Loans.

News

US Firms are Attracted to Invest in Israeli Cannabis R&D

Firms in United States are looking into Israeli cannabis research and development. Israel, the pioneer in high tech agriculture is now leading the medical marijuana R&D.

News

India Announces Guidelines For Online Market Places Allowing 100% FDI

Indian finance ministry has issued a new set of guidelines for regulating the online market places. The guidelines also include definition of ‘ecommerce’, ‘inventory based model’ and ‘market place model’ to bring clarity in this sector. However, clarity in segmentation of ecommerce business has been applauded by the analysts.

News

Wall Street Responded Janet Yellen Remark With Positive Sentiment

Wall Street hits the record high in 2016. The market reacted positively after the Fed chairwoman's speech in the Economic Club Of New York on Tuesday.

News

Russia's oil giant Rosneft promises to make investments amid weak oil prices

Rosneft, the Russia-based oil firm, has promised to make investments of roughly EUR 13 billion annually through 2018, which is an increase of 30% for the year 2016.

News

US Seeks to Strengthen Economic Relationship with ASEAN to Counter China

As China has increased its influence in Southeast Asia, U.S. stepped in. United States plan to match China in rebalancing Asia by increasing partnership with ASEAN.

News

BoE Increases Capital Buffer Ceiling To Facilitate Probable Post Brexit Lending Market

The Financial Policy Committee (FPC) of Bank of England (BoE) has warned on Tuesday about possible financial outlook after Brexit. To tackle the possible lending market debacle, the committee has raised bank’s capital buffer requirement. However, the move has been criticized by the Brexit supporters whenever the referendum poll gets nearer.

News

Prime Minister Li Keqiang is Optimist for China's Economic Recovery

In the annual Boao Forum for Asia (BFA) last Thursday, Premier Li Keqiang deliver keynote speech. He pledged the government will refrain to intervene in economic and market.

News

Mexico's January economic activity increases 2.9%

Economic activity in Mexico increased 2.9% during January 2016 from the corresponding period in 2015. The rise in economic activity was due to a robust performance by three sectors in the country.
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Latest Stories

Walmart Diversifies Supply Chain by Sourcing More Goods from India

As part of its efforts to reduce costs and diversify its supply chain, Walmart is importing more items into the United States from India and decreasing its reliance on China, according to data seen by Reuters.

Australia Imposes Ban on Vapes to Safeguard Public Health: How Will It Affect Businesses?

Australia will prohibit the importation of disposable vaporizers in January, with the aim of reducing childhood nicotine addiction.

Apple and Goldman Sachs Face Uncertain Future in Credit Card Partnership

According to a source familiar with the situation, Apple has offered Goldman Sachs a proposal to sever its relationship for credit cards and savings accounts within the next 12 to 15 months.

Travel Vouchers May Be Too Good to Be True

With Tuesday being the day after Cyber Monday, which is becoming recognized for airline and hotel sales, travel booking websites are launching promotions on Tuesday.

US Consumer Optimism Surges as Holiday Shopping Season Gets Underway

The Conference Board, a business research organization, said on Tuesday that its consumer confidence index increased to 102 in November from 99.1 in October.

Must Read

Shein Files for U.S. IPO As $66 Billion Chinese Fashion Giant Expands Globally

Shein has quietly registered to go public in the United States as the Chinese-founded fast-fashion giant seeks to broaden its appeal internationally with a much-discussed IPO.

Fast Food Inflation Persists: McDonald's and Other Chains Brace for Continued Price Hikes

Fast food gained popularity due to its low cost and quick service, but consumers are discovering that its dishes no longer provide the same value as they previously did.

Citigroup Loses Key Municipal Bankers to Jefferies Amidst Department Shakeup

A umber of healthcare-focused bankers at Citigroup departed for competitor Jefferies Financial following discussions among the company's leadership about completely discontinuing the municipal banking division.

Debt-Ridden States: The Heaviest Student Loan Burdens in the Nation

According to a recent research, Maryland has the highest average student loan debt per borrower-more than $40,000-of any state.

UK Doctors' Strike Threat Recedes as Government Agrees to Pay Rise

Officials claimed Monday that the British government reached an agreement with leading physicians in England that might put an end to a string of disruptive strikes.

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