Consumer spending pumps up US economy to 2% in Q3
Led by consumer spending, the US economy grew two percent in third quarter as against 3.9 percent in the second quarter. Government outlay and business investment supported the US economy during the quarter while household buying kept up the demand during the third quarter.
Dec 23, 2015 9:33 AM EST
Lower oil price forces Shell to abort Arctic oil project
Anglo-Dutch oil major Shell has finally abandoned its drilling operations in Alaska Arctic region citing reason of oil price drop. Shell has been facing several regulatory and climatic challenges in addition to protests from environmentalists. The oil price has been hovering at $40 a barrel throughout 2015.
Kazakhstan ups gold buying spree with Russia
Kazakhstan, Russia and Turkey have been expanding their gold reserves. Kazakhstan continued to buy gold for 38 months in a row. Bullion analysts said that as part of their long-term strategic need, emerging economies are buying gold.
Kinder Morgan, Andersons set sights on ethanol projects
Anderson Inc and Kinder Morgan Inc have drawn up separate plans for ethanol projects. The demand for ethanol is rising as gasoline consumption is increasing on cheaper prices. It's expected that ethanol blend may surpass the 10 percent blend wall limit in 2016.
Latest News
Top iron ore shipper forecasts 19% drop in 2016
Australia's Department of Industry & Science has lowered price forecast on iron ore for 2016 to $41.30 a metric ton from $51.20. Iron ore is the largest export earner for Australia, The export revenues fell 43 percent in 2015. The oversupply and slump in Chinese commodities market are keeping more pressure on iron ore prices.
Dec 22, 2015 9:37 PM EST
United Airlines' dog therapy to ease travel stress
In addition to cookies, good coffee and other refreshments, United Airlines is offering an innovative service to its passengers to deal with stress. The airline is keeping trained dogs at seven major airports for its passengers to spend waiting time. Research shows that dogs help people getting out of the stress.
Dec 22, 2015 9:53 AM EST
Want an Alternative to the Traditional Utility? Look at Tanzania.
The future alternative to the traditional electric utility may emerge first in The East African nation Tanzania. This nation has developed the best system of regulating and spurring off-grid power systems anywhere in the world, according to the annual Climatescope study into energy investment trends in developing nations by Bloomberg New Energy Finance.
Dec 22, 2015 7:55 AM EST
Fake explosive device forces Air France flight to make emergency landing in Kenya
A fake explosive was found on an Air France plane en route from Mauritius to Paris, forcing it to make an emergency landing in Kenya.
Dec 22, 2015 2:00 AM EST
Ninebot One to solve personal transport system woes
Tianjin-based Tech Company Ninebot Inc plans to solve car park problems in big cities in China through its two-wheel self-balancing equipment.
Dec 22, 2015 1:41 AM EST
Russia will continue to develop nuclear weapons; but will not use them
Russia will produce more nuclear weapons but promises not to use them. Russian President Vladimir Putin says he will continue to develop nuclear weapons but has no intentions of using it.
Dec 22, 2015 1:38 AM EST
MIT's New Amazing App Lets You Program On Any Object
The MIT's Reality Editor application will give complete control over the smart gadgets in their households.
Dec 21, 2015 11:51 PM EST
Kuwait Airways cancels New York-London Flight to avoid serving Israelis
Kuwait Airways ditched its New York-to-London flights to avoid doing business with Israeli passengers since their country prohibits them from doing business with the Jewish state.
Dec 21, 2015 11:30 PM EST
Mercury Content in Callifornia Fog is Increasing
Scientiest found significant amount of mercury in the fog surrounding California Coast. The amount is harmless to human but a bad news to food chain.
Dec 21, 2015 8:37 PM EST
Puerto Rico Electric Power gets a breather on debt payment
Puerto Rico Electric Power Authority (Prepa) has got more time to work on the restructuring of debt and interest payment. This is for the fourth time Prepa received deadline extension. Prepa is holding discussions with insurance companies to guarantee its debt payment.
Dec 21, 2015 9:10 AM EST
Myanmar Beer takes competition head on with new logo
Myanmar Beer Ltd (MBL) is facing stiff competition from foreign brands for its local Myanmar Beer and other four products. Encouraged with robust sales volume, Denmark and Dutch brands are enhancing their brewing capacities in Yangon. Myanmar Beer Ltd is also gearing up to meet the competition and has taken up a restructuring plan. It is focusing on innovation and new products as part of the overhaul exercise to win over new customers.
Dec 21, 2015 8:44 AM EST
Samsung Galaxy S7 will have a Pressure-Sensitive Touch Screen With Retina Scanner
Samsung is going to launch a new Galaxy S7 with pressure-sensitive touch screen on March 2016. Samsung is going to launch a new Galaxy S7 on March 2016.
Dec 21, 2015 8:05 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
