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JPMorgan alerts Japan Inc to brace up for ¥100/USD

The latest forecast form JPMorgan Chase & Co has alerted the Japanese industry to be ready for the rising Yen to ¥100/USD in 2016 from the current 121. However, it also said that the surge in currency value may not harm drastically. Contrary to this, another survey carried out by Nikkei Research for Reuters indicated yen would fall to 130 per dollar.

Dec 26, 2015 08:17 PM EST


Westinghouse is nearing a nuclear deal with India

Westinghouse Electric Co. expects to reach a deal with India by the end of next year to provide at least six nuclear reactors. The company is expected to build around 60 new nuclear reactors in the country.

Dec 26, 2015 08:11 PM EST


Starbucks upbeat on record gift card sales on Christmas Eve

American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.

Dec 26, 2015 08:08 PM EST


Colombian Narco Submarine With 3 Tons of Coccaine Was Caught

A narco submarine was caught off the islands of Galapagos. The submarine was bound to U.S., carrying 3 tons of coccaine.

Dec 24, 2015 04:16 AM EST


ConocoPhillips exits Russia

After 23 years of doing business in Russia, ConocoPhillips has withdrawn from the country. It has confirmed the sale of 50 percent stake in Polar Lights, a joint venture with Russian government-owned Rosneft. Western sanctions on Russia are also impacting the oil and gas industry amid lower oil prices.

Dec 23, 2015 09:54 AM EST


US holiday travelers save big on cheaper gasoline - oil price watchdog

The average US gasoline price per gallon is hovering below $2. The US holiday travelers are expected to save $1.6 billion on gasoline this year. The US gasoline price eased to lowest since 2008.

Dec 23, 2015 10:11 AM EST


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 09:33 AM EST


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