India restores Federal AIDS control program amid budget cuts
After witnessing criticism over budget cuts for the globally popular AIDS control program, The Indian government has decided to restore it on total Federal support. The Indian government had earlier cut down budget allocation by one-fifth and asked the state government to fill the gaps. The budget cuts resulted in the shortage of condoms as well.
Dec 03, 2015 3:34 AM EST
GazProm Halted Gas Supply to Ukraine Due to Non-Payment
GazProm CEO said that the Russian company has stopped its gas supply to Ukraine starting last Wednesday due to payment issue.
Greece Economy Decline More than Expected in Q3
Greece economy declines 0.9% in third quarter according to Elstad, the Hellenic Statistical Authority.
Bugatti Chiron will debut next year at the Geneva Motor Show
Bugatti confirmed Monday that the new supercar will be called the Chiron, and will debut next year at the Geneva Motor Show.
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The ‘Dawn of Justice’ - The Extraordinary Epic Duel Of Batman v Superman
Are you a die-hard follower of superhero movies? The New Year will be charged up with the back to back superhero movie releases. ‘Batman v Superman: Dawn of Justice’ is one of the heavy-weight mega-budget among them that people are waiting eagerly for.
Dec 02, 2015 1:53 AM EST
Spain, Italy, Germany beat expectations in November PMI
The PMI in November for the Eurozone was at 52.8 indicating encouraging growth in the industrial output. Spain, Italy and Germany beat forecasts, while France was lagging. All the European nations except Greece recorded growth on the support from new orders and surge in domestic demand.
Dec 02, 2015 12:51 AM EST
Macau's GDP sinks 24% in Q3
Macau's GDP fell over 24 percent in the third quarter. The continuous drop in gambling revenues, which account for two-thirds of its economy, has been taking a toll on Macau for the past 17 months. Chinese government's campaign against corruption and drop in VIP visitors are major reasons from dwindling gambling volume at casinos.
Dec 02, 2015 12:46 AM EST
Chinese buyers step back from US housing market
After witnessing peak level this year, the Chinese investments in the US property markets have suddenly changed the direction. The Chinese government's restrictions on capital outflows and devaluation of Yuan have become major hurdles for the dragon country's investments in the US housing sector. The economy slowdown and sluggish financial markets were prime reasons tha propelled Chinese investors to invest heavily in overseas markets mainly the US, London and Canada.
Dec 02, 2015 12:38 AM EST
Iron ore below $40 in Singapore on surge in supply
The slowdown in China is pulling down the demand and putting more pressure on iron ore prices. The iron ore futures contracts in Singapore fell below $40 a ton for the first time. The market players are concerned over continuous supplies of iron ore. Many steel mills have decided to cut down production level from 2016 onwards.
Dec 01, 2015 10:23 PM EST
JPMorgan leaves bonus pool unchanged since 2014
The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.
Dec 01, 2015 9:53 PM EST
Court orders Anadarko to pay $159.5M penalty for 2010 Deepwater Horizon oil spill
Petroleum company Anadarko was ordered to pay $159.5 million as part-owner of BP's Macondo Well that caused the biggest oil spill in the U.S. The oil spill caused an explosion that killed 11 people and a massive oil spill in Gulf of Mexico in 2010.
Dec 01, 2015 9:24 PM EST
Experts and Property Companies Doubt George Osborne Housing Plan
Britain's Finance Minister George Osborne annnounced that housing is the biggest priority in his 2015 bi-annual budget review in the House of Commons.
Dec 01, 2015 5:28 AM EST
Oil prices strife ahead of OPEC meeting
All eyes on the forthcoming OPEC meeting as oil prices are reeling under pressure amid the global glut in oil supplies and surging US dollar are impacting severely. The US inventories rose to highest in the past eight decades.
Dec 01, 2015 4:24 AM EST
Tokyo stocks fell amid concerns over Japan’s weaker industrial production
Japanese stock fell after data showed that Japan's industrial production fell short of expectations in October. All but three of 33 industry groups of the Topix index took a dive.
Dec 01, 2015 4:11 AM EST
Sweden’s economic growth in third quarter beats expectations
Sweden's third quarter economic growth was double than the rate predicted. The economy grew 0.8 percent while analysts forecasted 0.4 percent from the second quarter 2015. Exports rose by 2.1 percent while the private consumption rose 0.7 percent.
Dec 01, 2015 2:33 AM EST
Shell Chemical to expand alpha olefins production plant in Louisiana
Shell Chemical will expand its petrochemical site to produce alpha olefins chemicals in Louisiana. The company will invest $17 million for the expansion. The construction will begin in the first quarter of 2016.
Dec 01, 2015 2:30 AM EST
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