Grupo BTG Pactual shares and bonds plummet, ratings downgraded after billionaire CEO Andre Esteves detention extended by court
Following the arrest of Banco BTG Pactual's CEO billionaire Andre Esteves, the Supreme Court in Brazil extended his detention indefinitely. Shares and bonds of Banco BTG plummeted while Moody's Investors Service downgraded its baseline credit assessment by two levels.
Dec 04, 2015 2:18 AM EST
Celebration of St. Andrews Day with Romanian Flag in Facebook: Scotland FB Users Upset
Scotland FB users are unhappy over the FB’s suggestion to celebrate St. Andrews Day with a Romanian flag. However, Facebook rectified as soon as it realized the situation through social media.
Trendy Urban Breather Mask by Vogmask to Combat Air Pollution: Coming Soon in India
Nowadays, environmental pollution is one of the major causes for people untimely demises. Vogmask is set to launch trendy designer mask for protection against air pollution. The product will soon come to the Indian market with limited edition collection.
Mobile is king of the sky: United Airlines to buy 6,000 iPhone 6 Plus for its customer service employees
United Airlines will buy 6,000 iPhone 6 Plus for the airline's customer service representatives, adding 23,000 of iPhone 6 Plus it bought last year for its flight attendants. The airline's pilots have been using iPads since 2011.
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JPMorgan teams up with On Deck Capital to roll out new lending product
JPMorgan Chase has teamed up with On Deck Capital to accelerate the loan processing for the small business segment. On Deck Capital is an online provider of high-cost lending and will offer its technology platform for JPMorgan to speed up loan processing for its four million customers. JPMorgan will launch new Chase product in 2016 taking care of small-dollar loans.
Dec 03, 2015 3:54 AM EST
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.
Dec 02, 2015 2:32 AM EST
Greece Economy Decline More than Expected in Q3
Greece economy declines 0.9% in third quarter according to Elstad, the Hellenic Statistical Authority.
Dec 02, 2015 2:16 AM EST
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.
Dec 02, 2015 2:02 AM EST
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
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