Indonesia Deregulates Policy to Entice American Investor in the E-Commerce Sector
Indonesian President Jokowi will visit U.S next week and in his series of meetings he will also meet chief executives from high profile technology companies to invest in Indonesian e-Commerce sector.
Oct 27, 2015 9:52 PM EDT
Brazil analysts expect faster Inflation, interest rate calls for 2016
Brazil analysts see faster inflation and less cuts in the base interest rate for 2016. A central bank survey conducted on 100 analysts on October 23 shows that Brazil's Selic rate is projected to be 13 percent by the end of 2016.
Yen against euro may soar further in price swings
Anticipating that Yen would further strengthen against the euro following investors' betting on lower interest rates, the Japane's currency may further rise in price swings. Yen against the euro rose eight percent this year. Bank of Japan is likely to be under pressure to keep interest rate at lower level following the cues from ECB.
Sweden to cut spending, borrows more to accommodate overwhelming refugees
With the multitudes of refugees crossing its boarders, Sweden must have an extra $7 billion in 2016 and $8.2 billion every year until 2019 to accommodate the asylum seekers.
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Saudi Arabia may face cash crunch after 5 years
The Middle East (ME) region also may not sustain cheap oil prices for long. If oil price continues to hover at $50 per barrel, majority of Gulf nations will run out of cash in next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain.
Oct 26, 2015 8:47 PM EDT
Oil prices under pressure amid weaker demand outlook
Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. The oversupply position is also impacting the oil price in a negative way. Speculators are withdrawing from their previous bets on rising prices. The front-month US crude futures were trading at $44.65 per barrel 12 percent lower than the peak level in October.
Oct 26, 2015 8:34 PM EDT
BP and Shell Lost Billions of Profits Due To Oil Exploration Failure
BP and Shell were battered losing billions of profits because of oil price plunge and unsuccessful oil exploration. Contributing to the loss is the drop in China's demand for oil and Saudi Arabia's restraint on the oil production.
Oct 26, 2015 8:09 AM EDT
Chipotle has two years of bad sales growth
Non-GMO Chipotle suffers slow sales growth for two consecutive years and investors were not at all happy. It used to have an outstanding sales growth but for some reason, it has now been declining. The non-artificial food restaurant hired Curt Garner, Starbucks former chief information officer, to help reverse the situation.
Oct 26, 2015 7:43 AM EDT
Ethiopian Airlines To Operate New York Flight Route on 2016
Ethiopia's flag carrier, Ethiopia Airlines will launch the New York flight route nex year 2016. The airline also already purchase 20 new Boeing 777 aircraft types to be use for the new destination.
Oct 26, 2015 7:19 AM EDT
Royal Caribbean's Splendour of the Sea Experience Fire disruption while Sailing toward Argostoli, Greece
The Royal Caribbean's Splendour of the Sea suffers fire disruption last Thursday. The cruise line brand reported the incident on their social media, twitter. Consumer Advocate, Clark Howard was reported on board the said cruise ship and also reported the fire incident to his colleagues at the Atlanta local News 95.5 and AM 750 WSB.
Oct 26, 2015 6:53 AM EDT
Goldman Sachs' social impact investment showed successful result in Utah
Golden Sachs had invested $7 million to expanding the preschool program in Utah. This social impact investment had showed a successful result.
Oct 26, 2015 2:58 AM EDT
6.5 million cars recalled by Toyota for power window switch repair
This year could be dubbed as the year for car recall since a majority of car makers all over the world pulled out their vehicles due to defects and cheating emissions tests. As for Toyota, the defect is in its power window switch that could overheat, melt, and burn.
Oct 26, 2015 2:28 AM EDT
The Obamacare Website Healthcare.gov is Getting Important Updates
The US Health and Human Services announced new updates on Healthcare.gov. The updates will allow the consumers to see cost and benefits of insurance for 2016. It offers new shopping tools allowing consumers to compare costs and ensure their preferred doctor and prescription drugs are covered.
Oct 25, 2015 11:38 PM EDT
UK firms put to shame for escaping minimum wage laws
The UK government has publicly announced a list of 115 business firms that are not adhering the minimum wages act. As per the National Minimum Wages (NMW) norms, these companies together owe about £389,000 ($598,500), according to the UK government.
Oct 25, 2015 10:55 PM EDT
India's film industry struggles to perform well
Indian film industry is struggling to perform at box office collections. There's no correlation between number of movies released every year and revenues they generate for the film industry. The India's film industry is just grossing mere $2billion every year at the box office, while it registers about 2,000 movies annually.
Oct 25, 2015 10:01 PM EDT
Canadian Adventure Company, TDA Global Cycling To Introduce Antartica Cycling Tours on December 2016
TGA GLobal will lauch its Antartica Cycling Tours that will be called "The Last Degree" on December 2016. However, the said cycling doesn't come cheap to be expected.
Oct 24, 2015 9:02 AM EDT
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