New Canadian prime minister to pull out troops in the bombing campaigns against ISIS in Syria, Iraq
Canada’s new prime minister designate Justin Trudeau recently talked to US President Barack Obama to pull out troops operating in the bombing against ISIS in Iraq and Syria.
Oct 23, 2015 6:40 AM EDT
China says increasing outflow of money is normal, no sign of panic capital flight
Administration of Foreign Exchange (SAFE) Deputy Head Wang Xiaoyi said the recent outflow of money from China is normal and that it should not be regarded as capital flight.
Early Christmas: Greece to get first €3B of aid package
The Greece government is poised to receive the €3-billion aid installment of €86-billion bailout package. The European Economics Commissioner Pierre Moscovici made an announcement to this effect. The European commission will deal with the recapitalization of banks and Greece's debt in November or December.
Nasdaq clocks 12% rise in profit on high trading volume
Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.
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Brazil keeps interest rates unchanged at 14.25%
Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.
Oct 23, 2015 6:30 AM EDT
U.S. cities with highest rental rate increase
Rents are increasingly higher in the South and Pacific compared to the cities located in the Northeast and Midwest. California and Florida are two cities among with the highest rent hike.
Oct 23, 2015 4:07 AM EDT
Amazon to increase workforce for the holiday seasons
Holiday season is fast approaching prompting every store, online or not to accommodate customer demand on sales and customer service.
Oct 23, 2015 2:49 AM EDT
Australia further delays $70-bn Shell's acquisition plan of BG
Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .
Oct 23, 2015 2:23 AM EDT
Drop in China sales hits Hyundai's profit
Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.
Oct 23, 2015 2:16 AM EDT
Carl Icahn will spend $150 million to lobby the congress
Carl Icahn had sent letters to vorious congress leader and key members to reform current tax law. According to Icahn, he is planning to lobby the congress by putting $150 million into the Super-PAC.
Oct 22, 2015 10:33 PM EDT
British Airways to Restart Gatwick LGW to New York JFK route on May 2016
United Kingdom's flag carrier, British Airways is reopening the Gatwick LGW to New York JFK route on May 2016. The said route was teminated several years ago due to commercial reason suspension.
Oct 22, 2015 8:44 AM EDT
United Kingdom To Give off Two Year Multiple Entry Visas to Chinese Tourists to Boost UK Tourism Economy
Amid the Chinese President, Xi Jinping state visit in United Kingdom, the British Prime Minister announced that they are granting Chinese visitors two Year Multiple Entry Visas. The British government is also aiming to strengthen the China-UK relationship.
Oct 22, 2015 8:33 AM EDT
Volkswagen deals with multiple lawsuits, costing billions of euros
It's not yet over for the issues that Volkswagen have to face. It's been dealing with multiple charges one after another making the German automaker spend a lot money due to fines, litigation, and expenditures for the fixing of the affected vehicles.
Oct 22, 2015 4:06 AM EDT
US Treasury makes forceful call on Puerto Rico debt plan, seeks Congress support
The measures by Barack Obama-led US government to keep more pressure on law makers to bring Puerto Rico out of the economy crisis are facing strong resistance from Republicans. The US Treasury has listed out proposals, for which it sought support of Congress to enact them to help the US territory Puerto Rico
Oct 22, 2015 2:00 AM EDT
Starbucks and Fiat are required to pay back millions in taxes to Dutch and Luxembourg Government
The European Commission agreed that both Starbucks and Fiat have been benefiting under illegal tax system. Based on the new ruling, more corporation are expected to be under investigation soon.
Oct 22, 2015 1:47 AM EDT
Canada's new Liberal Prime Minister under pressure to deliver promises
Right after defeating his Conservative opponents, Canada’s new Prime Minister-designate Justin Trudeau is immediately under heavy pressure to perform.
Oct 21, 2015 9:17 PM EDT
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