Oil declines as U.S. crude stocks move forward
Worries arise for oil producers as oil prices went down again. But consumers will be glad as prices of commodities will surely fall next, giving more spending power to consumers particularly this coming holiday seasons.
Oct 24, 2015 8:03 AM EDT
U.S. Top Commanders Issued Order for Pilots to Stay Put to any Russian Military Planes in Syria
With the growing Russian military campaign in Syria, posssibilty of encounter between Russian and American airplane is inevitable. U.S. Top Commanders has commanded the pilot to proceed with standard aviation safety procedures
Refugee Crisis cuts Eurotunnel's freight train traffic by 33%
The influx of refugees from war-torn Syria and other Middle Eastern and African countries slashed the freight train traffic by about 33 percent in the Eurotunnel. The Eurotunnel connects France and the UK via under the Channel Sea.
US hits Moscow's 'red carpet' welcome for Syrian President Assad
The White House condemned how Moscow welcomed Syrian President Bashar al-Assad, accusing Moscow for impending progresses to political transition.
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Analysts says there is a bigger economic story behind the quarterly snapshots of Caterpillar and McDonald's
The third quarter report of Caterpillar and other heavyweight international companies could give a clearer picture of how the global economy is doing. It reveals that there really is a global economic slowdown.
Oct 23, 2015 6:42 AM EDT
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.
Oct 23, 2015 6:39 AM EDT
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.
Oct 23, 2015 6:38 AM EDT
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.
Oct 23, 2015 6:32 AM EDT
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
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