Zomato cashless payment service shuts down operation in Dubai
Zomato, the restaurant service based in India is pulling out its cashless payment system in Dubai. Conflicts over its market and expenses made the company decide to shut it down.
Oct 20, 2015 2:48 AM EDT
China cloaks weakest growth since 2009
The world's second largest economy witnessed its lowest growth rate in the last two decades. China's gross domestic product (GDP) growth rate dipped below seven percent during the third quarter for the first time after the financial crisis. The economy growth rate for quarter ending September recorded 6.9 percent below the Chinese government's target of seven percent and slightly better than forecast of 6.8 percent.
China dumping US debt as North America's domestic buying soars
The China's withdrawing from the US government debt is being overlooked as robust demand in the domestic market is increasing. Several US mutual funds have started buying treasuries at auction. The US investors are also increasing their buying. China is the largest foreign creditor with $1.4 trillion of US government debt.
Waze finally gets an update after Google's acquisition
After three years, Waze gets its major updates. The version 4.0 is free to download on the App Store. Google said it will soon become available in Play Store as well.
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Nestlé future forecast slit after missing nine months sales
Nestlé yearly sales growth has fallen short of its long-term target because of weak sales in Asia. The world's biggest manufacturer of packaged foods raised concerns over its position in major apparent markets.
Oct 19, 2015 7:19 AM EDT
Deutsche Bank restructures organizational unit and executive board
Deutsche Bank AG announced it is restructuring its organization and executive committee. This is a part of the 'Bank's Strategy 020'. The move is to address the changing and growing demand of its clients.
Oct 19, 2015 6:28 AM EDT
Russia's Flag Carrier, Aeroflot Dropping 22 new Dreamliners 787 Orders from Boeing Company
Russia's largest airline, Aeroflot cancelled the 22 new Dreamliners 787 orders from the US aircraft manufacturer Boeing Comany. The said airline instead is considering of acquiring 34 aircrafts from Transaero Airline.
Oct 19, 2015 4:45 AM EDT
RBI paves the way for funds inflow; Indian banks finally slash rates
The RBI Governor Raghuram Rajan's latest measure to slash benchmark repurchase rate is finally giving results as commercial banks started cutting down interest rates. Commercial banks in India have reduced interest rates by 70-125 basis points this year so far.
Oct 19, 2015 3:05 AM EDT
Starbucks to brew in Italy
Starbucks has plans to expand its business to Italy and serve Italians the best-tasting coffee and other stuff the biggest coffee chain in the world has to offer. It was reported on Thursday that Starbucks is already discussing the proposal with an Italian partner for the opening of the business in the said country.
Oct 19, 2015 2:47 AM EDT
Coke and Pepsi can still use 'diet' on labels and ads
The FTC declined the Right To Know's request for soft drinks manufacturers to stop using the word 'diet' in their labels as they see it as a misleading advertisement. These drinks contain sugar substitute which is proven to gain weight, not to lose weight.
Oct 19, 2015 2:31 AM EDT
Land of rising sun warms up to investors
Mainly five reasons -- attractive valuations, corporate developments, shareholders value, corporate earnings / RoE and Abenomics program-- are making Japanese financial markets attractive for overseas investors.
Oct 19, 2015 1:58 AM EDT
Public surveillance mobile app empowers Indonesians
This post deals with how the public surveillance app has helped the frustrated Indonesians air their woes over the delays of bureaucrats in the completion of the road and port development projects.
Oct 19, 2015 12:14 AM EDT
Bank of America posts profit for 4 quarters in a row
Bank of America (BoA) has posted positive numbers for the third quarter making its fourth consecutive quarter with profits. The Charlotte-based bank posted a net profit of $4.07bn for the third quarter. Despite its pedestrian performance in the third quarter ending September 2015, the bank has been able to post profits for the last four quarters.
Oct 18, 2015 10:31 PM EDT
Amazing Caribbean Destinations For Adventurers
Caribbean has a lot of places for extreme adventures. Tourists will definitely enjoy and experience thrilling adventures in this amazing Caribbean destinations.
Oct 16, 2015 9:27 AM EDT
Toyota aims to sell 30,000 fuel-cell cars annually by 2020
Toyota is aiming to sell 30,000 of different vehicles by 2020 powered by fuel-cell or hydrogen. This is to lessen the emission of harmful carbon dioxide from the vehicles itself and the production plants including new plants and production lines.
Oct 16, 2015 6:40 AM EDT
Copper production curb possible if less demand continues in China
The demand for copper along with other metals such as zinc and aluminum declined. This scenario prompts mining companies to control the production if necessary to also have contro on the prices.
Oct 16, 2015 6:17 AM EDT
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