Lack of clarity over US data put pressure on Asian stocks
The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.
Oct 02, 2015 2:28 AM EDT
Wall Street suffers worst quarter since 2011
The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.
Rising China spoiling party between the US and Japan
The 70th founding celebrations of US held in New York clearly demonstrated the rising power China in the global matters and diminishing importance of Japan. Shinzo Abe, Japan President, couldn't meet Barack Obama, President of the US, and this raised many eyebrows. The US media also highlighted the Xi Jinpings schedule, while it didn't bother about the speeches and presentations made by Abe.
Aussie friends can now locate their mates using Facebook's Nearby Friends
It's time for Aussie Facebook users to shine as the popular platform brings them Nearby Friends feature. It allows users to locate the position of their nearby friends by creating a map with the exact location if one prefers and vice versa.
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$57 million loan to fund the Renatosu Soma Solar Park
A solar farm will soon rise in Fukushima Prefecture in Soma City, Japan and will be funded by lenders and banks including Sendai-based 77 Bank and Mitsubishi UFJ. This a commitment reaffirmed by 77 Bank to invest in renewable energy aside from reconstructing and developing the economy.
Oct 01, 2015 9:40 AM EDT
US freezes assets of Islamic State supporters
The United States freezes the assets of Islamic State supporters to restrict their activities and stem the group's growing influence. Drawn upon CIA intelligence and information supplied by other countries, the sanctions are imposed on individuals and groups in the Middle East, Europe, and Asia.
Oct 01, 2015 9:20 AM EDT
Aviation deal on US-Cuba air service likely this year
After decades of gap, the airlink between the US and Cuba is poised for restoration very soon. The officials from both the nations recently concluded their meeting and have decided to hold the discussions again before the end of this year. The US government has already framed new rules enabling American airlines to fly to the Cuba. At present, only chartered flights are operational.
Oct 01, 2015 9:01 AM EDT
Founder and CEO Ralph Lauren steps down; appoints Stefan Larsson as successor
Founder-designer Ralph Lauren quit the role of the Ralph Lauren Corporation's CEO. He appoints Stefan Larsson for the position. Lauren will still remain as chief creative officer and executive chairman.
Sep 30, 2015 5:05 AM EDT
Castro knocks out U.S. trade embargo at UN
For the first time Cuban president, Raul Castro spoke and addressed UN officials to help lift the embargo placed to his country by United States since 1960. He stressed that is the main obstacle for Cuba's progress.
Sep 30, 2015 4:50 AM EDT
Barrick Gold Corp buys back part of outstanding debt
Barrick Gold Corp has taken up a debt reduction program. The world's largest bullion producer is aiming to reduced debt by $3 billion this year and $2 billion in 2015. The drop in gold prices is squeezing the margins of the miner. Moody's has lowered its credit rating.
Sep 30, 2015 4:49 AM EDT
Comcast to acquire majority stake in Universal Studios Japan
Comcast Corp. is acquiring a majority stake in Universal Studios Japan Co. for $1.5 billion. This is a milestone for the US cable company, which has been seeking opportunities for global growth, after failing to buy Time Warner Cable Inc. in April.
Sep 29, 2015 6:37 PM EDT
China slaps fine on Microsoft's Chinese JV over Xbox
Microsoft Corporation's Chinese JV has been fined $31,430 over antitrust rules related to Xbox marketing measures. However, Redmond-based IT major escaped from a major penalty as the Chinese government's probe didn't find any major fault on Microsoft pertaining to breaching antitrust rules.
Sep 29, 2015 6:32 PM EDT
Nike, Under Armour top racers on Wall Street
Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.
Sep 29, 2015 9:31 AM EDT
Microsoft strategizes on operating segment-wise results
Microsoft Corporation will announce its financial results based on three operating segment-wise business. These three new headers-based quarter results will be effective from next quarter results scheduled to be announced on 22 October.
Sep 29, 2015 9:27 AM EDT
Panasonic aims $2B revenues from smart phone biz
After its previous unsuccessful efforts in the smart phone business, Panasonic is making a comeback. It's planning to push sales volume by three times in next three years to reach $2-billion revenues target. Panasonic has decided to make India as its base for expanding in Africa, Middle East and South Asian markets.
Sep 29, 2015 2:34 AM EDT
NASA redesigns heat shield for Orion's EM-1 space mission in 2018
NASA is redesigning the Orion heat shield for its EM-1 space mission in 2018. They came up with a new strategy that will save costs and reduce manufacturing time.
Sep 29, 2015 2:26 AM EDT
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