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World

Is Russia bottoming out?

The latest Barclays' report shows that the rate of fall in the Russian economy is moderating. Real investments are also showing a sign of recovery though it was very marginal. The unemployment rate remains flat. Barclays Capital views that Russian economy is bottoming out, while economists caution that real wages were worst than forecast.

Sep 18, 2015 12:52 AM EDT

News

Altice to buy Cablevision for $17.7bn including debt

Global cable group Altice is acquiring New York-based Cablevision for $17.7bn including debt. This makes Altice as the fourth largest cable provider in the US. Cablevision's CEO James Dolan will hand over the control to a group of Europeans after the Altice deal. Altice will pay $34.90 a share in cash taking the valuation of Cablevision equity to $9.6bn.

News

American universities are the most innovative, but Asians are strong contenders

The recent survey from Reuters shows that U.S. universities are the home of the most innovative projects. Though Asian universities have been fairly competent with universities from Korea, Japan, Singapore, and China.

News

US consumer prices drop, complicating Fed rate hike decision

A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.

Jaguar Land Rover: Bond cars for 'Spectre 007'

On October, Bond fans will soon see their hero in cinemas again chasing villians in a hybrid supercar. Jaguar Land Rover provided the cars for the new Bond film 'Spectre' that will surely amaze the one driving it and the audiences as well.

Sep 17, 2015 9:08 AM EDT

Puerto Rico's rescue plan draws flak

The five-year restructuring plan proposed for ailing Caribbean islan Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists argue that the debt plan overstated the financial requirements of the island.

Sep 17, 2015 8:04 AM EDT

Brazilian PE firm 3G Capital eyes SAB Miller

Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev of 3G Capital is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.

Sep 17, 2015 7:52 AM EDT

At near zero inflation, ECB may expand QE program

European Central Bank may expand quantitative easing program as the inflation is hovering at near zero level of 01. percent for August. ECB Vice-President also indicated that QE program may be widened further.

Sep 16, 2015 9:43 PM EDT

Rise in low-income jobs makes the job easier for Fed in rate hike

The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in labor market in low-income jobs is giving much needed support to the US Fed.

Sep 16, 2015 9:29 PM EDT

Dollar-starved Venezuelan telecoms turn weaker

Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise tariff.

Sep 16, 2015 9:22 PM EDT

The China slowdown to last for another 2-3 years, predict realtors

The china's economy slowdown is likely to continue for next three years, predict real-estate developers. The robust growth has led cities to emerge as major infrastructure built up ones. There's opportunity in smaller cities though they can't offer the kind of growth witnessed in cities like Beijing and Shanghai.

Sep 16, 2015 9:13 PM EDT

Obama to host China's president on September 25

President Barack Obama is hosting his Chinese counterpart Xi Jinping, who will be in the US next week for an official state visit. Apart from strengthening economic ties, the two leaders are going to address thorny issues, including recent cyber attacks as well as China's controversial maritime claims.

Sep 16, 2015 11:29 AM EDT

N series reflects Hyundai's years of World Rally Championship car racing and testing

Hyundai introduces N sub brands among its newest vehicles at the Frankfurt International Motor Show 2015. Hyundai said the new series is the result of their participation in WRC for years. The N 2025 Vision Gran Turismo were highlighted It was exclusively designed for PS3.

Sep 16, 2015 11:09 AM EDT

GE Digital aims to be among global top-10 by 2020

Global industrial giant GE has set up a new unit 'GE Digital' to take on Industrial Internet of Things. GE aims to transform the new unit to be among global top-10 by 2020. The new unit will integrate software center, knowledge of its global IT teams and industrial security expertise of Wurldtech.

Sep 16, 2015 11:08 AM EDT

Iran's supreme leader a winner from nuclear deal

Ayatollah Ali Khamenei will benefit the most from the latest nuclear deal as the conglomerate own most of the business in Iran. The conglomerate also own some of the business run by Iranian overseas through force measure.

Sep 16, 2015 9:37 AM EDT

No Drones on Papal Visit or Be Charged: FAA

The FAA and other security agencies are appealing to people, local or visitors not to bring drones during the papal visits for security measures. There has been a plot to the holy man's life by a minor brainwashed by the terrorist group ISIL prompting officials and securities restrictions on all actions regarding the safety of Pope Francis.

Sep 16, 2015 9:09 AM EDT