Fiat Chrysler CEO skips auto show, continues talks with UAW
Sergio Marchionne, Chief Executive of Fiat Chrysler Automobiles (FCA), has decided to drop his participation in the Frankfurt auto show as FCA is leading the labor talks with United Auto Workers (UAW).
Sep 15, 2015 10:09 AM EDT
Kuwait's Zain telecom giant dials in margin push investment
Kuwait telecom major Zain has decided to invest in technology firms that add valued to its services. The telecom company is focusing on online ads, smart city projects, and television services. It has decided to repackage its data services to enhance revenues.
Is Jeb Bush really anti-Wall Street?
Jeb Bush, the Republican contender for US President position, is for lower tax rates, while promising for eliminating 'carried interest' of the rich and influencial people in the US corporate sector. Economists and election analysts consider this is an effort get an image among blue-color voters. In reality, Bush's plans help the rich indirectly, analyse the economists.
Mark Zuckerberg to host Facebook Townhall Q&A with Indian Prime Minister Narendra Modi
Mark Zuckerberg will host its second Townhall Q&A discussions with India's Prime Minister Narendra Modi. It will be held on Facebook HQ in Menlo Park, California on September 27th.
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China unveils details of state-firm reforms as growth sputters
New state firm reformed announced by Chinese authority on Sunday will see the firm being integrate in fewer firm. Through the reform, state-firm will also be given freedom to attract private investors into the firm.
Sep 14, 2015 9:50 AM EDT
Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region
Iran provided good news by reducing the price of its crude oil being sold to Asia come October. Iran is trying to win back its market share in the oil industry competing with other OPEC members, specially Saudi Arabia.
Sep 14, 2015 1:53 AM EDT
Nestlé’s Nespresso provides bigger cups of coffee for Americans
Switzerland is welcoming another Nespresso plant to be situated in Rosmont to cater to America's preference for bigger cups of coffee. It will be the only Nespresso plant to produce pods for VertuoLine to boost more sales in the U.S.
Sep 14, 2015 1:48 AM EDT
Australian dollar recovers as unemployment figures went down
Australia is one of the countries being hit by the global economic turmoil. Now, it is beginning to recover as many businesses hire more employees resulting in the decrease of unemployment rate making the Australian dollar regains its strength.
Sep 14, 2015 1:47 AM EDT
German industrial output gains points, most intense in July
The German industry is beginning to cope up from the previous months of economic slowdown. More goods are now produced, creating more jobs and dropping the rate of unemployment.
Sep 14, 2015 1:43 AM EDT
Stephen Colbert's The Late Show interview with Uber CEO interrupted by cabbie protesters
Stephen Colbert's The Late Night Show interview with Uber CEO Travis Kalanick was interrupted when two cabbies yell at the audience protesting how the CEO is killing the taxi industry.
Sep 14, 2015 1:38 AM EDT
China deflation feared as producer prices fall anew
Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.
Sep 14, 2015 1:36 AM EDT
Japan's Nikkei turns negative for the year to date
Japan's Nikkei dipped into negative territory for the year following a 2.4% plunge Tuesday. Despite better-than-expected growth in the second quarter, investor sentiment was weighed down by weak trade data from China.
Sep 11, 2015 9:10 AM EDT
Drop in UK export brought fears for pound's stability
UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.
Sep 11, 2015 9:09 AM EDT
Toyota suspends production at three Japan plants due to heavy rains
Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.
Sep 11, 2015 9:06 AM EDT
GE sells transport finance unit to BMO
The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.
Sep 11, 2015 8:28 AM EDT
Shanghai Gold Exchange allows gold, other securities as collateral trading
Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.
Sep 11, 2015 8:27 AM EDT
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