Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go
The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.
Sep 11, 2015 6:22 AM EDT
Oil price decline makes gasoline less expensive
Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.
Jeb Bush promises 4% growth in US economy
Jeb Bush, former governor of Florida, has promised 4% growth in the economy for the world's largest country.
Immigrants beneficial to Germany in the long run
Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.
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Europe milk over-supply makes it cheaper than water
Europe is selling milk cheaper than water. Because of the food embargo imposed by Moscow and the decreased demand of China, dairy farmers are struggling forcing them to sell their precious produce lower than their production cost.
Sep 11, 2015 2:00 AM EDT
Offshore Yuan drops as China steps back from market intervention
Offshore Yuan was rising on intervention of Chinese government and dropping, when the central bank restricting its support. As a result, Chinese currency is fluctuating in domestic and Hong Kong markets. The market intervention has resulted in huge drop in the country's forex reserves.
Sep 11, 2015 1:56 AM EDT
China economy concerns: It's overdone, says Goldman Sachs
Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.
Sep 10, 2015 11:42 PM EDT
Corruption scandal rocks crisis-hit Brazil while government gears up for tax hike
At a time when the corruption scandal is shaking the Brazil, the government is thinking of raising tax rates. On the other hand, Brazil's economy is projected to shrink by two percent for 2015. The budget deficit is alarmingly widening.
Sep 10, 2015 11:35 PM EDT
Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential
Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.
Sep 10, 2015 9:08 AM EDT
China Changes How to Report GDP to Meet IMF's Standards
In an effort to improve current economic situation, Chinese authority is adopting IMF standard to report their GDP to make sure any changes in the economic will be reflected in the data. The move is also part of China effort to obtain a reserve currency status for Yuan.
Sep 10, 2015 8:02 AM EDT
Hong Kong tycoon to launch Vuclip in South Africa; Will compete against Netflix and ShowMax
Richard Li, the Hong Kong billionaire, will compete against Netflix and ShowMax in South Africa. His company, PCCW Media purchased Vuclip last March making the VOD service available in South Africa next week.
Sep 10, 2015 7:46 AM EDT
Fiat Chrysler Jeep Renegades recalled due to software glitch
Thousands of Jeep Renegades had been recalled by Fiat Chrysler due to the possible attacks on drivers which can be done remotely. This imposes great danger to the driver's safety, not only meeting an accident but also forcibly getting his car by unsuspecting attackers.
Sep 10, 2015 7:15 AM EDT
Investors withdraw from US Oil Fund amid rising volatility
The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.
Sep 10, 2015 7:01 AM EDT
After 3 attempts, ICE to launch Singaporean Futures Exchange in November
After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.
Sep 10, 2015 5:59 AM EDT
Chinese leaders concern over state of economy
For the first time ever since Chinese economy started slowing down, the country's leaders expressed concerns over the current situation in the domestic market. China President Xi Jinping called the economy slowdown as 'The New Normal.
Sep 10, 2015 4:53 AM EDT
Tesco checking out overseas ventures
With debt burden mounting to GBP 21.7bn, The world's third largest retailer has been forced to offload its overseas ventures gradually.
Sep 10, 2015 3:35 AM EDT
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