China puts circuit breakers to keep tabs on volatility
Alerted by increased market volatility, Chinese government is in the process of implementing circuit breakers that would suspend trading in a stock if it moves over five percent either direction. If index falls or gains 10 percent or more, then trading will be halted for the day, according to draft regulation. Shanghai index unexpectedly rose in the last five minutes of trading following the news that major infrastructure projects have been approved.
Sep 10, 2015 3:30 AM EDT
Glencore scraps dividend, to sell equity, assets to bring down debt to $10bn
Switzerland-based commodities giant Glencore has taken up several measures to reduct its debt burden to $10bn level. The company has decided to scrap final and interim dividends in addition to selling a part of equity and other assets to raise funds.
Japan's Abe may focus on regulatory reforms
Shinzo Abe's coming back to power as Prime Minister of Japan for a second term raising many questions about the reforms in the world's third largest economy. Economists predict that Abe would focus on more regulatory reforms in labor market.
Paddy Power, Betfair £5B merge deal expects to complete process by 2016
Two of the Britain's online betting site, Paddy Power and Betfair, confirms the merging deal worth £5B. It is expected to be completed next year, which will make them the largest online gambling company in the whole world.
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Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Michael Dell said it in a press briefing in Bengaluru, India, that he sees three top PC makers will consolidate in the desktop market in five years. These are Lenovo, HP and Dell.
Sep 09, 2015 6:25 AM EDT
After 25 years, China revises down GDP growth to 7.3%
The latest data from National Bureau of Statistics confirms slowdown in China's economy. The revised GDP growth for 2014 to 7.3 percent from 7.4 percent raises doubts over the government target of seven percent for 2015.
Sep 09, 2015 5:35 AM EDT
Pfizer's Arthritis Drug Patent Rejected in India
Pfizer’s patent for a new medicine was rejected by India again. This is another setback for the multinational company who has been trying to penetrate the Indian healthcare market.
Sep 09, 2015 3:51 AM EDT
Wall Street Q3 projections under pressure
The projections on US growth rate for third quarter are likely to be lower following the adverse conditions in emerging ecnomies, expectations of rate hike by US Fed, currency crisis in developing nations.
Sep 07, 2015 11:23 AM EDT
China's economic distress is risk to global economy: IMF and ECB
China's economic turmoil poses great risks to the world's economic growth but they are managing to recover from the troubles with the help from other countries and Fed will not yet increase its interest rates.
Sep 07, 2015 4:54 AM EDT
Origin of Greece's economic failure - who to blame, when did it start, how did it happen
Greece narrowly avoided defaulting on its payment and its prime minister called for a snap election on September 20. These are some of the updates on the Greece economic crisis. But the question is where did this problem originated?
Sep 07, 2015 4:52 AM EDT
Bearish divergence: Investors advised not to buy on dips
The formation of Bearish Divergence on technicals charts is indicating further fall in the makrets. Technical analysts caution investors not to take positions on dips as market could fall further. Adverse conditions in the global markets are also dampening the investor confidence.
Sep 07, 2015 3:29 AM EDT
Putin enticed investors to invest in Russia's Far East
A call for investments from local and foreign investors has been rolled out by the Russian President Vladimir Putin in Russia's abundant Far East with a promise of high return on investments.
Sep 07, 2015 3:10 AM EDT
Online advertising to brighten Thai economy
Thai economy is faltering but businesses is courageously allowing more huge budgets to venture into digital advertising targeting Thai consumers through smartphone apps, social networking and sharing of videos on websites.
Sep 07, 2015 1:59 AM EDT
Volkswagen appoints a new chairman
Volkswagen's unassuming finance chief is taking the helm of the world's biggest automaker. Hans Dieter Pötsch has been appointed company chairman, dashing hopes of his current boss of assuming the top post.
Sep 07, 2015 1:23 AM EDT
Egyptian billionaire Naguib Sawiris plans to buy an island for Syrian refugees; wants to name it 'Ilan'
The Egyptian billionaire, Naguib Sawiris tweeted that he wants to buy an island to accommodate Syrian refugees. And he's serious about it. He wants the 'new country' to be named as 'Ilan', to remember the Syrian toddler, Aylan Kurdi, who was drowned in Turkish shore.
Sep 06, 2015 7:00 AM EDT
The Real Deal: Just How Big is the Synthetic Marijuana Trade
Synthetic marijuana has become a giant, multimillion dollar industry that has lead to thousands of deaths and is becoming a major concern for the authorities.
Sep 05, 2015 6:34 AM EDT
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