Result Page 70 for Latest World News & Archive

World

Italian oil explorer Eni discovers 'supergiant' gas field off Egyptian coast

It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called ‘Eni’.

Aug 31, 2015 2:06 AM EDT

World

Brazil is financially ruined, under recession

Brazil is now suffering from another recession caused by many factors including the sudden drop of its gross national product and the contribution of the much controversial Petrobras scandal.

World

The reason Saudi Arabia won't hold off oil production

Oil industry has been suffering too much from the price crash and worse is some have gone bankrupt. Still Saudi Arabia won't lessen it's oil production eventhough they are already affected but more affected are its rivals. In the end, Saudi Arabia will have more to gain.

News

Goldman Sachs is hiring in Poland

Goldman Sachs is hiring more people for its technology unit in Poland as the Eastern European country offers affordable business environemnt. The US bank will recruit several hundres of people over next three years.

Oshkosh wins $6.75B defense contract to build Humvee replacement

Oshkosh wins bid to manufacture JLTVs for $6.75B. The US Department of Defense has been looking for a replacement of the Humvee a short time after the war in Iraq became deadly in 2004.

Aug 28, 2015 4:30 AM EDT

Floyd Mayweather’s latest car costs only $4.8M

Floyd Mayweather, one of the flashiest athletes in the world, shows off his latest addition to his car collection.

Aug 28, 2015 4:26 AM EDT

Despite slowdown, US services sector beats forecast

The drop in new businesses in the US services sector in early August caused slowdown in growth as PMI indicates in its latest analysis.

Aug 27, 2015 2:23 AM EDT

Asian growth plans at risk due to China meltdown

The latest devaluation of Chinese currency Yuan has triggered severe volatility in the foreign exchange (forex) markets. This has led many Asian nations into a dilema and forcing them to not take any major decision on growth plans.

Aug 26, 2015 10:05 AM EDT

Liquidity vacuum: GE suffers most since 1987 Black Monday

Global manufacturing giant GE's stock plummeted on Monday and Tuesday on Wall Street in the absence of any major news affecting the company's performance. The plunge of over 20% eroded the stock value by $53billion. Chinese factor after the central bank slashed interest rate, again created fresh bout of fears that dampened that market sentiment and reversing the rebound on Tuesday.

Aug 26, 2015 9:56 AM EDT

A Survivor's Guide to the Market Crash: Don't panic

Analysts advise investors not to worry about ongoing market crash as it's only a correction after recording continuous growth of over 200 percent since economic crisis in 2009. The stock markets fell about 10 percent in the latest market downfall.

Aug 26, 2015 1:40 AM EDT

China plans to boost lending to support slowing economy - report

After devaluing its currency, China takes another step to support its slowing economy. The world's second biggest economy is reportedly planning to free up funds for lending by cutting banks' reserve requirements.

Aug 25, 2015 3:47 AM EDT

Drama in Greece continues with Tsipras calling the vote

Just when Greece was about to get a new 86 billion bailout package, its prime minister, Alexis Tsipras resigned calling for a snap election on September.

Aug 24, 2015 10:15 PM EDT

China GDP slows down, dents mining companies' profits in Q2; raw materials at 6-year low

With prices of raw materials going down, mining companies are reeling under pressure. The slowdown in China economy is impacting their margins. Many mining companies are poised to slash costs.

Aug 24, 2015 4:40 AM EDT

Drop in consumption, exports squeeze Japan’s export basket

Japane suffered drop in exports during the second quarter this year. This coupled with fall in personal conumption put pressure the world's third largest economy slowing down the growth rate to 1.6% as against the forecast of 1.9%.

Aug 24, 2015 2:53 AM EDT

China devaluation: Is it a serious concern for US economy?

The Chinese currency Yuan devaluation is not only impacting Asian economy alone, but also creating tremors in the world's largest economy. The US market is feeling the heat of devaluation of Yuan as it's indirect impact is more on consumer durable products, industry and stock markets as well.

Aug 24, 2015 2:52 AM EDT

These Cuban Guys are Corporate America's bridge to business in Cuba

It has been a half century since Cuba since the Bay of Pigs and now and they are looking for a better future with the diplomacy with America. The raising of the American flag is symbolizes the warming ties between the said countries.

Aug 24, 2015 2:50 AM EDT