Deutsche Wohnen warned its shareholders that the Vonovia SE $10.9 billion hostile takeover on the company will fail.

Dec 17, 2015 09:04 PM EST

US-led bombing on ISIS oil facilities is finally taking effect, bringing the terrorist group’s $500 million a year income from this business down to only a fraction.

Dec 17, 2015 08:12 PM EST

New Zealand's economy grew 0.9 percent in the third quarter, faster than what was expected by economists. It was buoyed by greater spending in the manufacturing and retail sector.

Dec 17, 2015 08:09 PM EST

Federal Open Market Committee, policy making body on behalf of Federal Reserve Bank, central bank of the world’s largest economy, has started to approach through a new path after around a decade with announcing its decision to raise short term benchmark by a quarter points. The rate hike will directly affect the short term debt holders while mid and long term borrowers will suffer with its gradual aftermaths.

Dec 17, 2015 04:29 AM EST

IMF's board has confirmed that Russia's holding of Ukraine bond is sovereign debt, but not a commercial bond. The due date on payment of Ukraine bond is 20 December. Russia is gearing up to take legal action if Ukraine doesn't pay within a 10-day grace period.

Dec 17, 2015 03:36 AM EST

The U.S. White House decided to delay Boeing 747 order for the new Air Force One upgrade to fiscal 2017. The congressional negotiators provide less than expected spending bill for the presidential aircraft

Dec 17, 2015 03:34 AM EST

Akamai, the global leader in Content Delivery Network (CDN) services, aims to make internet faster and furnishes quarterly matrices on state of internet speed. The third quarter report for the year 2015 addresses the global average internet speed as 5.1 Mbps while only 5.2% internet users are Broadband connected.

Dec 17, 2015 04:26 AM EST

After a devastating series of food poisoning in its restaurants nationwide in 2015, Chipotle has to change their food preparation practice.

Dec 17, 2015 09:54 PM EST

South Africa's rating has been downgraded by Moody's from stable to negative. The sluggish economy, rising risks and political pressures are primary reasons for downgrading. The most developed nation in Africa is lagging in human and physical infrastructure resources. The country needs to enhance the skills set of people to make them employable.

Dec 17, 2015 01:53 AM EST

The year-long price weakness in oil is helping airlines post record level profits. During the last nine months of 2015, the US aviation industry recorded over 60 percent growth in profits. Fuel account for 30 percent of operating expenses of airlines. The drop in oil price is boosting operating profits. Airlines are also passing the oil price drop benefit to passengers as they slashed airfares.

Dec 17, 2015 01:41 AM EST

Aerodrome will build the world first droneport in the Boulder City, Nevada. This facility is approved by FAA for training and certification of drone pilot.

Dec 17, 2015 07:09 AM EST

Foreigners offloading in US Treasuries reached its peak in October. China has been selling US debt after devaluing the Yuan. China also offloads through its Belgium third party account. Many other countries are also selling US Treasuries ahead of US Federal Reserve meeting.

Dec 16, 2015 10:11 PM EST