Part of Saudi Aramco’s Shares May Be Offered For International Investors
Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.
Jan 25, 2016 8:25 AM EST
Deezer raises $109 million despite cancelling its IPO plan
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.
AMD to release Polaris GPU in 2016
AMD said that it expects Polaris architecture based GPUs to begin shipments in the middle of 2016. According to the reports one version of Polaris GPU is aimed for light and thin laptops as well as entry-level desktops, while the other is designed for high performance.
Global fears prevent US Fed from rate hike plan
The adverse conditions in the global economy and weaker stocks on Wall Street may prevent the US Federal Reserve from going for a rate hike again. Some analysts forecast four more rate hikes in 2016, while Reuters' poll indicate three times hike this year. The slump in commodities, weaker global markets, slowdown in China's economy and lower oil prices are causes of concerns for the US Fed as these are upsetting the Wall Street.
Latest News
Freshii to Help Consumers Through 'These Dark Hours' as Chipotle Closes Stores Nationwide for Employee Meeting
Chipotle will close their stores across the country on February 8 for a few hours so that corporate officials can discuss the new steps the company is taking about food safety. The chain has been hit by frequent outbreaks of food-borne illnesses in the past year, with the cause not yet announced.
Jan 21, 2016 7:53 PM EST
Space Gardening: A flower blooms in International Space Station for the first time
Previously, an experiment team of a space gardening project called Veggie has also succeeded planting consumable lettuce. The flower bloom is a remarkable step forward to a more advanced technique and choice of plants to grow in space. The project was established because NASA seeks to learn how astronauts can grow their own food in space to sustain long-term space journey.
Jan 21, 2016 7:40 PM EST
For Chinese Consumers, Oil Prices Halted At $40 Per Barrel Will Not Cut Down The Fuel Prices
The cutting down of the global crude oil in the world has not really influenced the Chinese consumers' retail fuel prices. The price remains the same as long as the price does not touch %40 per barrel.
Jan 21, 2016 7:31 PM EST
Twitter: Australia launched a new koala emoji to celebrate Australia Day
The emoji features a koala wearing a pair of sunglasses, and will appear automatically when a user tweets using the hashtag #AustraliaDay. An event on Tuesday marks the opening of the digital celebration one week prior to the national holiday on January 26. Australian netizens are also encouraged to tweet their stories and views on the holiday.
Jan 21, 2016 7:28 PM EST
Tullow Oil Plc Expects a Revenue of $1.6 Bln for 2015, 28% lower than 2014
Oil explorer Tullow expects to report revenue of $1.6 billion for the year 2015. The company also anticipates its impairment charges to be $0.9 billion for the full year.
Jan 18, 2016 9:57 PM EST
ISIS Supporter Hacks Tsinghua University of China’s Website to Show Support to Jihad
The website for students and lecturers should have displayed links to class resources and informations. But instead, it showed pictures of militants and the verses of Quran in Arabic.
Jan 18, 2016 9:45 PM EST
Woolworths considers pulling out of Masters, following a Lowe’s buyout
The supermarket giant, Woolworths has finally announced its decision to wrap up its home improvement project, Masters. After incurring heavy losses for almost four years, chairman Gordon Cairns has decided on selling or shutting down the operations. For this, the company his approached its joint venture partner, Lowe's, to buy out its 33.3% stake in Masters., but it may take several months to sort out the exit options.
Jan 18, 2016 9:39 PM EST
South African House Prices to Decline in 2016, According to Retail Bank
South African retail bank said the country's house price will decline in this year. Fitch Ratings also remarked South African residential property and mortgage markets outlook to weaken further facing microeconomic challenge.
Jan 18, 2016 9:33 PM EST
Panama Will Use Japan Technology to Build Central America's First Monorail This Year
The project could start as soon as this year and is estimated to be completed in 2022. The transportation project would established Central America's first monorail.
Jan 18, 2016 9:30 PM EST
Jobs That Are Most Stress Free And The Brighest
Stress at work sometimes cannot be avoided. However, certain jobs have lower stress levels, including Information Security Analyst, Diagnostic Medical Sonographer, University Professor, and Hair Stylist.
Jan 18, 2016 9:27 PM EST
YouTube Announces HDR Support
YouTube has announced support for inclusion of the HDR technology to the streaming of its videos. The HDR technology will improve quality of the streaming in terms of quality. And that means colors and contrasts and details will come through in a better way. For YouTube users that would mean the videos that they upload would come across with greater quality. The announcement for HDR support was made by YouTube Chief Business Officer Robert Kyncl at CES in Las Vegas on 5th Jan 2016 where 3500 exhibitors showed their latest products and services with 150 000 attendees.
Jan 13, 2016 3:38 AM EST
Battle of Smartphone Watches : Apple's Mickey Mouse vs Samsung's Snoopy
Samsung is gearing to do battle with Apple in the smartwatch market. Samsung unveiled two new colors for its new Gear S2 smartwatch namely, rose-gold and platinum. Designer Colombo working for Samsung has included classic characters from Snoopy to match Apple's Mickey Mouse.
Jan 12, 2016 7:07 AM EST
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
