Asian stocks trade lower on thin volumes; Oil below $36/ bbl
Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.
Dec 15, 2015 2:08 AM EST
Renault-Nissan’s CEO: Electric vehicle is an affordable solution to reduce global emissions
The CEO of Renault-Nissan Alliance Carlos Ghosn stated that the electric vehicle is the practical and affordable way to reach the goal of a low carbon economy. The statement follows the COP21 event in Paris that goals to reduce gas emissions that cause climate change.
West Coast mayors will form consortium to build highway for electric vehicles
The mayors of five West Coast cities held a summit in Portland last week to discuss the ideas to reduce carbon emissions in the cities. The mayors commit to forming a consortium for electric vehicles, to increase the use of EVs in the cities.
Cotton piles up at warehouses globally
The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.
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Taylor Swift’s World Concert Documentary Launch on Apple Music Exclusively on 20th December, 2015
Taylor Swift gave an excellent gift to her fans by announcing the launch of the Concert documentary on her birthday. She will launch it on Apple Music before Christmas on 20th December 2015.
Dec 14, 2015 11:48 PM EST
The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned
People from all over the world were contemplating if filing a lawsuit against Amazon is justified by NJ Mayor over traffic issues. Surprisingly, within a couple of weeks, NJ Mayor has withdrawn his decision to sue Amazon and clarifies the reason behind his sudden decision change.
Dec 14, 2015 8:50 PM EST
Combating Pollution in China with Smartphone App
Smartphone applications and devices can now be utilized allowing citizens in China in monitoring pollution.
Dec 14, 2015 8:24 PM EST
Jia Yueting's Faraday Future to Build $1 Billion Electric Car Factory in Nevada
Faraday Futures, Tesla strongest competitor will establish its $1 billion plant in Las Vegas. Backed by Chinese media mogul Jia Yueting, the company will reveal its car in CES electronic trade show in January.
Dec 14, 2015 7:06 AM EST
Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million
Alibaba buys The South China Morning Post for approximately US$262 million. It is being said that that the business skill of Jack Ma, the founder of the internet giant Alibaba can surely help SCMP grow.
Dec 14, 2015 6:47 AM EST
Australia To Fund Wind Power Again; Turnbull Lifts Abbot's Ban
Australian Prime Minister Malcolm Turnbull has lifted former PM Tony Abbott's ban on government investment on wind power.
Dec 14, 2015 5:17 AM EST
Chemical titans DuPont and Dow Chemical agree $130bn merger
Chemical titans DuPont and Dow Chemical Co agreed to merge in a deal that would value the two companies at $130 billion, leading to more savings and more consolidations.
Dec 14, 2015 5:10 AM EST
BNP Report: Alibaba Can Expand Operations with $38B in 2016
A report from BNP Paribas estimates that Alibaba will have $38 billion to expand their operations next year.
Dec 14, 2015 5:09 AM EST
Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement
Despite the International Monetary Fund endorsement, Rich Chinese men are selling their yuan or Renminbi for other currencies, because they know that the country's economy continues to slow down.
Dec 14, 2015 4:59 AM EST
Women of Color Facing the Worst: Will the Challenges of Retirement Haunt Till Death?
The Women of Color are facing retirement challenges. The measures are being taken to educate them about the financial issues. But the policymakers and researchers must be more active in finding a permanent solution.
Dec 14, 2015 4:52 AM EST
Drone to manned aircraft near-collisions encounter reaches 241 cases
There is an increase of drone to manned aircraft near-collision encounters with 241 new cases according to new study released Friday.
Dec 14, 2015 4:48 AM EST
A Rare Find: 1970 Ford Mustang Boss 429 found in junkyard
Keith Clark found a very rare real 1970 Ford Mustang Boss 429 back in a junkyard back in 1975 and bought it for just two grand.
Dec 14, 2015 4:23 AM EST
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