46% of Americans are not loyal to their banks, finds survey
A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.
Dec 07, 2015 9:37 PM EST
China's budget airline spread wings to cover more routes
The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.
Ferrovial offers broadspectrum A$715M in Cash
Ferrovial SA offered A$715 million for Broadspectrum Ltd., almost a year after the company rejected its previous bid. However, lots of investors are unhappy with the new offer as it presents an opportunistic bid.
Asian stock markets boosted after U.S. jobs report
Asian stock markets traded higher after the US jobs report suggested the likelihood of the Federal Reserve to rise interest rates in next week. Stock benchmark traded higher in Japan, China, South Korea, Singapore, Taiwan, Philippines, and Indonesia.
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A long-stretched financial winter looms over Hong Kong
Hong Kong's financial hub has slipped into pressure following the continuous economy slowdown in China and concerns about possible interest rate hike by US Federal Reserve. The GDP of Hong Kong's financial center is expected slip over two percent. The latest probe by Chinese authorities into financial markets is also creating tremors among hedge funds, fund managers, brokerage firms and banks.
Dec 07, 2015 9:24 PM EST
Terror attacks in California, Paris cost Travel industry $8.2B
After the recent terror attacks in California, as well as Paris and other parts of the world, 10 percent of American travelers cancelled booked trips, costing the travel industry a potential $8.2 billion.
Dec 07, 2015 8:03 PM EST
Bugatti partnered with Palmer Johnson to create$3.5M super-yacht
Bugatti partnered with Wisconsin-based Palmer Johnson to develop an open-superyacht called Niniette, which costs $2.1 million to $3.5 million.
Dec 07, 2015 6:50 PM EST
IDC: Worldwide Smartphone Market Will See the First Single-Digit Growth Year on Record
On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in global smartphones shipment to a total of 1.43 billion units. Android dominates the market share with 81.2% with Apple holding only 15.8%.
Dec 07, 2015 8:27 AM EST
Apple iPhone 6c with 4-inch display expected to be launched early next year
A news came into hearing from multiple sources that Apple has decided to introduce its next smartphone series, iPhone 6c on mid of 2016. The price of iPhone 6c is quite low, which is from $400 to $500. It is expected to have camera properties of that of iPhone 5s, with latest a9 chip and much.
Dec 07, 2015 8:21 AM EST
Relieved Northern China: Free from the Deadly Smog after Five Days
Interestingly, just when China took a pledge to fight with global warming in Paris meet, Northern part of China is covered with deadly smog. Chinese people got some relief after a strong winter wind helped to clear out the haze after five days.
Dec 07, 2015 8:13 AM EST
Motorola Solutions Acquires Airwave for $1.2 Billion
Motorola acquire UK's Airwave for $1.2 billion to enhance its service business in mobile communication.
Dec 07, 2015 8:07 AM EST
Delhi Pollution- If the Air is being Shared, Why Isn’t the Responsibility?
To combat with Delhi pollution, people need to be responsible first. Beijing, the closest competitor of Delhi in air pollution introduced odd-even number vehicle restrictions way back 2008 Olympics. This measure can be implemented on an immediate basis without any expense.
Dec 07, 2015 7:19 AM EST
Generic Drug Sale widens in Japan as Takeda and Teva join hands
Teva pharmaceuticals which is said to be the world's largest generic drug maker has joined hands with Takeda Pharmaceutical Co, for a definitive agreement to sell generic drugs in Japan.
Dec 07, 2015 6:54 AM EST
IRS, With State Dept Now Have the Power to Deny Passport If Taxes Aren't Paid
In a new bill passed alongside the FAST Act, the IRS gains the ability to deny citizens their passports if they're found to be in more than $50,000 in back taxes.
Dec 07, 2015 6:52 AM EST
The Site of 5 Deaths During Paris Attacks, French Cafe Reopens Its Doors
La Bonne Biere has reopened its doors after gunment attacked the cafe, killing 5 people on the terrace.
Dec 07, 2015 6:49 AM EST
Chinese News Staff Suspended After Saying Xi "Resigned"
Four staff members of the China News Service are suspended for accidentally reporting that the speech President Xi Jinping held in Africa was his resignation.
Dec 07, 2015 6:42 AM EST
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