Japan's GPIF, the world's biggest pension fund, reported a $64B quarterly loss
Japan’s Government Pension Investment Fund (GPIF), the world’s largest, reported a record loss of $64.34 billion due to China’s economic slowdown.
Dec 01, 2015 10:23 PM EST
Iron ore below $40 in Singapore on surge in supply
The slowdown in China is pulling down the demand and putting more pressure on iron ore prices. The iron ore futures contracts in Singapore fell below $40 a ton for the first time. The market players are concerned over continuous supplies of iron ore. Many steel mills have decided to cut down production level from 2016 onwards.
India's economic 7.4% growth surpasses China's 6.9%
India reported a 7.4 percent economic growth in the third quarter, surpassing China’s 6.9 percent for the same period due to strong domestic demand and improved industrial productions.
JPMorgan leaves bonus pool unchanged since 2014
The change in regulations is keeping a pressure on investment banks. Owing to weaker revenues, several investment banks are slashing down on bonus payout. JPMorgan Chase & Co is keeping its bonus pool unchanged from 2014. However, this decision is subject to the trading performance in December.
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Alberta regulator extends bid time for Canadian Oil Sands
Alberta Securities regulator has given one more month for Canadian Oil Sands to accept or reject the takeover offer from Suncor Energy. The Canadian Oil Sands' board is examining alternatives to continue as an independent company or look at rival offers.
Dec 01, 2015 9:44 PM EST
Court orders Anadarko to pay $159.5M penalty for 2010 Deepwater Horizon oil spill
Petroleum company Anadarko was ordered to pay $159.5 million as part-owner of BP's Macondo Well that caused the biggest oil spill in the U.S. The oil spill caused an explosion that killed 11 people and a massive oil spill in Gulf of Mexico in 2010.
Dec 01, 2015 9:24 PM EST
Chemical firm Chemours cuts 5 percent of its global workforce
Chemours Co announces that the company will layoff some 400 of its workforce globally including 50 in its own headquarters in Wilmington. The company announces that the layoff is part of its ongoing effort to reduce its operating cost.
Dec 01, 2015 9:14 PM EST
"Grow" your Own Artwork on Paper with Living Ink Technologies' Algae Ink
Living Ink Technologies have created a pen whose ink is created from algae. The designed created by the pen only appear after a few days in the sun.
Dec 01, 2015 8:18 PM EST
Amazon Prime Air gives customers a glimpse of the future of delivery in its new video
Amazon released a video demonstrating a working prototype of a hybrid drone promising to deliver goods to customers in 30 minutes or less.
Dec 01, 2015 8:14 PM EST
Swatch Group Teamed with Visa to develop watch capable of wireless payments in 2016
Swatch Group AG partnered up with Visa Inc to sell mobile payment watch called Swatch Bellamy that can make contactless payments in the United States, Brazil, and Switzerland early 2016.
Dec 01, 2015 8:12 PM EST
Gold And Silver Investment Plans- Is It The Time Right For Speculation?
There is always a proper time to purchase gold and silver and the perfect time to sell them. Investors just have to look for classic level basing for severely falling precious metals. If you are a sensitive trader, you should not mind waiting a bit to settle down with an apt deal.
Dec 01, 2015 8:13 AM EST
Using Artificial Photosynthesis to deal with Global Warming: Turning Sunlight into Clean Energy
Artificial photosynthesis is nothing but a mimic of nature’s one of the most powerful tricks. The latest scientific study shows that artificial material can mimic photosynthesis to create a fresh and self-sustaining energy source. Discovering a way to replicate the natural course of photosynthesis is one of the holy grails of scientific research.
Dec 01, 2015 8:01 AM EST
U.S.Gas Price Hit The Lowest in Seven Years
Gas price all across U.S is reaching its lowest since 2008, with Michigan as the lowest in all states.
Dec 01, 2015 5:41 AM EST
Google Recruited Tesla's Autopilot Manager
Robert Rose who lead the Tesla autopilot project has been hired by Google to work in Google Robotics.
Dec 01, 2015 5:32 AM EST
Experts and Property Companies Doubt George Osborne Housing Plan
Britain's Finance Minister George Osborne annnounced that housing is the biggest priority in his 2015 bi-annual budget review in the House of Commons.
Dec 01, 2015 5:28 AM EST
Oil prices strife ahead of OPEC meeting
All eyes on the forthcoming OPEC meeting as oil prices are reeling under pressure amid the global glut in oil supplies and surging US dollar are impacting severely. The US inventories rose to highest in the past eight decades.
Dec 01, 2015 4:24 AM EST
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