Will China impose a punitive tax on forex trades?
A senior Chinese official in an official magazine China Finance suggest the Chinese government to impose punitive leve or Tobin tax on forex transactions in Yuan. This suggestion has been made to reduce trading in the Chinese currency thus arresting the fall in forex reserves. Chinese government is offloading huge amounts of US dollars to supprt the falling Yuan ever since its devaluation on 11 August.
Oct 05, 2015 7:10 PM EDT
Global regulators hike capital requirement for big insurers by 10%
The International Association of Insurance Supervisors had agreed to introduce new regulation for insurance company. The regulation will see major insurance companies need to increase their average capital to almost 10 percent.
What is wrong with Peeple: New app faces strong resistance
The people-rating app, Peeple, is about to be launched in November 1. But a lot of people wanted to halt its launching because they found it damaging to people's privacy.
Apple's price target of $200 is overstated by 25%, says analyst
Brian White, an analyst at Drexel Hamilton, has set a price target of $200 for Apple stock in his latest initiation report. This is considered to be more aggressive when compared with market projections.
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Users can now use a video as profile photo on Facebook
The newest in Facebook is already here and is taking UK and California by storm. If you are already bored with your old profile picture, just delete it and replace it with a profile video.
Oct 05, 2015 4:29 AM EDT
Falling shares will close Dunkin’ Donuts 100 U.S. stores
Who would not love a steaming hot coffee partnered with donuts in the morning? Surely everyone knows and loves Dunkin’ Donuts. Unfortunately, it has to close 100 of its U.S. stores due to collapsing shares.
Oct 05, 2015 2:37 AM EDT
Boeing 777 propels Emirates Airlines' growth
Dubai-based Emirates Airlines is banking on wide-body aircraft for long-haul flight operations enabling it to become a global hub in the Middle East Region. Emirates is the world's biggest operator of Boeing 777 and Airbus A380 aircraft. The total aircraft fleet of Emirates includes 50 Airbus A380s and 100 Boeing 777 aircraft, which are playing a vital role in the success of the Dubai-based airline.
Oct 05, 2015 2:27 AM EDT
Rolls-Royce is planning to cut more jobs in the Marine Division
Rolls-Royce is expected to cut around 400 jobs in its Scandinavian marine division. The company is expected to cut jobs in the management sector only.
Oct 05, 2015 2:12 AM EDT
HP split approved by the board, will reduce 30,000 jobs
HP will be separated into two firms, the Hewlet Packard Enterprise and HP Inc. Prior to the reorganization, the company is set to cut 30, 000 jobs.
Oct 04, 2015 10:12 PM EDT
Entrepreneurs' Financial Checklist
Being financial literate is important for entrepreneurs as it will either make or bend the business. Hence, it is a wise idea for entrepreneurs to create a financial checklist to ensure that they are not missing on anything that could cause a financial drawback.
Oct 04, 2015 10:06 PM EDT
No role of nationality in antitrust probe: EU antitrust chief
European Competition Commissioner (ECC) Margrethe Vestager has become a target of the US media for ongoing cases against Google, Apple, Amazon and Starbucks. European antitrust chief Vestager clarifies that there's no role of nationality of companies in antitrust cases. Not only Amercian companies, but also several frims from different nations are facing charges in anticompetition, cartelling cases, etc.
Oct 04, 2015 10:03 PM EDT
Air France negotiation over pilot unions failed; 2,900 jobs at stake
Air France will cut nearly 3,000 jobs starting Monday. Reports say this is due to the airline's proposal that was rejected by the pilot unions.
Oct 04, 2015 9:55 PM EDT
Major French telecom groups are applying for 4G mobile spectrum auction
Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.
Oct 04, 2015 9:34 PM EDT
Amazon bans sale of Apple, Google streaming devices
Amazon will no longer sell Apple TV and Google Chromecast by the end of the month. While the online retailer says it is meant to avoid customer confusion, analysts see it as an attempt to favor its own products.
Oct 04, 2015 9:08 PM EDT
Petrobras price target revised, lowered
Brazilian oil and gas company Petrobras' price estimate has been revised lower amid continuous oil price drop, low net realizations per barrel in upstream and downstream operations and S&P downgrade are impacting the company in a negative way.
Oct 04, 2015 9:01 PM EDT
Exxon Mobil is fined $2.63 million
The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.
Oct 04, 2015 7:11 PM EDT
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