China's manufacturing PMI at 78-month low
The preliminary Caixin China manufacturing purchasing managers' index (PMI) dropped to 47 for September indicating further alarming situation in the factory output. The PMI was 47.3 in August. Any level below 50 indicates deceleration in the economy activity.
Sep 23, 2015 10:26 PM EDT
Indian rupee slips in 3 sessions
The rising demand for US dollars and renewed concerns about Chinese economy have impacted Indian currency Rupee in the forex market. The Rupee continued to skid against the US dollar for the three sessions in a row.
China joins US in fight against cyber crime
President Xi Jinping said in his closing speech in Seattle that China is ready to set up a joint force to combat cyber crimes. He gave this assurance to tech company executives attending a closed-door meeting.
Rising home values boost American household wealth
American equity recovered from the slump of the 2009 recession. Adding to the sale of homes, couples working extend the family's purchasing power.
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EU's proposal on refugee quota evokes mixed reaction
Airming to resolve the refugee crisis for European nations, EU has prepared a proposal with quota sharing on 120,000 immigrants among 28 members. Germany and other major nations supported the proposal, while some countries voted against it. However, EU has stated that it'll go ahead with the proposal.
Sep 23, 2015 9:03 AM EDT
Mark's younger sister, Arielle Zuckerberg will join Kleiner Perkins as an associate partner
Kleiner Perkins Caufield & Byer recruits Arielle Zuckerberg as an associate partner. Mark Zuckerberg's younger sister will start on October 19.
Sep 23, 2015 8:36 AM EDT
China's president starts his first official US visit
Xi Jinping and his wife are visiting the US for a week as the country is trying to strengthen its relationship with the US. During this visit, Xi Jinping will also meet Obama as the two leaders will discuss military policy.
Sep 23, 2015 8:25 AM EDT
Brazil to host its own Internet high-speed exchange point away from the U.S. - Telebras
Brazil will install its own submarine cable starting 2017. It would boost the country's Internet speed and would avoid the U.S. secret surveillance.
Sep 23, 2015 4:33 AM EDT
EU court orders airlines to compensate passengers for flights cancelled or delayed
Ryanair along with the other airlines with flights in UK will be held accountable for passenger delayed flights and cancellations due to technical reasons. Each passenger will be compensated depending on the distance of their flight.
Sep 23, 2015 4:32 AM EDT
French court decides: UberPop officially banned in France
The French Constitutional Court rejected Uber's appeal regarding UberPop's case. The court supported the law that was passed last year, implying only professional drivers must render services in the country.
Sep 23, 2015 4:29 AM EDT
Photoshop maker Adobe reported 21 percent quarterly increase in revenue due to more cloud subscription
Adobe reported a 21 percent revenue increase for the third quarter, which ended on August 28, due to cloud push.
Sep 23, 2015 4:27 AM EDT
Low oil prices renders $1.5T worth of oil and gas production projects uneconomic
Some $1.5 trillion worth of new oil and gas projects wont be given a go ahead this year due to the low oil prices, according to research firm Wood Mackenzie.
Sep 23, 2015 4:16 AM EDT
2.4M applicants lined up in India for 368 low-level government jobs
2.3 million Indians scramble for 368 low-level government jobs that have tea making and bike riding as qualifications, symbolising the bad condition of India’s job market.
Sep 23, 2015 2:35 AM EDT
Volkswagen credit spreads rose despite pollution controls evasion
Volkswagen is proven of deceiving EPA in regards with its car emission levels forcing the agency to officially charge the German automaker what is due them. VW's credit spreads widened the fact it faces a maximum fine of $18 billion.
Sep 23, 2015 2:33 AM EDT
Tesla launches fully electric Model X crossover on Sept. 29
Tesla makes good on its promise to deliver first production Model X vehicles this month. The company says the fully electric crossover will be delivered to first customers during launch at its Fremont factory on September 29.
Sep 23, 2015 2:30 AM EDT
Tsipras to push bailout package, hike taxes
Soon after coming back to power for the second time in lthe same year, Alexis Tsipras is making measures that support the third round of euro 86-bn baiklout package. He inducted two baikout negotiators into the government economic team. Barring two parties, remaining all the parties are supporting the bailout package.
Sep 23, 2015 2:26 AM EDT
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