Matahari Mall launches in Indonesia, with $500M funding from Lippo Group, Aims to be "Alibaba of Indonesia"
Matahari Mall officially launched Wednesday with ambitions to be the “Alibaba of Indonesia,” with $500 million funding from real estate giant Lippo Group.
Sep 11, 2015 6:11 AM EDT
Two Giant Debt Collectors Ordered to Refund a Collected $61million to Consumers
Two of the largest debt collection companies are ordered by the Consumer Financial Protection Bureau to refund a collected $61 million to customers for allegedly using deceptive strategies to collect debt.
Glencore Billionaire Willing To Pay $210 Million Bill To Help Company's Balance Sheet
Glencore’s Chief Executive Officer Ivan Glasenberg is on the hook to pay $210 million of the company’s impending doomsday sale of $2.5 billion to bolster its balance sheet.
S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
S&P junks Brazil’s investment-grade credit Wednesday as the nation faces recession that is seen to last until 2017, as well as political strife.
Latest News
Twitter partners with giant Indonesian carrier Indosat on #TwitBuy
Twitter lets 68 million Indonesians use its direct messaging feature by partnering with giant carrier Indosat.
Sep 11, 2015 5:09 AM EDT
Apple launches upgrades, including first ever Apple Pencil; Looks great but impractical, says professional designers
Apple launches a series of hardware upgrades Wednesday, but the most notable one is its first Apple Pencil, which has been getting a few unlikeable reactions from professional designers and creatives.
Sep 11, 2015 5:05 AM EDT
Oil price decline makes gasoline less expensive
Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.
Sep 11, 2015 4:48 AM EDT
Eravacycline test failure plunges Tetraphase shares
It is a disappointing share decline for Tetraphase Pharmaceuticals Inc. when its manufactured drug, eravacycline failed to proved its efficiency to cure bacteria called superbugs. It may be better than Merck's ertapenem but not with Johnson & Johnson's levofloxacin.
Sep 11, 2015 4:45 AM EDT
Jeb Bush promises 4% growth in US economy
Jeb Bush, former governor of Florida, has promised 4% growth in the economy for the world's largest country.
Sep 11, 2015 4:43 AM EDT
Broadcast Music Inc. Earned Industry-Breaking $1B Revenue, $877 Million of Which Went to Affiliates
Broadcast Music Inc (BMI) announced Tuesday that it surpassed the $1 billion revenue mark, generating $1.013 billion over the fiscal year, which is the biggest in the industry.
Sep 11, 2015 3:32 AM EDT
Buffett Dumps Exxon, Buys Refiner Phillips Stake Due to Falling Oil Prices
Warren Buffett sold Exxon Mobil Corp. shares and bought refiner Phillips 66 stake due to plummeting oil prices.
Sep 11, 2015 3:22 AM EDT
Wall Street turns to bitcoin technology as Nasdaq invests in Chain.com
Nasdaq, Citi, Visa and other companies invested $30 million in Chain.com, a Blockchain startup engaged in the virtual currency, Bitcoin. The investment made by Nasdaq is considered to be Wall Street's inclination towards bitcoin technology.
Sep 11, 2015 2:52 AM EDT
Exports, funds inflow pulled up Ireland's GDP
Supported by exports and capital investments, Ireland's GDP grew 1.9% during the second quarter and 6.7% on annualized basis. The Irish economy is among the fastest-growing European nations for the continuous second year. Ireland is also accepting refugees adn taking necessary measures to support them.
Sep 11, 2015 2:43 AM EDT
Immigrants beneficial to Germany in the long run
Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.
Sep 11, 2015 2:40 AM EDT
Beauty products are the next big thing in Korean export
While every country is struggling with their economy, Korea has found a new way to increase its growth. Through K-pop, Korean cosmetics will be one of the beauty products that every consumers will now use from different countries and in the coming future.
Sep 11, 2015 2:12 AM EDT
Toyota investing $50 million in artificial intelligence for cars
Toyota announced their five years investment plan for research in the artificial intelligence sector with MIT and Stanford Univesity.
Sep 11, 2015 2:11 AM EDT
Most Popular
Newsletters
Stay ahead in finance. Subscribe for expert insights, market updates, and investment strategies. Join our newsletter to secure your financial future.
Latest News
