Offshore Yuan drops as China steps back from market intervention
Offshore Yuan was rising on intervention of Chinese government and dropping, when the central bank restricting its support. As a result, Chinese currency is fluctuating in domestic and Hong Kong markets. The market intervention has resulted in huge drop in the country's forex reserves.
Sep 11, 2015 1:56 AM EDT
China economy concerns: It's overdone, says Goldman Sachs
Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.
Corruption scandal rocks crisis-hit Brazil while government gears up for tax hike
At a time when the corruption scandal is shaking the Brazil, the government is thinking of raising tax rates. On the other hand, Brazil's economy is projected to shrink by two percent for 2015. The budget deficit is alarmingly widening.
MMI Holdings profit slips 10%
South African insurance company MMI Holdings' profit fell 9.8% for the year ending June. Market volatility, inflation rise and economic slowdown impacted the insurer's performance. As part of its diversification plan, MMI Holdings is expanding overseas and developing new products.
Latest News
China Panda TV is Amazon Twitch.tv's nemesis
Amazon Twitch.tv will meet its difficult rival, Panda TV and will just be surprised. It will be facilitated by Wang Sicong, chairman of Prometheus Capital and son of Wang Jianlin, the wealthiest man in China and the chairman of Dalian Wanda Group.
Sep 10, 2015 9:46 AM EDT
HTC is being removed from a major index on Taiwan’s stock exchange on September 21
HTC is being removed from Taiwan Stock Exchange FTSE TWSE Taiwan 50 index days after the company reported its lowest revenue in 8 years.
Sep 10, 2015 9:31 AM EDT
Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential
Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.
Sep 10, 2015 9:08 AM EDT
TD Bank Group CEO to Exercise Options and Donate Acquired Shares to Charity
TD Bank Group CEO Tim Hockey will exercises 28,812 options and plans to donate the portion of his shares to charity.
Sep 10, 2015 8:55 AM EDT
Automotive Lean Manufacturing Techniques Revamp Wisconsin Maker of U.S. Navy Warships
With the use of lean manufacturing techniques from the automotive industry, a $100 million worth of investments, and a more engaged workforce, the Wisconsin shipyard where U.S. Navy's coastal warships are built was revamped.
Sep 10, 2015 8:44 AM EDT
Bourbon SA Pulls Out 35 Vessels Due to Overcapacity, Widening Losses
Giant French ships supplier Bourbon SA pulls out 35 vessels from operation due to overcapacity in the market, which results to more losses.
Sep 10, 2015 8:42 AM EDT
Japanese stocks at a seven-year-high, 7.7% higher
Japanese stock market soared to a seven-year-high after Chinese economy stabilized. Japanese stocks went off the roof Wednesday as the country's Nikkei Index closed at 7.
Sep 10, 2015 8:40 AM EDT
BMW invests millions in a startup that parks your car
BMW invests an undisclosed amount in a startup offering valet service apps, ZIRX. BMW, the German automaker is investing millions in a new parking startup based in San Francisco.
Sep 10, 2015 8:34 AM EDT
The Investment Association Launches Major Crackdown on Executive Pay
Being one of UK’s most powerful shareholder groups, The Investment Association, has commissioned the Executive Remuneration Working Group to launch a major crackdown on soaring executive pay.
Sep 10, 2015 8:29 AM EDT
Financial Advisers Raised Fees for Getting Pension Help after Freedom Reforms
Financial advisers increased their basic pension services fees by 16 to 17 percent after freedom reforms.
Sep 10, 2015 8:25 AM EDT
Netflix Stocks Continues to Decline
Netflix stocks continues to decline after its rivals Hulu announced ads free streaming and Amazon will offer offline download feature.
Sep 10, 2015 8:10 AM EDT
Oil prices finally move up into positive territory
Oil prices finally moved up to positive territory Wednesday with small gains in Asian market due to stronger sentiments from some of the major financial markets in the region.
Sep 10, 2015 8:09 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
