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Puerto Rico responds to fiscal crisis with a regressive tax that could hurt country's bottom line, poor people

Puerto Rico is increasing its sales tax to 11.5% from 7% on July in a bid to address its fiscal problems. This is considered a regressive move that could ultimately hurt the country’s bottom line and its countless poor people.

Aug 18, 2015 6:50 AM EDT


America Movil to cut roaming charges to prevent AT&T from stealing market shares in Mexico

As AT&T moves to Mexico, America Movil announced that it would eliminate its roaming charges to prevent its rival from stealing the market share in their home turf.

Aug 18, 2015 6:48 AM EDT


World stocks mostly higher on steady Yuan, Greece expected bailout

Most of the world stock markets were higher last Monday due to the steady Yuan and the expected bailout of Greece.

Aug 18, 2015 4:51 AM EDT


New York Manufacturing Index shrinks to -14.92 level; its lowest since 2009

A New York Federal Reserve survey reveals that manufacturing activity in the state has dropped to the lowest point since 2009.

Aug 18, 2015 4:50 AM EDT


BP faces over $28 million fine as FERC judge upheld price rigging charges

FERC issued a Show Cause Order to BP for the $28 million fine over price rigging charges in 2008. This is the latest among a series of multi-million cases against BP.

Aug 18, 2015 4:47 AM EDT


Inside the Billion Dollar Startup Club: Top 5 Fastest Unicorns in the World Today

It takes a lot of hard work for a company to reach $1 billion valuation. But some are faster than the rest. Here are 5 of them who reached the unicorn status in the shortest time.

Aug 18, 2015 1:43 AM EDT


India recruits private sector executives to head state bank reforms

The Indian government recruited executives from the private sector to lead two of the biggest state-owned banks, making it the first such appointments in a wide-range reform strategy to challenge the dominant but often inefficient lenders backed by the government.

Aug 17, 2015 11:32 PM EDT


Financial Struggle: Fidel Castro shares his biggest regrets

Former Cuban president and revolutionary Fidel Castro made startling admissions to Citigroup executive Bill Rhodes, who said that the Latin American leader regretted kicking out the IMF from the country and assigning Che Guevara as the chief of the Cuban central bank.

Aug 17, 2015 11:26 PM EDT


Remember the 3 Cs to get the best business loan term possible

There are three Cs you must consider when applying for a business loan. These are the Credit Score, Cash Flow, and the Collateral.

Aug 17, 2015 11:03 PM EDT


Clash of Kings Reaches 65M Downloads in Just a Year

The game Clash of Kings reaches more than 65 million downloads in one year. To celebrate this important milestone, Elex is releasing an important update that also contains gifts for the players.

Aug 17, 2015 10:53 PM EDT


Star Wars Galaxy will soon land in Disney theme parks

Disney announces plans to add their biggest themed parks to date. Guests will be transported to a whole new Star Wars world.

Aug 17, 2015 9:26 AM EDT


President Obama shares his choice of songs on Spotify summer playlist

President Obama had listed his favorite songs on The President's Summer Playlist, available on Spotify. Along with the playlist, CNBC reported that President Obama had also released his summer reading list on a two-week family vacation in Martha's Vineyard.

Aug 17, 2015 9:22 AM EDT


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