Result Page 17 for Latest Markets News & Archive

Markets

Exxon's Canadian unit offloads gas stations for $2.1 bln

Exxon Mobil Corp's Canadian unit is selling its retail gas stations in the country to five fuel distributors for C$2.8 billion ($2.1 billion). The transaction is expected to be completed by end of 2016 subject to the regulatory approvals.

Mar 09, 2016 8:56 AM EST

News

South African Currency Slumped as Finance Minister to Resign Over a Spat With Tax Commisioner

South Africa’s currency has dropped to its four-year low after the news of the country’s finance minister threats of resignation was reported. Finance minister Pravin Gordhan threatens to resign over a spat with Tom Moyane, as the minister demanded the tax commissioner to be dismissed, or he himself would leave.

News

HTC Vive Will Have Google Tilt Application Pre-Installed

HTC announced to bundle its virtual reality (VR) headset with painting application from Google on Monday last week. HTC have also open pre-order and will start shipment in early April.

News

Iranian Crude Oil Exports To Europe Resumes, Breaking Deadlock Since Mid-2012

Ending a sanction on Iranian oil export, The Monte Toledo, an oil tanker appears as the first to deliver crude oil in Europe since mid-2012. Iran’s oil export during February falls short from its earlier announcement for adding 500,000 barrels per day to the global oil market. However, industry insiders presume for Iranian oil exports in larger volume to Europe and Asia during the current month.

AC Milan Needs New Investment After Losing $100 Million in 2014-2015

The former European football giant in the 1990's are facing a financial strain. After a huge financial loss, AC Milan badly needs new investment.

Mar 07, 2016 9:17 AM EST

Brexit: Debate Continues In And Around The UK As Well As EU Countries

Debates in favor of and against Brexit continuing in the UK and also in the EU member countries. Except the world’s fifth largest economy, both EU and Britain, are believed to get weakened in exerting influence over global issues.

Mar 07, 2016 9:14 AM EST

Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor

Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.

Mar 07, 2016 9:10 AM EST

Nigerian investment inflow falls by N2.3tn over the past three years

Nigerian investment flow in the previous three years has declined as a result of economic slowdown in the country. Investors lost their confidence in Nigerian economy citing global oil slump.

Mar 07, 2016 9:07 AM EST

Egyptian Billionaire Naguib Sawiris Will Finalize Acquisition of CI Capital Holding by the End of March

The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.

Mar 07, 2016 9:04 AM EST

French Utility EDF CFO Resigns Possibly For Disagreement With CEO Over £18 Billion Hinkley Point project

Thomas Piquemal, chief financial officer of the French utility EDF has been rumored to resign over disagreement with company CEO. Due to decade low wholesale prices of electricity, the business has been forced to borrow billions of Euros for payment of dividends. Under such financial hardships, Piquemal has suggested to wait at least three years in finalizing the project plan.

Mar 07, 2016 9:03 AM EST

Rob Mundy opens a new online research platform for investors

Rob Mundy, a former stock research expert, has launched Research Tree, an online investment research platform designed for private investors. With this new achievement, Rob Mundy aims to create a better source of information for online investors.

Mar 07, 2016 9:00 AM EST

PSE To Formulate Market Friendly Laws Facilitating DDS Transactions

PSE has been seeking comments and suggestions on its proposed law for transactions of DDS. The procured comments and suggestions will be evaluated while drafting the rule, aiming to reflect market demands. Comments and suggestions may be sent up to March 22.

Mar 07, 2016 8:59 AM EST

Old Mutual Reportedly Planning to Split Into Several Units, The Company Stated It's Considering All Options

Giant South Africa-based international banking group Old Mutual has stated that they are considering all options as a result of a strategic review. Many believe that the group is planning to split itself into several business units.

Mar 07, 2016 8:55 AM EST

Israeli investment firms get $665 million in 2016

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed with the recent market crash, the funds inflows continue for Israel startups.

Mar 01, 2016 8:53 AM EST

Marathon Oil plans to sell shares through public offering

Marathon Oil announced its intention to sell 135 million of common shares through a public offering. The ongoing slump in the global oil industry has led many oil firms to undertake the cost-cutting strategy to keep hold of their cash level.

Mar 01, 2016 8:48 AM EST

Puerto Rico Desperately Needs US Help to Handle Debt

Puerto Rico, the island territory of U.S. is in the crisis due to its surmounting debt. Governor Alejandro Garcia Padilla repeated the island's debt will lead to moratorium.

Mar 01, 2016 8:40 AM EST