Result Page 24 for Latest Markets News & Archive

Markets

Boeing bags $855-mn contract for T-38C logistics support

Boeing Co has bagged $855-mn contract from the US Air Force. Boeing will offer avionic component integration and contractor logistics support for T-38C aircraft. The duration of the contract is 10 years and works are scheduled for completion by January 2026.

Jan 05, 2016 8:10 PM EST

News

LG to Display Its Roll-Up Flexible OLED Screen in CES 2016

Korean electronic giant, LG is to display its paper-thin OLED screen in CES. Its new flexible display technology is a a flexible and rollable screen.

News

After Qualcomm, Intel Dives Into Drone Through Acquiring Former Partner, Ascending Technologies

Intel has announced acquiring German drone maker, Ascending Technologies on Monday. All the existing 75 employees of the latter concern are going to be offered position in the new dynasty. Not only that, Intel has also pledged commitments to extend support to the existing customers of the acquired entity.

News

GM announces Mary Barra as new chairwoman

General Motors announced that it had unanimously elected Mary Barra as its next chairman, effective immediately. Barra succeeds Theodore Solso who will be retiring but will continue serving as the Board’s Lead Independent Director.

2016 may generate 3.5mn jobs in India

The year 2016 may witness encouraging employment generation, but moderate salary rise. The inflation rise will erode the salary rise benefits. India and the UAE may record robust job growth rate. IT, app economy, retail and BFSI sectors to lead emplyment generation of about 3.5 million in India. Dubai Expo-2020 may play a key role in jobs growth rate in the UAE.

Jan 05, 2016 4:07 AM EST

Japan's central bank playing activist investor role to revive economy

With an objective of reviving the economy, Bank of Japan (BoJ), Japan's central bank, is playing a role of activist investor in the domestic equity markets. The central bank's governor and Prime Minister are also asking corporate companies to increase capital expenditure and wage rise. Bank of Japan holds $54 billion in exchange-trade funds (ETFs). Japan's economy is suffering from weaker consumption and deflation.

Jan 05, 2016 3:21 AM EST

‘Latte Macchiato’: ‘Starbucks’ Hits New Caffeine Beverage

Latte Macchiato, combination of espresso and milk, is going to be served by Starbucks, the Seattle based Café Chain. The popular Australian drink is being introduced to the Americans by Angus Maxwell, certified barista serving the coffee chain. The new beverage joins the Starbucks menu and is believed to be a stepping stone between a cappuccino or flat white and an Americano among those desiring to change the taste bud.

Jan 04, 2016 10:55 PM EST

Oil Price is Slightly Rising Amidst Tension Between Saudi and Iran

Oil price is rising amidst tension between Saudi Arabia and Iran. The oil price started the first day of trading in 2016 at the price of $38 a barrel before reduced to $37 in the afternoon trading.

Jan 04, 2016 10:21 PM EST

5 key economic trends to watch in 2016

Economists and analysts foresee the five key factors that would influence the global economy significantly in 2016. The major aspects such as industrial production, consumer spending, international trade, currency trends and inflation will influence the global economy. The lower energy costs will propel consumer spending upwards, while resulting in inflation rise.

Jan 04, 2016 10:21 PM EST

Sydney home prices drop for the second month

Sydney home prices fell for the second-consecutive month. The market also recorded its worst quarter in four years as a regulatory crackdown pushed up mortgage rates causing weak demand in the housing sector.

Jan 04, 2016 6:09 AM EST

2016 Will Be Grim for Asian Ship Builders Due to Low Oil Price

Asian ship building industries will face a bleak year in 2016 due to low oil price. As a result, shipyards receive less orders for offshore rigs project. Korean, Singaporean, Chinese and Japanese as the main shipyard owners in Asia are preparing necessary measures to manage the crisis.

Jan 04, 2016 5:32 AM EST

Yen Goes Strong As Saudi and Iran Heated Tension Started The Year 2016

Yen started 2016 with a two-month high in trading, while Saudi and Iran cuts diplomatic ties. The year 2016 started with a stronger yen, traded at two-month high versus dollar and escalating tension between Saudi and Iran.

Jan 04, 2016 4:44 AM EST

Loretta Mester Backed U.S. Rate Hike as A Prudent Step

Loretta Mester, president of Federal Reserve Bank of Cleveland prefer a more aggressive approach to rate hike. Federal Reserve Bank increased interest rate for the first time in nine years last December.

Jan 04, 2016 4:26 AM EST

New Copy Right Levy Increases Prices of Apple Products in Germany

Apple Inc. has increased the prices of products in Germany, effecting from January 1, following a successful deal with German Trade Association, Bitkom and ZPÜ collecting societies in December 2015. The adopted policy is similar to those adopted by other European countries, but along with the creative intellectuals, the levy will be available for sharing with the porn film makers too.

Jan 04, 2016 4:13 AM EST

Tesla Meet Its Target, Delivering 17,400 Cars in Q4

Tesla Motors deliver its target of 17,400 cars in fourth quarter. The company has delivered 50,580 cars to its customer in 2015.

Jan 04, 2016 12:32 AM EST

Larger McDonald's Closes, 'The Ever Largest Era' Awaits

McDonald’s Florida chapter has shut down operations of the foods and entertainment chain on Wednesday. But closure has not turned an end to larger McDonald’s era, but appears to reborn with ‘the ever largest’ title. The largest burger corner is all set to start journey from early February in its renovated state of the art establishment measuring 19,000 square feet, some 7,000 square feet larger than the existing ‘French Fries Box’ structure.

Jan 02, 2016 7:48 PM EST