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Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund endorsement, Rich Chinese men are selling their yuan or Renminbi for other currencies, because they know that the country's economy continues to slow down.

Dec 14, 2015 4:59 AM EST


Blackberry Backs to Tracks: Forefronts Secured Androids

Blackberry possesses 1% chunk of global smartphone market, but still manages to generate $192 million revenue or 41% of global sales from selling 8,00,000 units in Q2 of FY 2016. Blackberry eyes hefty profits by Q4 of FY16 through its unique security features and those include seeking information on developer’s certificate from the apps to be run in the device, which has recognized Blackberry as the forefront in ensuring secured phones that over rides price competitiveness.

Dec 14, 2015 4:14 AM EST


Debt fund blocks investors from withdrawing assets, emphasizing junk-bond plunge

Avenue Focused Credit Fund is blocking its investors from withdrawing their money, which emphasizes the junk-bond decline.

Dec 14, 2015 4:05 AM EST


Talks about U.S. confiscated property in Cuba begins

Faced with sorting out nearly six decades of financial claims and counterclaims against one another that run into the hundreds of billions of dollars, diplomats from the United States and Cuba resorted on Tuesday over one of the most contentious issues remaining between the two countries. The two sides are sitting down for the first time to discuss the American properties Cuba confiscated decades ago.

Dec 14, 2015 4:00 AM EST


Paris Talks: All is well for India in deal, except coal line

India’s coal plans came under repeated attack from developed nations and western media during the two-week climate change conference in Paris. India mostly agrees with the Paris agreement to make a transition to renewable energy. But the inclusion of one line in the article dealing with the deal’s purpose might prove to be a big irritant in its plans to build coal-fired power plants

Dec 14, 2015 3:54 AM EST


Jumbo jets may be heading to extinction amid changes in regulations, business dynamics

The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.

Dec 13, 2015 10:11 PM EST


To raise money, Syria government imposes tax on Shawarma, restaurants

The Syrian government has imposed taxes on shawarma, and has imposed harsher laws on other everyday life businesses to keep economy going amidst the on-going civil war.

Dec 13, 2015 9:55 PM EST


Colombian central bank hints at rate hike

The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.

Dec 13, 2015 9:47 PM EST


Talks of Dow-DuPont Merger: Futuristiic Powerful Mergers Can Help to Reshape the US Corporates

The big stakes are being built in big companies by the active new investors. It will help in reshaping the US corporate structure.

Dec 13, 2015 2:09 AM EST


Wall Street up, crude oil down

U.S. Stocks closed higher after three straight days of declining, as oil declined further to almost seven-year lows.

Dec 11, 2015 8:33 PM EST


LG Electronics CEO was Vindicated from Vandalism on Samsung Washing Machine

LG Executive accused of vandalizing Samsung washing machine during 2014 Berlin electronics trade fair but was found not guilty.

Dec 11, 2015 10:35 AM EST


Uber Launched Desktop App on Windows 10

Uber created a desktop app to enable users hail a ride from their desktop. Unfortunately, the app is unable to work on its own.

Dec 11, 2015 10:26 AM EST


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