Result Page 33 for Latest Markets News & Archive

Markets

Ford’s driverless Fusion Hybrid sedans will hit California roads by 2016

Ford will begin testing its fully autonomous vehicles in California roadways in 2016. The company has received a permit from DMV in California to test its Fusion Hybrid and plans to add more models to the autonomous vehicles road tests.

Dec 16, 2015 3:42 AM EST

World

Bosnia catching up for Arab investments

Bosnia, a southeast European nation, is attracting not only tourists from the Middle East region but also investors. Arabs are investing heavily in Bosnia's capital city Sarajevo. Bosnia is facing unemployment problem, which is at 40 percent. The country is still suffering from the impact of war. With Arab projects coming up in Bosnia, the tourism sector is set to emerge as an alternative to glamorous Swiss resorts.

News

Indian indices rose ahead of Fed decision

Indian equities slipped into pressure as foreign investors pulled off heavily ahead of US Fed meeting. However, the benchmark indices recovered from six-year lows to end the trading on a positive note on Tuesday. The US Fed rate hike is discounted by India amid lower oil prices. Indian imports oil for its 80 percent of energy requirements. Fund managers are bullish on Indian markets for 2016. The surge in consumer prices is positing a tough task for RBI Governor Raghuram Rajan.

News

Yuan at 4-year low against the US dollar

After being added to IMF's basket of currencies, Chinese Yuan fell for eight out of 10 sessions, recording its longest run of losses since June. The Chinese currency against the US dollar dropped to four-year low. However, it rose against 11 of 16 major currencies. Chinese central bank in a statement said that Yuan shouldn't be measured by its fluctuations only against the US dollar, but also against other major currencies.

What does Fed rate hike mean to auto loans, mortgages & credit cards?

The US Federal Reserve is expected to make a decision on the interest rate on Wednesday. Most probably, the Fed will opt for a rate hike. If it raises the interest rate, then it will impact all types of borrowing costs for consumers.

Dec 16, 2015 2:58 AM EST

Pepsi to uncork new Gatorade in 2016

PepsiCo will launch Gatorade sports drink in 2016 as the global soft drink major is looking beyong carbonated drinks. The company sees growth potential in organic drinks market. PepsiCo CEO Indra Nooyi recently said focusing on carbonated soft drinks was a thing of the past.

Dec 15, 2015 10:33 PM EST

Mercedes-AMG unveils the new convertible S65 Cabriolet with powerful V-12 engine

The new Mercedes-AMG S65 Cabriolet will be unveiled on public at the Detroit Motor Show next month. The new convertible S-Class Cabriolet based is powered by powerful V-12 engine that can deliver speed at up to 186 mph.

Dec 15, 2015 10:18 PM EST

Deeper recession, faster CPI, higher rate squeezing Brazil

Latin American nation Brazil is suffering from rising inflation, unemployment and drop in economy growth. The Brazil's central bank is expected to raise interest rate in 2016 and this will further enhance borrowing costs putting more pressure on business and industry.

Dec 15, 2015 9:49 PM EST

Fashion Website Gilt To Be Sold for $250 Million: Hudson’s Bay is the Prospective Buyer

Gilt is into talks with Hudson’s Bay to sell off its business at $250 million. The value of Gilt group is surely slashed from where it was a couple of years ago. The deal is however yet to be finalized early in the coming year.

Dec 15, 2015 7:54 PM EST

Hotels are turning to AirBNB for renting rooms

People globally use AirBNB to rent out spare rooms or an entire house, but now hotels are also using AirBNB to find customers. AirBNB is preferable over Expedia and Priceline as it charge just 3% fee per reservation. Hotels and hostels situated in Los Angeles, Denver, Chicago, Honolulu are also using AirBNB platform.

Dec 15, 2015 7:46 PM EST

Apple Inc Acquired the San Jose Chip Making Plant for $18.2 Million

The San Jose chip manufacturing facility plant is purchased by Apple Inc. for $18.2 million. The purpose of buying the plot is still not known. Samsung semiconductor is the new neighbor for Apple after this recent purchase.

Dec 15, 2015 4:38 AM EST

Despite BG takeover, Shell to slash jobs

Royal Dutch Shell is keen on slashing jobs by 2,800 as part of its cost reduction exercise. Shell is acquiring BG Group Plc in a £40-billion takeover, for which it has received all the required regulatory approvals. However, considering the lower oil price, shareholders raise questions that offer is overpriced for BG Group plc. The acquisition deal is poised to be over by early 2016.

Dec 15, 2015 3:42 AM EST

Airbus owners reach out future operators for Singapore Airlines’ planes

The owners of five Airbus' A380s leased to Singapore Airlines seek for potential future operators for the planes as the Airlins is still mulling whether to extend the leases.

Dec 15, 2015 3:36 AM EST

Asian stocks trade lower on thin volumes; Oil below $36/ bbl

Asian stocks were trading lower ahead of US Federal Reserve meeting, which will be held during 15-16 December 2015. Barring Shanghai index, all Asian indices ended lower on thin volumes. Oil price slipped below $36 a barrel. Japanese Nikkei index dropped to 10-week low. The Wall Street ended withlosses last week.

Dec 15, 2015 2:08 AM EST

Cotton piles up at warehouses globally

The increasing volumes of global inventories are giving lesser chances for price rise on cotton. However, the cotton output in the US, China and India is expected to be lower this season. Hedge funds are bullish on cotton prices. Cotton has been doing well this year among other commodities. India is expected to be world's largest cotton producer during 2015-16 replacing China.

Dec 15, 2015 2:02 AM EST

The Plan to File a Lawsuit Against Amazon by the NJ Mayor has been Abandoned

People from all over the world were contemplating if filing a lawsuit against Amazon is justified by NJ Mayor over traffic issues. Surprisingly, within a couple of weeks, NJ Mayor has withdrawn his decision to sue Amazon and clarifies the reason behind his sudden decision change.

Dec 14, 2015 8:50 PM EST