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Vietnam sees property rebound as more prefer mortgage than cash in buying homes

Vietnam is experiencing a real estate property rebound as thousands of first-time home buyers choose loans to buy their houses and pay mortgage for up to 15 years, increasing the real estate loans by 22 percent in 2015.

Dec 07, 2015 11:14 PM EST


Credit market faces $1 trillion problem from borrowers looking to refinance their debts

Lower quality, high yield, and leveraged loan borrowers are looking to refinance their loans, which is expected to reach up to $1.05 trillion to $1.2 trillion worth of low quality speculative grade debt.

Dec 07, 2015 11:09 PM EST


China's budget airline spread wings to cover more routes

The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.

Dec 07, 2015 9:31 PM EST


Ferrovial offers broadspectrum A$715M in Cash

Ferrovial SA offered A$715 million for Broadspectrum Ltd., almost a year after the company rejected its previous bid. However, lots of investors are unhappy with the new offer as it presents an opportunistic bid.

Dec 07, 2015 9:27 PM EST


Asian stock markets boosted after U.S. jobs report

Asian stock markets traded higher after the US jobs report suggested the likelihood of the Federal Reserve to rise interest rates in next week. Stock benchmark traded higher in Japan, China, South Korea, Singapore, Taiwan, Philippines, and Indonesia.

Dec 07, 2015 9:25 PM EST


A long-stretched financial winter looms over Hong Kong

Hong Kong's financial hub has slipped into pressure following the continuous economy slowdown in China and concerns about possible interest rate hike by US Federal Reserve. The GDP of Hong Kong's financial center is expected slip over two percent. The latest probe by Chinese authorities into financial markets is also creating tremors among hedge funds, fund managers, brokerage firms and banks.

Dec 07, 2015 9:24 PM EST


IDC: Worldwide Smartphone Market Will See the First Single-Digit Growth Year on Record

On Thursday, the new market forecast said that global smartphone sales growth will cool to single digits for the first time amid the China's economic slowdown. IDC predicted the 9.8% increase in global smartphones shipment to a total of 1.43 billion units. Android dominates the market share with 81.2% with Apple holding only 15.8%.

Dec 07, 2015 8:27 AM EST


Relieved Northern China: Free from the Deadly Smog after Five Days

Interestingly, just when China took a pledge to fight with global warming in Paris meet, Northern part of China is covered with deadly smog. Chinese people got some relief after a strong winter wind helped to clear out the haze after five days.

Dec 07, 2015 8:13 AM EST


Motorola Solutions Acquires Airwave for $1.2 Billion

Motorola acquire UK's Airwave for $1.2 billion to enhance its service business in mobile communication.

Dec 07, 2015 8:07 AM EST


Delhi Pollution- If the Air is being Shared, Why Isn’t the Responsibility?

To combat with Delhi pollution, people need to be responsible first. Beijing, the closest competitor of Delhi in air pollution introduced odd-even number vehicle restrictions way back 2008 Olympics. This measure can be implemented on an immediate basis without any expense.

Dec 07, 2015 7:19 AM EST


Iron ore below $40 as China's reserves at 7-month high

The China's economy slowdown and concerns about possible interest rate hike by US Federal Reserve are impacting iron ore prices, which are hovering at $40 per metric ton. Adding to this, the increased supplies from global majors are further putting pressure on iron ore prices. The sluggish Chinese steel industry has also become a cause of concern.

Dec 07, 2015 4:17 AM EST


Volkswagen hold talks with investors in Qatar following emission scandal

Volkswagen's CEO, chairman, and top shareholders held talks in Qatar to discuss the company's emissions tests scandal and Volkswagen's new structure and future business focus. The Qatar investor was calling for changes in the Volkswagen management following the emissions scandal that has cost the shareholders billions.

Dec 07, 2015 2:10 AM EST


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