Result Page 53 for Latest Markets News & Archive

Markets

Chinese jewellery demand decline shadows Canadian Arctic diamond sector's sparkle

The declining prices of diamonds due to the slow growth of demand in China have badly affected the sparkle that Canada’s Arctic diamond industry once had.

Oct 28, 2015 3:52 AM EDT

Markets

Volkswagen says sorry in Japan auto show

At the Japan Auto Show, Volkswagen AG announced its plan to build a sports utility vehicle in its plant in the US. The company's Japan Division head Sven Stein apologized by bowing down low for several seconds.

News

Iron Ore Settles at $50, Keeping up with Declining Demand

Iron ore futures dipped to $50 a tonne Monday, the lowest it has been in three months, while Chinese steel producers cut output due to the decline in demand of iron ore.

News

Retailers: It's a false figure for Japanese consumer spending after price hike

Japanese retailers say official statistics on consumer spending should not be believed in as stores slash earnings forecasts and expects a lackluster consumer spending.

Monsanto plans to close down three R&D centers in 2016, cutting out about 90 jobs

Because of the declining dwindling agricultural commodity market and expensive restructuring operations, Missouri Agrichemical Company Monsanto plans to close down three research and development centers in 2016, cutting about 90 jobs.

Oct 28, 2015 2:51 AM EDT

Morgan Stanley's Trading Revenue Dropped in the Third Quarter

Morgan Stanley reported a drop of their trading revenue in third quarter this year. As a result from the declining trading and private equity business, they have shifted the focus to a less volatile business segment.

Oct 28, 2015 1:46 AM EDT

British Airways Offering 40% Discount Redemptions for the World Traveller Seats on chosen Long haul Flights

The British flag carrier, British Airways launches their discount on Avios Travel redemptions in World Traveller. Avios Travel Rewards are granted with 40% discount and it is only available for long haul flight routes.

Oct 27, 2015 11:47 PM EDT

Lyft Officially Operates their Ride Services at McCarran Airport in Las Vegas

Ride sharing app, Lyft has stole the first spot from their rival company, Uber on extablishing ride services at the McCarran Airport in Las Vegas. Both car ride companies are now permitted by the Clark County Commission to operate their business at the Las Vegas' McCarran Airport airport.

Oct 27, 2015 11:42 PM EDT

Mark Cuban to Wall Street Journal: “SEC screwed up so bad”.

Mark Cuban who won SEC acquisition of insider trading in Dallas court earlier, strongly criticized SEC for lack of oversight that cause stock market to become unsafe for customer and startup in a Wall Street Journal event.

Oct 27, 2015 9:47 PM EDT

Twitter CEO earns brownie points with stock giveback

A week after laying off hundreds of employees, Twitter CEO Jack Dorsey gives away shares to employees. At almost the same time, he announced he was donating shares in his other company, Square.

Oct 27, 2015 9:05 PM EDT

New Balance Sneakers Changed Company's Direction

As competition gets tougher in sneaker and sportwear industry, New Balance,a company that has been in the business for more than 100 years has to change their direction to snowboarding boots and outdoor shoes.

Oct 27, 2015 9:26 AM EDT

Microsoft Focus on Cloud Service Raise Its Third Quarter Revenue

A strategy shift from Microsoft to focus on cloud service has gained a positive result. With the raise of their third quarter revenue, Microsoft will continue to focus on integrating their cloud and mobile business strategy.

Oct 27, 2015 8:56 AM EDT

JPMorgan Chase is Challenging Apple Pay with Chase Pay

A mega bank, JPMorgan Chase is challenging Apple in mobile payment technology with their Chase Pay. They also have signed an agreement with Merchant Customer Exchange to allow their merchant members accepting the payment system.

Oct 27, 2015 8:42 AM EDT

Globo’s CEO and CFO resign amid falsification charges

Globo Plc, the greek software company stated that its CEO and CFO have resigned after they admit falsifying financial data at the company. The disclosure was following a report from short seller company Quintessential that made allegation the company lied about its financial position.

Oct 27, 2015 2:03 AM EDT

Concerns raised by US regulators on Philips’ Lumileds Sale to Go Scale Capital

Philips announced that the sale of Lumileds to Go Scale Capital in uncertain due to unexpected opposition from US government. The company plans to sell a stake of 80.1% to Go Scale Capital, the China-based equity firm. Philips also announced the third quarter profit that is better than expectations.

Oct 27, 2015 1:36 AM EDT