Yen against euro may soar further in price swings
Anticipating that Yen would further strengthen against the euro following investors' betting on lower interest rates, the Japane's currency may further rise in price swings. Yen against the euro rose eight percent this year. Bank of Japan is likely to be under pressure to keep interest rate at lower level following the cues from ECB.
Oct 27, 2015 1:28 AM EDT
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
Weaving Capital (UK) Ltd. Founder Magnus Peterson was banned by the Financial Conduct Authority from working in the financial industry for defrauding investors out of their money, which totals to about $640 million worth of funds.
Alibaba Group Holding Ltd set to release Q2 revenue, experts study how Chinese economic meltdown affected its performance
Alibaba Group Holding Ltd is set to release its second quarter earnings for the fiscal year 2016 on the opening bell of October 27. Investors and analysts will be closely watching the company’s earnings to determine how China’s economic slowdown affected the giant e-commerce performance for that quarter.
Asian Shares continue to rally higher
Asian markets continue to rally to two month high as the China bank announced that it will lower the benchmark interest rate by 25 basis. The news drive most markets in the Asian region to climb higher.
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BlueScope agreed to buy the remaining stakes in North Star from Cargill
BlueScope agreed to buy the remaining stakes in a deal worth $750 million. The acquisition means that Cargill will be out of steel production investment.
Oct 26, 2015 8:41 PM EDT
Oil prices under pressure amid weaker demand outlook
Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. The oversupply position is also impacting the oil price in a negative way. Speculators are withdrawing from their previous bets on rising prices. The front-month US crude futures were trading at $44.65 per barrel 12 percent lower than the peak level in October.
Oct 26, 2015 8:34 PM EDT
GNC Charged of Selling Products with Ampethamine-like Substances
GNC is being accused of vending supplements which contain illegal substances that could do more harm than good for the health. A lot of proof has been found that GNC officials knew of the illegal substance, BMPEA, that contains amphetamine-like substance but continued to sell it to consumers.
Oct 26, 2015 8:15 AM EDT
BP and Shell Lost Billions of Profits Due To Oil Exploration Failure
BP and Shell were battered losing billions of profits because of oil price plunge and unsuccessful oil exploration. Contributing to the loss is the drop in China's demand for oil and Saudi Arabia's restraint on the oil production.
Oct 26, 2015 8:09 AM EDT
Mercedes Car Sales Create New Record in China
It is unexpected but yes, Mercedes-Benz cars made a new record in China that reached 53%. It got a handsome portion in the car market share especially that Volkswagen is faced with a lot of issues.
Oct 26, 2015 7:49 AM EDT
China to Merge it's Three Largest Airlines as part of the state-owned enterprises reformation plans
China is considering to merge the country's major airlines in terms of caro operations as it is part of their state-owned enterprises reformation plans. A speculations also revealed about the two of the three largest airlines that is also on merge in forming the largest, however, both airlines denied the rumors.
Oct 26, 2015 7:02 AM EDT
Royal Caribbean Launches New Campaign Ad Focusing on Millenials, Cruise line brand's Campaign on Periscope will also on November
The Royal Caribbean introduce their latest campaign ad centers targeting Millenials, or first time cruisers in attempt to change their perception about cruising. The cruise line brand is also launching a Periscope campaign on November, that is considered new in the cruise industry.
Oct 26, 2015 6:57 AM EDT
Google reports earning for the first time being under Alphabet with $18.7 billion revenue, $5 Billion buybacks
Google reported its third-quarter earnings for the first time under its parent company Alphabet. Google earned $18.7 billion in revenue and $7.35 earnings per share during the third quarter.
Oct 26, 2015 5:07 AM EDT
Citigroup seeks buyers for 20% stake in China Guangfa Bank after scrapping plans to list in Hong Kong
Citigroup is in talks to sell its 20 percent stake in China Guangfa Bank, with China Life Insurance Co. and Citic Trust Co. considering to acquire the shares.
Oct 26, 2015 5:04 AM EDT
Goldman Sachs' social impact investment showed successful result in Utah
Golden Sachs had invested $7 million to expanding the preschool program in Utah. This social impact investment had showed a successful result.
Oct 26, 2015 2:58 AM EDT
P&G sales dive to its lowest in 7 quarters, but profit beats expectations
P&G reported its biggest sales drop citing that the strengthening in the US currencies as the reason behind it. The company also cuts its revenue forecast for the next quarter as it is still uncertain on current economic status.
Oct 26, 2015 2:46 AM EDT
Coca-Cola Q3 revenue falls nearly 5%
In the third quarter of 2015, Coca Cola revenue falls nearly 5%.Their global market revenue is reported to generate less value due to currency exchange rate.
Oct 26, 2015 12:00 AM EDT
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