Macquarie Group’s expected profits to surge 40% in H1
Macquarie Group's expected profit for the first half could surpass the analysts' projections. The drop in Australian dollar and rise in asset management revenues will help the Group to come out with encouraging results to be announced on 30 October.
Sep 14, 2015 2:05 AM EDT
Vista Equity Partners to buy Solera Holdings Inc. for $6.5 B
Vista Equity Partners together with Goldman Sachs and Koch Industries offers to buy Solera Holdings Inc for a total of $6.5 billion including net debt. The deal will also see Vista buying the company's share at $55.85 per share in cash making it as the biggest acquisition for the firm.
Next Plc beats profit forecast; raises wages
UK retailing major Next Plc recorded better than forecast profits for the first half of 2015. Stronger British pound and encouraging performance of its buying teams helped the company post a better results than its peers in the industry. The company has also announced wage rise falling in line with new UK's National Living Wage act.
Cage-free eggs for McDonald's in a decade
In about 10 years, consumers of McDonald's will eat eggs lain by free-roaming chickens. This is good news for hens and animal welfare groups but will costs more to egg suppliers.
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Iran to sell crude oil to Asia on a huge discount in a bid to regain market share in the region
Iran provided good news by reducing the price of its crude oil being sold to Asia come October. Iran is trying to win back its market share in the oil industry competing with other OPEC members, specially Saudi Arabia.
Sep 14, 2015 1:53 AM EDT
Rose Gold iPhone makes its debut
The rose gold color has been revived by Apple with its iPhone 6s giving the efficient smartphone its simple but sophisticated color. Rose gold is the trending color from interior designs to jewelries.
Sep 14, 2015 1:49 AM EDT
Nestlé’s Nespresso provides bigger cups of coffee for Americans
Switzerland is welcoming another Nespresso plant to be situated in Rosmont to cater to America's preference for bigger cups of coffee. It will be the only Nespresso plant to produce pods for VertuoLine to boost more sales in the U.S.
Sep 14, 2015 1:48 AM EDT
Australian dollar recovers as unemployment figures went down
Australia is one of the countries being hit by the global economic turmoil. Now, it is beginning to recover as many businesses hire more employees resulting in the decrease of unemployment rate making the Australian dollar regains its strength.
Sep 14, 2015 1:47 AM EDT
German industrial output gains points, most intense in July
The German industry is beginning to cope up from the previous months of economic slowdown. More goods are now produced, creating more jobs and dropping the rate of unemployment.
Sep 14, 2015 1:43 AM EDT
Apple takes a bite at the enterprise segment
Apple’s latest moves are suggesting that the giant tech company is redesigning itself to penetrate the business and enterprise IT.
Sep 14, 2015 1:42 AM EDT
China deflation feared as producer prices fall anew
Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.
Sep 14, 2015 1:36 AM EDT
Serbia cuts rates for 2nd time this month
Serbian's central bank slashed interest rate for the second month in a row. Though it was on expected line, but the suddent announcement surprised everyone. The move aimed at strengthening economy growth. the GDP growth rate is at low ebb, but it's recovering from the previous year's contraction.
Sep 14, 2015 1:35 AM EDT
Alpine Valley Bread will become a subsidiary of Flowers Foods Inc.
The organic bread maker, Alpine Valley Bread will soon become a subsidiary of Flowers Foods Inc. once the transaction becomes completed in Q4. Alpine was established in the late 1990's by the Woods family baking breads using all-natural ingredients.
Sep 11, 2015 9:14 AM EDT
Japan's Nikkei turns negative for the year to date
Japan's Nikkei dipped into negative territory for the year following a 2.4% plunge Tuesday. Despite better-than-expected growth in the second quarter, investor sentiment was weighed down by weak trade data from China.
Sep 11, 2015 9:10 AM EDT
Drop in UK export brought fears for pound's stability
UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.
Sep 11, 2015 9:09 AM EDT
Czech Inflation Slows by 0.3 percent as Central Bankers Plans on Price Growth
The Czech inflation rate dropped to 0.3 percent in August, from July’s 0.5 percent, as reported by Czech Statistical Office Wednesday.
Sep 11, 2015 8:52 AM EDT
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