After 3 attempts, ICE to launch Singaporean Futures Exchange in November
After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.
Sep 10, 2015 5:59 AM EDT
UK Stocks Rises for the Third Day Since Turn of the Week, Glencore Leads Miners Higher
UK stocks rises for the third day closing at 6,2229.01, up 1.35 percent yesterday marking this week as the best week since April
Feared Death Cross Can Be Heralding Good Days If History Repeats Itself
Recent Death Cross signals market rallies instead of market crash if history repeats itself. In a chart filled with Equity Bears, the Death Cross becomes one of many investors' worst fears as it poses an ominous market crash.
Tesco disposed off South Korean unit to pay its debts
Tesco's debt-laden balance sheet already piled up and Tesco CEO has to do something about it. This forced him to sell the South Korean unit to MBK Partners Ltd to ease the burden of the grocer retailer and focus more on the home store.
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Tesco checking out overseas ventures
With debt burden mounting to GBP 21.7bn, The world's third largest retailer has been forced to offload its overseas ventures gradually.
Sep 10, 2015 3:35 AM EDT
Surfwear Chain Quiksilver Inc. files for bankruptcy, Plans to Give control to Lender Oaktree Capital Management LP
Surfwear chain Quicksilver Inc. filed for bankruptcy and plans to hand control over to Oaktree Capital Management LP.
Sep 10, 2015 3:32 AM EDT
China puts circuit breakers to keep tabs on volatility
Alerted by increased market volatility, Chinese government is in the process of implementing circuit breakers that would suspend trading in a stock if it moves over five percent either direction. If index falls or gains 10 percent or more, then trading will be halted for the day, according to draft regulation. Shanghai index unexpectedly rose in the last five minutes of trading following the news that major infrastructure projects have been approved.
Sep 10, 2015 3:30 AM EDT
Dead Money, Well-Known Stocks That Must Be Sold Now
Investor Place's editor Jeff Reeves suggests selling Wall-Mart, Chevron, Caterpillar, Proctor and Gamble, and Intel stocks.
Sep 10, 2015 12:29 AM EDT
Milennials Dive Into the Wild Stock Market, Investing Despite Volatility
More Millennials are fearlessly diving into the Wild Stock Market, buying more stocks despite volatility.
Sep 09, 2015 11:22 AM EDT
IRS Rejects Yahoo's Tax-Free Alibaba Spin-off Request, Sending Stocks Down 4%
IRS rejects Yahoo’s plan for a tax-free Alibaba spin-off, which Yahoo hopes would have been a move to give back money to shareholders. Yahoo shares dropped 4% after the news.
Sep 09, 2015 10:59 AM EDT
Recent Study Shows Top 300 Pension Fund Assets Are Now Over $15 Trillion
Recent research conducted both by Pensions & Investments (P&I) and consultants Towers Watson has revealed that the combined assets of the top 300 pension funds has now reached $15 trillion.
Sep 09, 2015 10:52 AM EDT
Asian Currencies Increased as Global Stocks and Chinese Shares Rally Boosts Sentiment
Asian currencies increased due to sharp rebounds in the global equity markets and in Chinese shares Wednesday boosted risk sentiments.
Sep 09, 2015 10:51 AM EDT
Paddy Power, Betfair £5B merge deal expects to complete process by 2016
Two of the Britain's online betting site, Paddy Power and Betfair, confirms the merging deal worth £5B. It is expected to be completed next year, which will make them the largest online gambling company in the whole world.
Sep 09, 2015 9:59 AM EDT
500 Startups Slowly Conquering the World with Six New Investment Partners
500 Startups looks to find its new unicorn by hiring six new partners to play specific important roles all over the world.
Sep 09, 2015 9:55 AM EDT
Japan's Economy Reduces at a Minus 1.2 Percent Annual Rate in Q2
Japan’s economy contracted at a minus 1.2 percent annual rate, as seen in its second quarter report.
Sep 09, 2015 8:54 AM EDT
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts say that as we enter the venture capital revolution, majority of capitalist venture on disruptive technology. Thus, it creates imbalance in our economy, neglecting other areas that need to be developed like health, food and education.
Sep 09, 2015 6:18 AM EDT
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