China infuses GBP 14B emergency funds into banking system to bridge gap of cash supply position
Chinese government in its latest move has infused GBP14 billion emergency funds into the domestic financial system to address the liquidity crunch. The slowdown in economy growth and continuous fall in stock markets have weakened the financial system in the world's second largest economy.
Aug 27, 2015 2:22 AM EDT
Panic selling causes log in issues in investing websites
Due to the stock market mayhem Monday, trading websites encountered issues of latency, resulting to its customers not being able to log in to their accounts.
Lloyds and Royal Bank of Scotland takes beating during plunge in stock market; Government seeks privatization
Lloyds and the Royal Bank of Scotland lost almost £3 billion from their value amid the onslaught of the stock market tumult continues to wreak havoc on some of Britain’s banks.
Asian growth plans at risk due to China meltdown
The latest devaluation of Chinese currency Yuan has triggered severe volatility in the foreign exchange (forex) markets. This has led many Asian nations into a dilema and forcing them to not take any major decision on growth plans.
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Apple stock rebounds after Tim Cook's e-mail on China sales
Apple CEO Tim Cook issued a rare statement Monday allaying concerns over its business in China amid a slowdown in the world's second biggest economy. Investors responded positively, sending Apple's shares up sharply after a 13% decline.
Aug 26, 2015 5:05 AM EDT
Uber to invest $1B in India after investing another billion in China
Uber is allocating $1 billion for India to expand its operations in that country and get 1 million rides every day within the next six to nine months.
Aug 26, 2015 3:46 AM EDT
Ex-US Treasury Secretary urges Federal Reserve to not make the 'Serious Error' of Raising Interest Rates
Ex-U.S. Treasury Secretary Larry Summers warns that the fierce sell-off on the global markets might lead to a very serious situation, and that the Federal Reserve’s plan to raise interest rates is a big mistake.
Aug 26, 2015 3:44 AM EDT
Wall Street Experienced a Staggering 1,200 Unprecedented Emergency Freezes
The dramatic selling on Wall Street Monday triggered 1,200 unprecedented emergency halts on the stocks and exchange-traded funds.
Aug 26, 2015 3:39 AM EDT
A Survivor's Guide to the Market Crash: Don't panic
Analysts advise investors not to worry about ongoing market crash as it's only a correction after recording continuous growth of over 200 percent since economic crisis in 2009. The stock markets fell about 10 percent in the latest market downfall.
Aug 26, 2015 1:40 AM EDT
Chipotle to go on hiring spree; 4,000 people new jobs up for grabs on September 9
Chipotle invites talented individuals to become part of their company's success on their National Career Day on September 9 where they will hire 4,000 employees onsite.
Aug 25, 2015 11:27 PM EDT
Foreign trade, medium-sized entrepreneurs, and powerhouses are the key to a healthier UK economy
Since the European Union's economy is getting stronger, reports states that there are three key area that the U.K. government must consider; foreign trade, the mid-sized businesses and the powerhouses.
Aug 25, 2015 10:49 PM EDT
BT Group frustrated over unfair competition from US competitors
BT Group Plc is not happy with the way things are going regarding the competition because they could not get access to the giant telecom companies of Verizon and AT&T's network for a regular price rate causing them to charge customers more to offset the large fees they have to pay in return for carrying data over these wires.
Aug 25, 2015 10:43 PM EDT
Is crowdfunding a safe haven when markets suffer selloff?
The current turmoil across the global stock markets leaving more scope for crowdfunding. many start ups and potential investors are looking positively at crowdfunding option as it's difficult to raise money from the market.
Aug 25, 2015 4:49 AM EDT
Currency carnage melting down London property boom
The fall in emerging economies currencies and rising British pound value are creating hurdles in the London's property markets. the strength of British pound is making London real estate costlier for overseas buyers.
Aug 25, 2015 3:50 AM EDT
New BhS owners are looking for £70M to finance revival
New BhS proprietors are now looking for funds to back their recovery plan for the store chain. Retail Acquisitions, the new owner of department store chain BhS seeks for funding of 70 million pounds several months after buying it.
Aug 25, 2015 3:49 AM EDT
China plans to boost lending to support slowing economy - report
After devaluing its currency, China takes another step to support its slowing economy. The world's second biggest economy is reportedly planning to free up funds for lending by cutting banks' reserve requirements.
Aug 25, 2015 3:47 AM EDT
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