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Congress to abolish crude export restrictions, oil refiners to receive $3 a barrel tax break

Forty year old oil export restrictions to be lifted in exchange of tax credit conditions from the Democrats.

Dec 13, 2015 09:45 PM EST


Colombian central bank hints at rate hike

The Colombian central bank is likely to hike interest rate in its meeting on 18 December. The central bank in its previous three meetings raised the interest rate. The Colombina economy is growing at faster rate than any Latin American economy. However, Colombia is still suffering widening gap of current account deficit.

Dec 13, 2015 09:47 PM EST


Jumbo jets may be heading to extinction amid changes in regulations, business dynamics

The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.

Dec 13, 2015 10:11 PM EST


New Zealand May Have a New National Flag

New Zealanders have chosen a design for a new national flag.

Dec 16, 2015 06:09 AM EST


Australia To Fund Wind Power Again; Turnbull Lifts Abbot's Ban

Australian Prime Minister Malcolm Turnbull has lifted former PM Tony Abbott's ban on government investment on wind power.

Dec 14, 2015 05:17 AM EST


BNP Report: Alibaba Can Expand Operations with $38B in 2016

A report from BNP Paribas estimates that Alibaba will have $38 billion to expand their operations next year.

Dec 14, 2015 05:09 AM EST


Designer Paul Smith reorganized his fashion empire after worst performing annual profit

Britain fashion icon Paul Smith reorganized his company after annual profits halved into the lowest levels since its 40-year existence.

Dec 13, 2015 01:43 AM EST


Ted Cruz Campaign collects psychological data from Millions of Facebook users

US Presidential Candidate Ted Cruz collected massive psychological data from unwitting US Facebook users to boost his position in the presidential race.

Dec 13, 2015 09:34 PM EST


Qualcomm requires Three-Year stake holding before nominating for proxy

Qualcomm Inc. changed its proxy rules requiring shareholders to have their stake in the company for at least three years.

Dec 13, 2015 01:19 AM EST


Bloom Lake iron-ore mine in Quebec now has a buyer after suffering massive losses

Champion Iron Ltd. bought Bloom Lake iron ore mine in Quebec for an amount of $10.5 million after the miner crumbled down a year ago for suffering massive losses

Dec 13, 2015 01:14 AM EST


CBS CEO said Apple paused TV subscription making it hard for broadcasting firms to coordinate

CBS Corp. Chief Executive Officer Les Moonves said that Apple put on hold its TV subscription plans.

Dec 13, 2015 01:05 AM EST


Prismatic will shut down its news app for iOS, Android and Web

Prismatic declared that it will no longer be available for iOS, Android, and web news reader products

Dec 15, 2015 03:41 AM EST


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