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.
Retail War: Microsoft built its first flagship store near Apple's Cube in Fifth Avenue
Microsoft's first flagship store is launched in Fifth Avenue, New York City, in just few blocks away from Apple's Cube. The store also has similar style with the Apple's.
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Sweden to cut spending, borrows more to accommodate overwhelming refugees
With the multitudes of refugees crossing its boarders, Sweden must have an extra $7 billion in 2016 and $8.2 billion every year until 2019 to accommodate the asylum seekers.
Oct 26, 2015 11:12 PM EDT
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.
Oct 26, 2015 11:01 PM EDT
Saudi Arabia may face cash crunch after 5 years
The Middle East (ME) region also may not sustain cheap oil prices for long. If oil price continues to hover at $50 per barrel, majority of Gulf nations will run out of cash in next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain.
Oct 26, 2015 8:47 PM EDT
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
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
Chipotle has two years of bad sales growth
Non-GMO Chipotle suffers slow sales growth for two consecutive years and investors were not at all happy. It used to have an outstanding sales growth but for some reason, it has now been declining. The non-artificial food restaurant hired Curt Garner, Starbucks former chief information officer, to help reverse the situation.
Oct 26, 2015 7:43 AM EDT
Toyota recalls different Scion models
Car manufacturers had been recalling their cars due to defects and not complying with the Clean Air Act. Toyota is one of the best-selling car manufacturers that need to pull out its vehicles from the market and recall those that had been sold already. These recalled vehicles will be fixed to function normally and for safety.
Oct 26, 2015 7:31 AM EDT
Ethiopian Airlines To Operate New York Flight Route on 2016
Ethiopia's flag carrier, Ethiopia Airlines will launch the New York flight route nex year 2016. The airline also already purchase 20 new Boeing 777 aircraft types to be use for the new destination.
Oct 26, 2015 7:19 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
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