Oils Prices Rallied, But Recovery Still To Take Longer
Oil Prices increased Wednesday, but Shell is not expecting recovery any time soon. Lower inventories and oil production in US petroleum supply caused a spike on oil prices Wednesday, but giant oil company Shell admitted it will still take longer before any recovery.
Sep 17, 2015 9:18 AM EDT
Jaguar Land Rover: Bond cars for 'Spectre 007'
On October, Bond fans will soon see their hero in cinemas again chasing villians in a hybrid supercar. Jaguar Land Rover provided the cars for the new Bond film 'Spectre' that will surely amaze the one driving it and the audiences as well.
Alibaba investors losing confidence as company's shares go below debut price
Alibaba is in big trouble as Investors lose confidence over the continuing decline of shares cased by the slow consumer spending brought by the Chinese economic meltdown.
Sprint's bonds tumble as Moody's downgrades US wireless major
The US wireless major Sprint backed bonds tumbled in the market following the downgrade by Moody's, which sees increasing burdeng of debt maturities, brutal competitions and lack of operational stability for the third largest US wireless company.
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Sony's Project Morpheus is now officially PlayStation VR
Sony announced the change of name their game device from Project Morpheus to PlayStation VR as it enables players to feel like they are physically inside the game's virtual world.
Sep 17, 2015 8:23 AM EDT
Puerto Rico's rescue plan draws flak
The five-year restructuring plan proposed for ailing Caribbean islan Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists argue that the debt plan overstated the financial requirements of the island.
Sep 17, 2015 8:04 AM EDT
Brazilian PE firm 3G Capital eyes SAB Miller
Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev of 3G Capital is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.
Sep 17, 2015 7:52 AM EDT
Qualcomm introduces Quick Charge 3.0; it could charge phones from 0 to 80% in 35 minutes
Qualcomm unveiled Quick Charge 3.0. It will be featured along with Snapdragon processors in 2016. It is a fast charger that would power up smart phones from 0 to 80% in just 35 minutes.
Sep 17, 2015 7:30 AM EDT
At near zero inflation, ECB may expand QE program
European Central Bank may expand quantitative easing program as the inflation is hovering at near zero level of 01. percent for August. ECB Vice-President also indicated that QE program may be widened further.
Sep 16, 2015 9:43 PM EDT
Rise in low-income jobs makes the job easier for Fed in rate hike
The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in labor market in low-income jobs is giving much needed support to the US Fed.
Sep 16, 2015 9:29 PM EDT
Dollar-starved Venezuelan telecoms turn weaker
Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise tariff.
Sep 16, 2015 9:22 PM EDT
The China slowdown to last for another 2-3 years, predict realtors
The china's economy slowdown is likely to continue for next three years, predict real-estate developers. The robust growth has led cities to emerge as major infrastructure built up ones. There's opportunity in smaller cities though they can't offer the kind of growth witnessed in cities like Beijing and Shanghai.
Sep 16, 2015 9:13 PM EDT
Obama to host China's president on September 25
President Barack Obama is hosting his Chinese counterpart Xi Jinping, who will be in the US next week for an official state visit. Apart from strengthening economic ties, the two leaders are going to address thorny issues, including recent cyber attacks as well as China's controversial maritime claims.
Sep 16, 2015 11:29 AM EDT
Mark Zuckerberg announced an 'empathy' button soon on Facebook
Facebook CEO, Mark Zuckerberg, announced on Townhall question and answer session that he's working on a new button that would express empathy over sad posts.
Sep 16, 2015 11:29 AM EDT
Boeing KC-46A first flight is on Sept.25 according to U.S. Air Force
After a month-long delay in flight due to chemical mix up, the Boeing KC-46A will take its first flight on Sept. 25, as announced by U.S. Air Force. The aircraft tanker will refuel other aircrafts while on flight.
Sep 16, 2015 11:11 AM EDT
GE Digital aims to be among global top-10 by 2020
Global industrial giant GE has set up a new unit 'GE Digital' to take on Industrial Internet of Things. GE aims to transform the new unit to be among global top-10 by 2020. The new unit will integrate software center, knowledge of its global IT teams and industrial security expertise of Wurldtech.
Sep 16, 2015 11:08 AM EDT
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