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News

Sunac' ratings unchanged: Moody's

After the strategic partnership with Yurun, there wouldn't be immediate change in Sunac China Holding's ratings, according to rating agency Moody's. Investors of Sunac reacted negatively pushing share price down, while shares of Yurun posted encouraging rise. Sunac's CEO Sun Hongbin stepped down, but will remain as Chairman of the group.

Sep 10, 2015 7:25 AM EDT

News

Fiat Chrysler Jeep Renegades recalled due to software glitch

Thousands of Jeep Renegades had been recalled by Fiat Chrysler due to the possible attacks on drivers which can be done remotely. This imposes great danger to the driver's safety, not only meeting an accident but also forcibly getting his car by unsuspecting attackers.

News

Better earnings for Apple-associated EMIS Group

Since EMIS Group partnered it Apple, its revenues became higher. Patients are better served and could monitor their every health aspects on their own.

News

Versa Cars Recalled by Nissan

Nissan announced the recall of its Nissan Versa Sedans and Versa Notes due to complaints from its car owners. Federal Regulator demanded the motor company to do something good with the said cars or be liable for fines.

Investors withdraw from US Oil Fund amid rising volatility

The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.

Sep 10, 2015 7:01 AM EDT

Uber Plans Expansion to 100 Cities in China and Take on Biggest Chinese Rival

Uber plans to expand to 100 more cities in China when it raised $1.2 billion to contest China’s number one taxi-hailing company Didi Kuaidi.

Sep 10, 2015 6:35 AM EDT

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

Sep 10, 2015 5:46 AM EDT

Facebook Business Page gets a Mobile Friendly Update

Facebook announced on Tuesday that the new update will allow businesses to make full use of the platform to engage with their customers.

Sep 10, 2015 5:16 AM EDT

Chinese leaders concern over state of economy

For the first time ever since Chinese economy started slowing down, the country's leaders expressed concerns over the current situation in the domestic market. China President Xi Jinping called the economy slowdown as 'The New Normal.

Sep 10, 2015 4:53 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

Glencore scraps dividend, to sell equity, assets to bring down debt to $10bn

Switzerland-based commodities giant Glencore has taken up several measures to reduct its debt burden to $10bn level. The company has decided to scrap final and interim dividends in addition to selling a part of equity and other assets to raise funds.

Sep 10, 2015 3:01 AM EDT

Japan's Abe may focus on regulatory reforms

Shinzo Abe's coming back to power as Prime Minister of Japan for a second term raising many questions about the reforms in the world's third largest economy. Economists predict that Abe would focus on more regulatory reforms in labor market.

Sep 10, 2015 2:49 AM EDT

Macy's To Close 40 Underperforming Stores To Focus on Ecommerce

Macy’s Inc plans to close 40 physical stores and focus on eCommerce operations. Macy's Inc recently announced its plans of closing 35 to 40 underperforming stores to focus its operation on online shopping.

Sep 10, 2015 1:49 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

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