Mastercard introduced a new program, the extension of Apple Pay technology, to turn wearable things like clothes and accessories into payment devices.

Oct 27, 2015 02:16 AM EDT

Amazon faces new competition as Etsy launches new on-demand delivery service called Etsy ASAP, which charges interested customers a $20 charge for same- or next-day delivery.

Oct 27, 2015 02:12 AM EDT

Globo Plc, the greek software company stated that its CEO and CFO have resigned after they admit falsifying financial data at the company. The disclosure was following a report from short seller company Quintessential that made allegation the company lied about its financial position.

Oct 27, 2015 02:03 AM EDT

China, South Korea, and Japan have announced plans to reignite a three-party summit that was halted in 2012 due to lingering animosity towards Japan's part in WWII.

Oct 27, 2015 01:57 AM EDT

Philips announced that the sale of Lumileds to Go Scale Capital in uncertain due to unexpected opposition from US government. The company plans to sell a stake of 80.1% to Go Scale Capital, the China-based equity firm. Philips also announced the third quarter profit that is better than expectations.

Oct 27, 2015 01:36 AM EDT

Duke Energy will acquire Piedmont Natural Gas for $4.9 billion in cash. Both are partners in the $5 billion worth Atlantic Coast Pipeline venture.

Oct 27, 2015 01:33 AM EDT

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 01:28 AM EDT

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.

Oct 27, 2015 01:02 AM EDT

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.

Oct 27, 2015 12:01 AM EDT

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.

Oct 26, 2015 11:45 PM EDT

Last Friday, Uber Technologies have revealed plans of raising $1 billion from a new pool of investors which will make it the most powerful, and most valuable, privately-owned, start-up in the whole world.

Oct 26, 2015 11:34 PM EDT

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 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

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 08:47 PM EDT

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 08:41 PM EDT