12 countries including the US, Australia, Japan, New Zealand seem to have reached an agreement on Trans Pacific Partnership (TPP) after the prolonged negotiations over five years. It's learnt that agreeing on monopoly on new heathcare drugs is a major breakthrough in arriving the deal. Australis inistited on five year protection on new healthcare drugs, while the US is keen on longer term of monopoly. Sources say that they arrived on a balancing act by adopting a two-way track in drug pricing mechanism.

Oct 05, 2015 09:29 PM EDT

A senior Chinese official in an official magazine China Finance suggest the Chinese government to impose punitive leve or Tobin tax on forex transactions in Yuan. This suggestion has been made to reduce trading in the Chinese currency thus arresting the fall in forex reserves. Chinese government is offloading huge amounts of US dollars to supprt the falling Yuan ever since its devaluation on 11 August.

Oct 05, 2015 07:10 PM EDT

The International Association of Insurance Supervisors had agreed to introduce new regulation for insurance company. The regulation will see major insurance companies need to increase their average capital to almost 10 percent.

Oct 05, 2015 08:38 AM EDT

The people-rating app, Peeple, is about to be launched in November 1. But a lot of people wanted to halt its launching because they found it damaging to people's privacy.

Oct 05, 2015 04:36 AM EDT

Brian White, an analyst at Drexel Hamilton, has set a price target of $200 for Apple stock in his latest initiation report. This is considered to be more aggressive when compared with market projections.

Oct 05, 2015 04:33 AM EDT

The newest in Facebook is already here and is taking UK and California by storm. If you are already bored with your old profile picture, just delete it and replace it with a profile video.

Oct 05, 2015 04:29 AM EDT

Who would not love a steaming hot coffee partnered with donuts in the morning? Surely everyone knows and loves Dunkin’ Donuts. Unfortunately, it has to close 100 of its U.S. stores due to collapsing shares.

Oct 05, 2015 02:37 AM EDT

Dubai-based Emirates Airlines is banking on wide-body aircraft for long-haul flight operations enabling it to become a global hub in the Middle East Region. Emirates is the world's biggest operator of Boeing 777 and Airbus A380 aircraft. The total aircraft fleet of Emirates includes 50 Airbus A380s and 100 Boeing 777 aircraft, which are playing a vital role in the success of the Dubai-based airline.

Oct 05, 2015 02:27 AM EDT

Rolls-Royce is expected to cut around 400 jobs in its Scandinavian marine division. The company is expected to cut jobs in the management sector only.

Oct 05, 2015 02:12 AM EDT

HP will be separated into two firms, the Hewlet Packard Enterprise and HP Inc. Prior to the reorganization, the company is set to cut 30, 000 jobs.

Oct 04, 2015 10:12 PM EDT

Being financial literate is important for entrepreneurs as it will either make or bend the business. Hence, it is a wise idea for entrepreneurs to create a financial checklist to ensure that they are not missing on anything that could cause a financial drawback.

Oct 04, 2015 10:06 PM EDT

European Competition Commissioner (ECC) Margrethe Vestager has become a target of the US media for ongoing cases against Google, Apple, Amazon and Starbucks. European antitrust chief Vestager clarifies that there's no role of nationality of companies in antitrust cases. Not only Amercian companies, but also several frims from different nations are facing charges in anticompetition, cartelling cases, etc.

Oct 04, 2015 10:03 PM EDT

Air France will cut nearly 3,000 jobs starting Monday. Reports say this is due to the airline's proposal that was rejected by the pilot unions.

Oct 04, 2015 09:55 PM EDT

Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.

Oct 04, 2015 09:34 PM EDT

Amazon will no longer sell Apple TV and Google Chromecast by the end of the month. While the online retailer says it is meant to avoid customer confusion, analysts see it as an attempt to favor its own products.

Oct 04, 2015 09:08 PM EDT