Result Page 4 for Staff Writer

Articles by Staff Writer

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Greece Recalls Its Ambassador in Austria Over Migrant Dispute

Greece recalled its ambassador from Austria, following Austria's decision to close its border for migrant. While majority of people are not satisfied with government's way in handling economic crisis.

Feb 29, 2016 9:35 AM EST

ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

Feb 29, 2016 9:34 AM EST

Japan Finance Ministry Recruits Fashion Editor to Encourage Women to be More Involved in The Country's Economy

The Japan Finance Ministry is organizing a seminar for women covering the topics on the country’s fiscal policy. Women’s fashion magazine editor-in-chief Hiromi Sogo will serve as one of the six female speakers encouraging women to take a more active role in the country’s economy.

Feb 29, 2016 9:32 AM EST

SpaceX Aborted Its Third Attempt to Launch Falcon 9 Rocket Due to Technical Difficulties After a Delay

SpaceX aborts its third attempt to launch its Falcon 9 rocket, which is designed to land its booster on a platform, making spaceflight more affordable. The abrupt scrub, just seconds before the liftoff, was due to an unexpected delay that caused the fuel to fail.

Feb 29, 2016 9:30 AM EST

Lumber Liquidators Stock Dropped as Cancer Risk Arose

Following CDC announement of the risk of carcinogen in its product, the company's stock plunged since last week. Lumber Liquidators is trying hard to win back trust from customers and investors.

Feb 29, 2016 9:28 AM EST

US economy concludes 2015 on positive note

The US economy recorded better than expected performance during the fourth quarter enabling it to conclude 2015 on positive mode. Surpassing the forecast of 0.7 percent, the US economy grew one percent during September-October quarter in 2015 giving much leverage to the US government to tighten monetary policy.

Feb 29, 2016 9:27 AM EST

Future of Britain outside EU remains uncertain

Britain's exit from the European Union will have a negative impact on the economy of the country, according to officials. The UK prime minister pledges to negotiate a better agreement for the nation in the union.

Feb 29, 2016 9:25 AM EST

Ren Zhiqiang: Latest Victim of China’s Tougher Cyber Laws: Mulls For Further Toughening

China has been widely criticized for strict cyber laws. On Sunday, the communist government has mulled its legislative power to impose ban on accounts of former Chinese tycoon, Ren Zhiqiang. While around 40 Chinese journalists have been confined in jail as victims of tougher cyber laws, the communist government is going to enact further tougher laws on March 10.

Feb 29, 2016 9:24 AM EST

Mobile phone firm Telstra supports external funds to invest in Asia

Telstra is backing up external venture capital funds to seek investments in Asia. The company is focusing more on technology investment in Asia as it experiences a drop in the viability of internet services and phone calls.

Feb 29, 2016 9:22 AM EST

Fintech Startup Will Change Global Finance as Regulators Closely Watch

Year 2015 was dubbed as year of fintech. As financial technology startup companies flourish and gain huge fund. Global regulators are closely monitoring the fintech startups and will propose rules to regulate them.

Feb 29, 2016 9:21 AM EST

Indian tech start-ups seek investment from China

The technology start-ups in India are looking for investments from Chinese companies like Cheetah Mobile. The booming Indian technology sector is attracting many tech companies in China to invest in these Indian techs start-up firms.

Feb 29, 2016 9:19 AM EST

General Electric Mocked Startups, Proclaimed Itself as Tech Company

GE have been trying attract tech workers since last year. In its new Oscars ad, GE mock the startups and proclaim itself as a tech company and an industrial company.

Feb 29, 2016 9:18 AM EST

Gap Announces Fourth Quarter Earnings, Forecasts Decline in Profit During Current Year

Gap Inc. has announced its fourth quarter earnings on Thursday. The clothing retailer has represented a comparative feature with its year ago performances. It has also predicted for weaker earnings during the current year.

Feb 28, 2016 5:51 AM EST

Eskom to Receive Last Payment of 5 Billion Rand Bailout By Next Week

Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.

Feb 28, 2016 5:49 AM EST

Kraft Heinz reports profit in Q4, beats Wall Street view

The Kraft Heinz Company on Thursday reported its fourth-quarter earnings that outstripped analysts' estimate. The company also declared a quarterly dividend of $0.575 per common share.

Feb 28, 2016 5:47 AM EST

Human Regains The Lead In Mercedes-Benz Production Line

Robots are the best performer in repeating predefined tasks while lags behind in adapting with changes. Offering changed features in versatile range of models appear as the trend for recent day’s automobile industry, where human surpasses robots. Following the industry trait, Mercedes-Benz has brought back humans in S-Class production replacing robots.

Feb 28, 2016 5:45 AM EST

Fitch Also Degrades Economic Outlook of Azerbaijan After S&P And Moody’s

S&P and Moody’s have downgraded economic outlook of Azerbaijan during the previous month. On Friday, the other US Stock Exchange Commission recognized rating agency, Fitch Ratings, has also downgraded the outlook. Country’s government and central bank adopted measures have apparently gone in vain to tackle the economic turmoil.

Feb 28, 2016 5:42 AM EST

22 Years After the Apartheid in South Africa: White Squatter Camp

White people were once ruling and oppressive class in South Africa, As government wipe out the apartheid, unskilled white people are ousted and have to live in slums. There are more than 400,000 white people live in poverty.

Feb 28, 2016 5:40 AM EST

Venezuela’s ‘Gold Dream’ May Get Fettered Over Conclusion of Other ICSID Proceedings

Venezuela has announced on Wednesday reaching a $5 billion venturing deal with Gold Reserves. The government is expecting to enrich its ever decaying foreign currency reserve with the fund under agreement. But analysts assume, the government may hardly use the fund since Gold Reserves and several other plaintiffs’ proceedings with ICSID are going to be concluded shortly.

Feb 28, 2016 5:38 AM EST

Alibaba, Tencent Holdings to Fund Didi Kuaidi $1 Billion

Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.

Feb 28, 2016 5:36 AM EST

Hedge Funds Supported China Car Rental eHi

Hedge funds are favoring eHi Car Services Ltd (NASDAQ:EHIC) stocks. Many hedge funds are reportedly increasing their collective stake in the China's car rental company.

Feb 26, 2016 8:48 AM EST

Zoopla sets new record as 58mln homebuyers visits in January 2016

British property website Zoopla has set a new record in attracting more number of visitors to its webpage. About 58 million visits to Zoopla website and app by homebuyers was recorded in January 2016. Zoopla has announced better than forecast results for 2015.

Feb 26, 2016 8:45 AM EST

Google unveils AMP to fasten loading time of news article on mobile devices

Google introduces AMP project to fasten the loading of news articles on mobile screen. Unlike the traditional web pages, AMP pages consume less power.

Feb 26, 2016 8:43 AM EST

Group of Canadian and Kuwaiti Investors Bought The London City Airport for £2 Billion, Raise Concerns Over Possible Airport Charges Raise

The London City Airport has now new owners as a group of investors led by Canadian pension plan acquire the facility for £2 billion. Some expressed a concern over the airport’s plan to expand the service, also over the high price that could cause the new owners to increase airport charges.

Feb 26, 2016 8:40 AM EST

Exxon may face downgrading by Moody's amid bleak oil prices

Exxon Mobil Corp may lose credit rating from Moody's Investors Service. Moody's on Thursday lowered its outlook for Exxon from stable to negative. Exxon is suffering from cash flows in the wake of continuous drop in oil prices.

Feb 26, 2016 8:34 AM EST

UK's Finance Minister pushes G20 against Brexit

UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.

Feb 26, 2016 8:31 AM EST

Singapore's GDP increases 1.8% in Q4, 2015 growth at 2%

Singapore's GDP has increased 1.8 % in the fourth quater in 2015. For the full year of 2015, it has increased 2%.

Feb 26, 2016 8:28 AM EST

New Li-Fi Technology Will Provide Internet At the Speed of Light

LiFi technology, an abbreviation of Light Fidelity transfer data using light from LED bulb. It will enable users to download 23 DVDs in one second

Feb 26, 2016 8:25 AM EST

Natural HR Software Startup Received Early Stage Investment from Midven

The Birmingham-based company focused on developing cloud-based HR software. An area which rarely attracted software startups.

Feb 26, 2016 8:22 AM EST

Oppo Introduces Super Vooc Flash, The Ultra Fast Charging Technology

Oppo has unveiled Super Vooc Flash, the ultra fast charging device, during Barcelona Mobile World Congress. No compatible device has been suggested in the introductory session which indicates the device is still in the prototype stage. The Oppo device is claimed to be superior since it diminishes the risk of overheating and can operate in a lower voltage.

Feb 26, 2016 8:19 AM EST

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