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Japan stocks rise on steady US futures

The Japanese stocks gained marginally on stable US equity-index futures in the first session of the last trading week of 2015. Ending its longest run of weekly losses in the past two years, the Topix index also moved up. Samsung Group stocks weighed on South Korea's Kospi index pulling it lower.

Dec 29, 2015 8:23 AM EST

News

Oil price slid below $37; fell over 11% this month

Oil price again fell below $37 per barrel and is trading 11 percent lower in December. The slump in Chinese demand and oversupply situation in the global oil market are keeping pressure on oil prices. The shale production in the US is easing off in the wake of continuous drop in oil price.

News

Colombia Claim Spanish Treasure Ship Sunk in 1708

San Jose, the jewel of Spanish crown sunk in 1708 in Colombia coast. After years of claim with American group, Colombia recently announced that it has found the shipwreck last month.

News

Russia Says Saudi Arabia Destabilized Oil Market

Continuous plunge of oil price has created an unrest in oil production countries. Russia says the act of Saudi Arabia in increasing its production to flood the market is the main cause of oil price turmoil.

Texas Cuts Funding for F1 Racing, But FIA Wants More Race in U.S.

Texas governor cut the funding to Formula One race in its state. On the other hand, the Formula One governing body wishes to have more race in U.S.

Dec 28, 2015 10:02 PM EST

Wrong Direction: Malaysian Airlines flight took a detour

Malaysian Airlines flight from Auckland to Kuala Lumpur flew in a slight detour during their christmas day flight. No accident occur during the event as the pilot managed to inform the ground control and stay under the radar all the time.

Dec 28, 2015 9:26 PM EST

Iran exports news halts 3-week run of price rise for oil

The trouble-hit Iran has reiterated that it'll take the exports to the pre-sanctions level after the sanctions are lifted. This has curbed the three-week streak of oil price rise. The oil price rose encouraging for the first time since April.

Dec 28, 2015 9:21 PM EST

Afghanistan is Still The World's Largest Opium and Heroin Producer

Afghanistan is still the largest producer of opium in the world. Area where Taliban has a strong presence has been the main supplier for the world's opium.

Dec 28, 2015 4:14 AM EST

China passes new controversial anti-terrorism law

China’s legislature passed a controversial new anti-terrorism law that allow the government to request for sensitive information from technology firms. Among the information that could be requested includes encryption keys for individual data.

Dec 28, 2015 4:03 AM EST

Mexico's Pemex to slash down jobs in 2016

Mexico state-run oil major Petroleos Mexicanos (Pemex) may reduce jobs in 2016 as part of its restructuring plan. The company is keen on making partnerships along the production chain. Pemex may tap private capital for funding the business strengthening operations.

Dec 26, 2015 8:19 PM EST

JPMorgan alerts Japan Inc to brace up for ¥100/USD

The latest forecast form JPMorgan Chase & Co has alerted the Japanese industry to be ready for the rising Yen to ¥100/USD in 2016 from the current 121. However, it also said that the surge in currency value may not harm drastically. Contrary to this, another survey carried out by Nikkei Research for Reuters indicated yen would fall to 130 per dollar.

Dec 26, 2015 8:17 PM EST

Westinghouse is nearing a nuclear deal with India

Westinghouse Electric Co. expects to reach a deal with India by the end of next year to provide at least six nuclear reactors. The company is expected to build around 60 new nuclear reactors in the country.

Dec 26, 2015 8:11 PM EST

Starbucks upbeat on record gift card sales on Christmas Eve

American coffee chain Starbucks is bullish on gift card sales this Christmas Eve. It sold 2.5 million gift cards last year. Starbucks has associated with Swarovski for selling $200 gift cards including $50 worth coffee that have been encrusted with crystals.

Dec 26, 2015 8:08 PM EST

The new Airbus A350 XWB jet is designed to beat jetlag

Airbus has created a new aircraft that is designed to eliminate jetlag. The plane, A350 XWB, arrived in the U.S. last week.

Dec 26, 2015 7:47 PM EST

Qatar National Bank announced to buy Turkey's Finansbank for $2.95 Billion

Qatar National Bank signed an agreement with the National Bank of Greece to buy 99.81 percent stake in Turkey's Finansbank for 2.7 billion euros. Previously in 2006, National Bank of Greece purchased Finansbank worth $5 billion, which was Turkey's biggest-ever banking deal. The closing of the transaction was approved by the board of directors of both banks and the General Council of the Hellenic Financial Stability Fund.

Dec 24, 2015 5:31 AM EST