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Google Life Sciences is now Verily

Alphabet has renamed its Google Life Sciences division to "Verily". The company spun off from Google in August within Alphabet. It will continue Google Life Sciences' projects on disease prevention and health.

Dec 08, 2015 5:07 AM EST


US consumer credit growth below forecast in October

The consumer spending slowed down in October. The latest data from the US Federal Reserve indicated the cautious approach of American consumers ahead of major shopping season in the country. The consumer spending rose $15.98 billion to $3.5 trillion in October as against $38.5 billion growth registered in September. The auto and student loans propelled the consumer growth in October.

Dec 08, 2015 5:04 AM EST


Chile inflation drop puts pressure for rate hike

Chile's central bank is expected to hike interest rate this month or January 2016. inflation rate dropped into the expected range for the first time in 20 months. However, the core inflation remains at high level. The slump in currency Peso is also impacting the inflation rate.

Dec 07, 2015 9:41 PM EST


46% of Americans are not loyal to their banks, finds survey

A latest survey highlights that majority of Americans are loyal to one bank, while 46.1% have two or more bank accounts. Women deal with fewer banks and men tend to do multiple banking, according to survey by GoBankingRates. Majority Americans keep less than $1,000 in their savings accounts.

Dec 07, 2015 9:37 PM EST


China's budget airline spread wings to cover more routes

The cost-cutting measures at corporate companies are creating more demand for budget airlines in China. A majority of business travellers are also preferring to fly by budget carriers. The four budget airlines are making profits in Chinese domestic aviation. The budget airlines account for seven percent of China's domestic air travel and is expected to grow over 100 percent in next five years.

Dec 07, 2015 9:31 PM EST


Ferrovial offers broadspectrum A$715M in Cash

Ferrovial SA offered A$715 million for Broadspectrum Ltd., almost a year after the company rejected its previous bid. However, lots of investors are unhappy with the new offer as it presents an opportunistic bid.

Dec 07, 2015 9:27 PM EST


A long-stretched financial winter looms over Hong Kong

Hong Kong's financial hub has slipped into pressure following the continuous economy slowdown in China and concerns about possible interest rate hike by US Federal Reserve. The GDP of Hong Kong's financial center is expected slip over two percent. The latest probe by Chinese authorities into financial markets is also creating tremors among hedge funds, fund managers, brokerage firms and banks.

Dec 07, 2015 9:24 PM EST


Relieved Northern China: Free from the Deadly Smog after Five Days

Interestingly, just when China took a pledge to fight with global warming in Paris meet, Northern part of China is covered with deadly smog. Chinese people got some relief after a strong winter wind helped to clear out the haze after five days.

Dec 07, 2015 8:13 AM EST


Delhi Pollution- If the Air is being Shared, Why Isn’t the Responsibility?

To combat with Delhi pollution, people need to be responsible first. Beijing, the closest competitor of Delhi in air pollution introduced odd-even number vehicle restrictions way back 2008 Olympics. This measure can be implemented on an immediate basis without any expense.

Dec 07, 2015 7:19 AM EST


Generic Drug Sale widens in Japan as Takeda and Teva join hands

Teva pharmaceuticals which is said to be the world's largest generic drug maker has joined hands with Takeda Pharmaceutical Co, for a definitive agreement to sell generic drugs in Japan.

Dec 07, 2015 6:54 AM EST


Iron ore below $40 as China's reserves at 7-month high

The China's economy slowdown and concerns about possible interest rate hike by US Federal Reserve are impacting iron ore prices, which are hovering at $40 per metric ton. Adding to this, the increased supplies from global majors are further putting pressure on iron ore prices. The sluggish Chinese steel industry has also become a cause of concern.

Dec 07, 2015 4:17 AM EST


Volkswagen hold talks with investors in Qatar following emission scandal

Volkswagen's CEO, chairman, and top shareholders held talks in Qatar to discuss the company's emissions tests scandal and Volkswagen's new structure and future business focus. The Qatar investor was calling for changes in the Volkswagen management following the emissions scandal that has cost the shareholders billions.

Dec 07, 2015 2:10 AM EST