Mexico's Pemex enters the US market
Mexican petroleum major Pemex has opened its first overseas gasoline station in Houston. Pemex will set up five more gasoline stations in the US as part of its expansion plan. The Mexican energy giant is suffering from oil price drop in addition to lower production level. The Mexcian government has opened up its energy sector by allowing foreign companies to set up gasoline stations in Mexico.
Dec 07, 2015 1:59 AM EST
Barclays banking on India Post Service for expansion
Barclays Plc is keen on working with India Post to spread its services across the country. The Department of Post is among 17 firms that have been approved to set up Payment Banks in India. The huge infrastructure and Common Service Centres of India Post are attracting many global and domestic banking giants.
Volkswagen sales skid 20% in UK, 25% in US
Since the broke out of emissions scandal, Volkswagen has been suffering from sluggish sales volume. The sales of German auto major fell 20% in the UK and 25% in the US during November, while it managed to sustan in its home market as sales dip marginally by three percent.
Banana Republic sales continue to slump
Banana Republic, a brand of Gap Inc, has been suffeirng sluggish sales for the past seven months. it fell 15 percent in November. Gap Inc is witnessing declining sales across its 3,700 stores. Banana Republic is in the process fo redesing product range to win the hearts of buyers.
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Canada gets crude oil from Enbridge Line 9B
The oil produced in western Canada has turned out to be cheaper than imports. This situation is driving oil refineries in eastern Canada to get crude oil from western Canada. Enbridge's Line 9B, a newly reversed pipeline started pumping oil to eastern Canadian refinery.
Dec 07, 2015 1:42 AM EST
Swatch collaboration with Visa for its new "pay-by-the-wrist" watch
Swatch partners with VISA for easy payment through 'pay-by-the-wrist' watch. This gadget with great feature is currently available in Switzerland, U.S., and Brazil.
Dec 06, 2015 10:26 PM EST
OPEC overwhelmed by COP21, Oil Supply, Emerging Market growth decline
The biggest problem that OPEC has to face is the threat of COP21’s hydrocarbon assets, the structural trends in oil supply, and the Chinese economic slowdown, which seem to have also slowed emerging markets’ growth.
Dec 06, 2015 3:51 AM EST
Some Hoverboard Explosions Raise Safety Concern
The hottest toy in 2015 is a hoverboard. However, recent incidents of explosion arise safety concern.
Dec 04, 2015 9:38 AM EST
The Shining Star Wars Droid BB-8: Studded With Diamonds and 18-Karat Gold
The Star War BB-8 droid is immortalized in gold and silver by Kay Jewellers. It is said to have collaborated with the Disney Consumer Products.
Dec 04, 2015 9:12 AM EST
McDonald’s Yummy Launch: French Fries Loaded with Extra Toppings of Salsa, Bacon and Guacamole
McDonald’s introduce two new flavored sauces to be served with French Fries. The bacon and cheese version and the guacamole and salsa version are the two toppings for the season.
Dec 04, 2015 8:56 AM EST
Soda Drinks Removed from the Children’s Menu of Applebees and IHOP
Applebees and IHOP, top food chains drop the soft drink from their menu for children. This is a conscious step for the good health of the children.
Dec 04, 2015 8:44 AM EST
Moschino’s Merger with Nintendo Will Unveil The Super Moschino Collection on 5th December 2015
The Nintendo collaborated with Moschino to create the Super Moschino collection to celebrate the 30 years of the Super Mario Series. It will include items with the images of the beloved Nintendo characters.
Dec 04, 2015 8:38 AM EST
Asian stocks reel under pressure ahead of Fed meeting
Asian stocks fell further after hovering at three-week lows amid weaker oil prices. The statements from the US Federal Reserve and European Central Bank (ECB) further worsened the situation., The ECB reduced deposit rates and this discouraged the market. The forthcoming jobs data and inflation numbers will set the tone for US Fed, which will meet in December to take a decision on interest rate hike.
Dec 04, 2015 4:13 AM EST
Chinese regulator defends its intervention in securities market
China Securities Regulatory Commission (CSRC) has defended its interventions in the market as it prevented further volatility after the August crash. The intervention was justified as foresight on the part of Chineses officials to prevent a possible market crash.
Dec 04, 2015 4:04 AM EST
Opec members lock horns over who should cut down production
The latest meeting of OPEC in Vienna concluded without any decision on the production level. Saudi Arabia is believed to have proposed production cuts if non-OPEC nations join them. OPEC members are also discussing on who should cut the production. There's no conclusion after the one hour-long meeting.
Dec 04, 2015 2:45 AM EST
American CEOs: US economy remains gloomy, tax code uncompetitive
A majority of chief executives expressed their concerns over the US economy and not willing to spend more in 2016. They said US tax code is not competitive and driving many companies to leave the US as they prefer tax havens.
Dec 04, 2015 2:37 AM EST
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