UK Sold Northern Rock Mortgages To US Worth £13bn
The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.
Nov 15, 2015 6:36 AM EST
McDonald's drops realty, focuses on turnaround plan
McDonald's has dropped the plan of spinning off its real estate assets to Real Estate Investment Trust (REIT) and instead it'll focus on turnaround plan. The hamburger chain is also expanding its restarant network on franchise basis. McDonald's is also changing its menu list and process of products to alure more number of diners. It has also increased dividend payout to shareholders.
Major oil firms have biggest war chests for takeovers
The top six oil companies have combined warchest of $0.5 trillion to support takeovers. The world's top six oil companies are ExxonMobil, Chevron, BP Plc, Shell, ConocoPhillips and Total. With lions' share of $320 billion funds, ExxonMobil Corp is leading the list ot top oil comanies with huge liqudity in cash and stock.
Paris-Based Fashion Brands Wants lawsuit to continue against Alibaba
Kaering SA, parent company of brands such as Yves Saint Laurent and Gucci suing Alibaba Group Holding Ltd have asked a U.S. judge to be relieved of the obligation to mediate.
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Bargain buying creates robust US demand for gold
The August market crash and other adverse conditions in the global economy had created robust demand for the yellow metal in the US. Amercians concerned over market mayhem started buying gold bards and coins boosting the demand growth by a whopping 207 percent. during the third quarter. Equity analysts term it as bargain buying of US investors that pushed god demand spriraling up.
Nov 15, 2015 5:28 AM EST
Pound Fell Against Dollar Before Fed Speakers Could Impose Rate Hike
The pound fell for the first time in four days against the dollar amid speculation. The pound fell without precedent for the first time in four days against the dollar amid speculation Federal Reserve authorities speaking Thursday will set the stage for a U.
Nov 15, 2015 4:42 AM EST
US Lifts Economic Sanctions Against Liberia After Decades
The United States lifted economic sanctions against Liberia on Thursday as Prresident Barack Obama cited the country's tremendous progress and committment to democracy.
Nov 15, 2015 3:38 AM EST
Drop in agriculture brings down Hungary economic growth in Q3 below forecast
The Eastern European nation Hungary's economy registered 2.3 percent growth rate during the third quarter and this was less than the forecast of 2.5 percent. The drop in agricultureal output impacted the economy, otherwise it would have been at 3%, according to the Ministry of National Economy.
Nov 14, 2015 10:19 PM EST
Indonesia challenges China's claims on South China Sea claims
Indonesia announced Thursday that its country asked China to clarify and prove its claims on the South China Sea, as it plans to bring the matter to international court.
Nov 13, 2015 8:35 PM EST
Disney CEO to Bring NFL's Raiders and Chargers Back to LA
In a relocation plan to Los Angeles, two NFL team, Oakland Raiders and San Diego Chargers successfully bring Bob Iger, Disney CEO on board the team. Both of them have already created a joint venture Carson Holdings, LLC to manage the $1.7 billion stadium in southern Los Angeles.
Nov 13, 2015 8:53 AM EST
UK unemployment rate down 5.3%; its lowest since April 2008
The UK unemployment rate dropped 5.3 percent in the third quarter, the lowest it has been since April 2008.
Nov 13, 2015 7:52 AM EST
The UN launches ShareTheMeal, an app that lets people donate a meal to refugee children
The United Nations Food Programme recently launched the ShareTheMeal app to help end world hunger by 2030 by allowing people to feed refugee children with just the tap of their fingers.
Nov 13, 2015 7:35 AM EST
Visiting Athens, Greece Landmarks, the Acropolis Hills and Parthenon
Athens, Greece is one of the most travelled destination. What makes it famous is its ancient long and fascinating history and the poular tourists' site, the Acropolis hills and the Parthenon.
Nov 13, 2015 5:47 AM EST
Passionate Horse Race Event, the Palio Di Siena in Siena Italy
The Paio in Siena, Italy is the most important event in the Italian city. It is a horse race event honoring the holy images of Madonna of Provenzano.
Nov 13, 2015 5:41 AM EST
Israel Tourism Minister Plans to Increase Hotel rooms In Order to Cut the Hotel Rooms Price
The Israel's Tourism Minister and the Finance Minister announced to add more Hotel rooms. By increasing it, the price of the hotel rooms will be lowered. Kohlon, the Finanace Minister explains, it is to benefit the less income people bot the wealthy.
Nov 13, 2015 5:36 AM EST
New Passenger Rail Transport Train to launch in Florida's Cities, Miami and Orlando in 2017
Florida will have new passenger trians in 2017 on its major cities, Miami and Orlando. Develop by rhe All Aboard Florida, the train service will be named Brightline.
Nov 13, 2015 5:27 AM EST
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