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Japan, US rule out re-opening of trade pact

The US and Japan administrations have ruled out any possibility of re-negotiating the just-concluded TPP pact among 12 nations. It took over five years to make the TPP deal and at this stage it's not possible to re-open the trade negotiations.

Nov 11, 2015 2:03 AM EST


EIA cuts 2016 production forecast for US

The US Energy Information Administration (EIA) has cut crude production outlook by one percent for 2016. The oil price fall has also reduced shale drilling activity by over 50 percent in the US. The rise in wages and drop in unemployment rate and gasoline price are creating more demand in the US economy.

Nov 11, 2015 1:48 AM EST


Volkswagen facing ire of dealers, lags behind peers in auto sales

Reeling under severe pressure following its emission scandal, Volkswagen is facing sluggish sales, to the ire of dealers. About 650 dealers are stuck with business as Volkswagen sales dropped globally.

Nov 11, 2015 12:28 AM EST


GE and Alstom get $5.6 billion deals to build India railways

General Electric and French firm Alstom get the huge deals for India railways worth as much as $5.6 billion. The companies won the contracts against Bombardier and Siemens.

Nov 10, 2015 10:54 PM EST


The 2016 Great American Beer Festival in Denver Highlights

American Beer lovers will once again experience the taste of beer collection from all over the country on the next Great American Beer Festival in Denver in 2016. The next Great American Beer Festival will take place in September 2016.

Nov 10, 2015 5:39 AM EST


Turkey's Best Restaurant for Kebab Lovers

Turkey has the best place serving the finest and delicious kebab dish. Check out this list of Kebab restaurants highly recommended for tourists.

Nov 10, 2015 5:35 AM EST


New York and Milan City Team up to Promote Each Other as a City to City Travel Destination

The Tourism Agencies of New York City and Italian city of Milan are in partnership to invite tourists to travel between the cities. The collaboration will also benefit each other as the two will have reciprocal multimedia marketing exchange.

Nov 10, 2015 5:18 AM EST


Markets upbeat on Monte Paschi bank's higher capital

The common equity tier-I ratio of Italian bank Banca Monte dei Paschi di Siena SpA rose to 11.7 percent from 10.7 percent. The derivatives transaction with Nomura Holdings was the prime reason for surge in bank's capital.

Nov 10, 2015 2:53 AM EST


Boeing, Tata team up to make Apache fuselages in India

Boeing and Tata group firm forged an alliance by setting up a joint venture (JV) for manufacturing fuselages for AH-64 Apache attack helicopters in India. The growth potential in Indian aviation sector is attracting global majors. The JV will set up center of excellence (CoE) and initially make aero structures for AH-64 helicotpers.

Nov 10, 2015 12:37 AM EST


The new accurate way to measure the world’s wealthiest countries

New World Wealth reported the lists of wealthiest countries in the world using its new method which is said to be more accurate than commonly used GDP method.

Nov 10, 2015 12:35 AM EST


Recovery in Greek economy likely in 2016; 2.7% GDP growth in 2017

Crisis-hit Greece economy is expected to witness recovery next year and a possible GDP growth rate of 2.7% in 2017, according to the latest report from IMF.

Nov 10, 2015 12:30 AM EST


Euro Group Meeting And Agreement To Fund Greece

France wants euro zone finance ministers to reach an agreement on non-performing loans at Greek banks at a meeting in Brussels later this Monday.

Nov 09, 2015 10:46 PM EST