World


Latest News


Kroton Agrees to sell Uniasselvi for $280mn

Adhering to the rules imposed by Brazilian antitrust regulator, Kroton Educational SA is selling one of its universities, Uniasselvi, for $280 million to Vinci Capital Gestora de Recursos and Carlyle Group.

Oct 29, 2015 2:30 AM EDT


Loveland Ski Area To Open its 2015-2016 Winter Ski Season on Thursday

Loveland Ski area announce on Monday that they are going to open their 2015-2016 Winter ski season on Thursday, October 29th. Last year, the ski area has opened their business for skiers and riders last November.

Oct 29, 2015 2:24 AM EDT


Slovenia to Hire Private Security Firms to Assist Police and Armies in Managing Migrants

As more migrants are storming the border, Slovenia prepares to hire private security firms to help police and armies controlling migrants trying to enter Northern European countries.

Oct 29, 2015 1:49 AM EDT


U.S. Congress to push for new debt limit

The US congress is in session to finalize a new budget deal as the government money is running low. The new debt limit has been the center of discussion as current House Speaker, John Boehner is planning to solve the issue before his retirement.

Oct 28, 2015 1:21 AM EDT


Transatlantic Cruises set to Sail on 2016 and its peak Seasons

Transatlantic cruises started many years ago and as of now, cruise line companies have organize their best schedule for the best Atlantic crossing experience. Here are some of the list scheduled to sail next year, 2016 and the peak seasons for cruising.

Oct 28, 2015 1:11 AM EDT


Indonesia Deregulates Policy to Entice American Investor in the E-Commerce Sector

Indonesian President Jokowi will visit U.S next week and in his series of meetings he will also meet chief executives from high profile technology companies to invest in Indonesian e-Commerce sector.

Oct 27, 2015 9:52 PM EDT


Brazil analysts expect faster Inflation, interest rate calls for 2016

Brazil analysts see faster inflation and less cuts in the base interest rate for 2016. A central bank survey conducted on 100 analysts on October 23 shows that Brazil's Selic rate is projected to be 13 percent by the end of 2016.

Oct 27, 2015 8:58 PM EDT


Yen against euro may soar further in price swings

Anticipating that Yen would further strengthen against the euro following investors' betting on lower interest rates, the Japane's currency may further rise in price swings. Yen against the euro rose eight percent this year. Bank of Japan is likely to be under pressure to keep interest rate at lower level following the cues from ECB.

Oct 27, 2015 1:28 AM EDT


Sweden to cut spending, borrows more to accommodate overwhelming refugees

With the multitudes of refugees crossing its boarders, Sweden must have an extra $7 billion in 2016 and $8.2 billion every year until 2019 to accommodate the asylum seekers.

Oct 26, 2015 11:12 PM EDT


Saudi Arabia may face cash crunch after 5 years

The Middle East (ME) region also may not sustain cheap oil prices for long. If oil price continues to hover at $50 per barrel, majority of Gulf nations will run out of cash in next five years, according to International Monetary Fund (IMF). There's no exception to Saudi Arabia, the leader of Organization of Petroleum Exporting Countries (Opec), Oman and Bahrain.

Oct 26, 2015 8:47 PM EDT


Oil prices under pressure amid weaker demand outlook

Crude oil prices continued to trade in low range amid sagging demand and its bleak outlook for remaining part of 2015. The oversupply position is also impacting the oil price in a negative way. Speculators are withdrawing from their previous bets on rising prices. The front-month US crude futures were trading at $44.65 per barrel 12 percent lower than the peak level in October.

Oct 26, 2015 8:34 PM EDT


BP and Shell Lost Billions of Profits Due To Oil Exploration Failure

BP and Shell were battered losing billions of profits because of oil price plunge and unsuccessful oil exploration. Contributing to the loss is the drop in China's demand for oil and Saudi Arabia's restraint on the oil production.

Oct 26, 2015 8:09 AM EDT