US consumer prices drop, complicating Fed rate hike decision
A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.
Sep 17, 2015 11:09 PM EDT
Jaguar Land Rover: Bond cars for 'Spectre 007'
On October, Bond fans will soon see their hero in cinemas again chasing villians in a hybrid supercar. Jaguar Land Rover provided the cars for the new Bond film 'Spectre' that will surely amaze the one driving it and the audiences as well.
Puerto Rico's rescue plan draws flak
The five-year restructuring plan proposed for ailing Caribbean islan Puerto Rico has become a center of criticism from economists, who question that who shall benefit from this debt deal. Economists argue that the debt plan overstated the financial requirements of the island.
Brazilian PE firm 3G Capital eyes SAB Miller
Brazilian private equity (PE) major 3G Capital is mulling over a possible buyout of SAB Miller, maker of Miller. Paving way for a major consolidation in the beer industry as the world's largest brewer AnheuserBusch InBev of 3G Capital is bidding for SAB Miller, the second largest brewer. If the deal is successful, it'll be one of the top-6 global corporate takeovers in the history.
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At near zero inflation, ECB may expand QE program
European Central Bank may expand quantitative easing program as the inflation is hovering at near zero level of 01. percent for August. ECB Vice-President also indicated that QE program may be widened further.
Sep 16, 2015 9:43 PM EDT
Rise in low-income jobs makes the job easier for Fed in rate hike
The market analysts, economists say that current situation is favoring the US Fed to take a decision on interest rate hike. The improvement in labor market in low-income jobs is giving much needed support to the US Fed.
Sep 16, 2015 9:29 PM EDT
Dollar-starved Venezuelan telecoms turn weaker
Venezuelan telecom sector is reeling under pressure as it lacks additional funds availability, physical currency of dollars. The cash-strapped telecom companies are unable to strengthen their networks. The soaring inflation doesn't allow them to raise tariff.
Sep 16, 2015 9:22 PM EDT
The China slowdown to last for another 2-3 years, predict realtors
The china's economy slowdown is likely to continue for next three years, predict real-estate developers. The robust growth has led cities to emerge as major infrastructure built up ones. There's opportunity in smaller cities though they can't offer the kind of growth witnessed in cities like Beijing and Shanghai.
Sep 16, 2015 9:13 PM EDT
Obama to host China's president on September 25
President Barack Obama is hosting his Chinese counterpart Xi Jinping, who will be in the US next week for an official state visit. Apart from strengthening economic ties, the two leaders are going to address thorny issues, including recent cyber attacks as well as China's controversial maritime claims.
Sep 16, 2015 11:29 AM EDT
N series reflects Hyundai's years of World Rally Championship car racing and testing
Hyundai introduces N sub brands among its newest vehicles at the Frankfurt International Motor Show 2015. Hyundai said the new series is the result of their participation in WRC for years. The N 2025 Vision Gran Turismo were highlighted It was exclusively designed for PS3.
Sep 16, 2015 11:09 AM EDT
GE Digital aims to be among global top-10 by 2020
Global industrial giant GE has set up a new unit 'GE Digital' to take on Industrial Internet of Things. GE aims to transform the new unit to be among global top-10 by 2020. The new unit will integrate software center, knowledge of its global IT teams and industrial security expertise of Wurldtech.
Sep 16, 2015 11:08 AM EDT
Iran's supreme leader a winner from nuclear deal
Ayatollah Ali Khamenei will benefit the most from the latest nuclear deal as the conglomerate own most of the business in Iran. The conglomerate also own some of the business run by Iranian overseas through force measure.
Sep 16, 2015 9:37 AM EDT
No Drones on Papal Visit or Be Charged: FAA
The FAA and other security agencies are appealing to people, local or visitors not to bring drones during the papal visits for security measures. There has been a plot to the holy man's life by a minor brainwashed by the terrorist group ISIL prompting officials and securities restrictions on all actions regarding the safety of Pope Francis.
Sep 16, 2015 9:09 AM EDT
Fiat Chrysler CEO skips auto show, continues talks with UAW
Sergio Marchionne, Chief Executive of Fiat Chrysler Automobiles (FCA), has decided to drop his participation in the Frankfurt auto show as FCA is leading the labor talks with United Auto Workers (UAW).
Sep 15, 2015 10:09 AM EDT
Kuwait's Zain telecom giant dials in margin push investment
Kuwait telecom major Zain has decided to invest in technology firms that add valued to its services. The telecom company is focusing on online ads, smart city projects, and television services. It has decided to repackage its data services to enhance revenues.
Sep 15, 2015 10:06 AM EDT
Is Jeb Bush really anti-Wall Street?
Jeb Bush, the Republican contender for US President position, is for lower tax rates, while promising for eliminating 'carried interest' of the rich and influencial people in the US corporate sector. Economists and election analysts consider this is an effort get an image among blue-color voters. In reality, Bush's plans help the rich indirectly, analyse the economists.
Sep 15, 2015 10:00 AM EDT
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