Paddy Power, Betfair £5B merge deal expects to complete process by 2016
Two of the Britain's online betting site, Paddy Power and Betfair, confirms the merging deal worth £5B. It is expected to be completed next year, which will make them the largest online gambling company in the whole world.
Sep 09, 2015 9:59 AM EDT
Will Lenovo, HP and Dell consolidate in the PC market in the coming years?
Michael Dell said it in a press briefing in Bengaluru, India, that he sees three top PC makers will consolidate in the desktop market in five years. These are Lenovo, HP and Dell.
After 25 years, China revises down GDP growth to 7.3%
The latest data from National Bureau of Statistics confirms slowdown in China's economy. The revised GDP growth for 2014 to 7.3 percent from 7.4 percent raises doubts over the government target of seven percent for 2015.
Pfizer's Arthritis Drug Patent Rejected in India
Pfizer’s patent for a new medicine was rejected by India again. This is another setback for the multinational company who has been trying to penetrate the Indian healthcare market.
Latest News
Wall Street Q3 projections under pressure
The projections on US growth rate for third quarter are likely to be lower following the adverse conditions in emerging ecnomies, expectations of rate hike by US Fed, currency crisis in developing nations.
Sep 07, 2015 11:23 AM EDT
China's economic distress is risk to global economy: IMF and ECB
China's economic turmoil poses great risks to the world's economic growth but they are managing to recover from the troubles with the help from other countries and Fed will not yet increase its interest rates.
Sep 07, 2015 4:54 AM EDT
Origin of Greece's economic failure - who to blame, when did it start, how did it happen
Greece narrowly avoided defaulting on its payment and its prime minister called for a snap election on September 20. These are some of the updates on the Greece economic crisis. But the question is where did this problem originated?
Sep 07, 2015 4:52 AM EDT
Bearish divergence: Investors advised not to buy on dips
The formation of Bearish Divergence on technicals charts is indicating further fall in the makrets. Technical analysts caution investors not to take positions on dips as market could fall further. Adverse conditions in the global markets are also dampening the investor confidence.
Sep 07, 2015 3:29 AM EDT
Putin enticed investors to invest in Russia's Far East
A call for investments from local and foreign investors has been rolled out by the Russian President Vladimir Putin in Russia's abundant Far East with a promise of high return on investments.
Sep 07, 2015 3:10 AM EDT
Online advertising to brighten Thai economy
Thai economy is faltering but businesses is courageously allowing more huge budgets to venture into digital advertising targeting Thai consumers through smartphone apps, social networking and sharing of videos on websites.
Sep 07, 2015 1:59 AM EDT
Volkswagen appoints a new chairman
Volkswagen's unassuming finance chief is taking the helm of the world's biggest automaker. Hans Dieter Pötsch has been appointed company chairman, dashing hopes of his current boss of assuming the top post.
Sep 07, 2015 1:23 AM EDT
Egyptian billionaire Naguib Sawiris plans to buy an island for Syrian refugees; wants to name it 'Ilan'
The Egyptian billionaire, Naguib Sawiris tweeted that he wants to buy an island to accommodate Syrian refugees. And he's serious about it. He wants the 'new country' to be named as 'Ilan', to remember the Syrian toddler, Aylan Kurdi, who was drowned in Turkish shore.
Sep 06, 2015 7:00 AM EDT
The Real Deal: Just How Big is the Synthetic Marijuana Trade
Synthetic marijuana has become a giant, multimillion dollar industry that has lead to thousands of deaths and is becoming a major concern for the authorities.
Sep 05, 2015 6:34 AM EDT
Sanofi's Genzyme pays $32.59M penalty for misbranding, unlawful usage of Seprafilm surgical implants
Genzyme Corporation agrees to settle on deferred prosecution agreement with the government to pay a penalty of $32.59M regarding the illegal use of Seprafilm with laparoscopic surgery.
Sep 05, 2015 6:17 AM EDT
Interest rate hike could harm global economy - IMF
The International Monetary Fund warns of the danger of an interest rate hike to the global economy. Instead of raising rates, the fund says advanced countries should focus on growth-friendly programs.
Sep 04, 2015 9:02 AM EDT
Over diversification could dent returns on your funds
Investing in too many funds will not five desired results if correlation among them is high. Making a balancing act in portfolio of stocks, bonds, currencies, treasuries needs expert advise. Analysts advise investors to do some home work before taking investment decision.
Sep 04, 2015 8:57 AM EDT