China deflation feared as producer prices fall anew
Fears of deflation in China intensify as producer prices in August plummet for the 42nd time in a row. The decline is attributed to lower demand as well as duplication of industries across China.
Sep 14, 2015 1:36 AM EDT
Japan's Nikkei turns negative for the year to date
Japan's Nikkei dipped into negative territory for the year following a 2.4% plunge Tuesday. Despite better-than-expected growth in the second quarter, investor sentiment was weighed down by weak trade data from China.
Drop in UK export brought fears for pound's stability
UK is now manufacturing less because of the large decline of goods for exports especially weapons. This brings back the fear of the pound's stability in the shaky global economic recovery.
Toyota suspends production at three Japan plants due to heavy rains
Toyota announced the company will suspend its day production in three plants located in Miyagi until further notice, as a safety precaution. Japan have been hit by flood after Typhoon Etau hits the country.
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GE sells transport finance unit to BMO
The US-based global major General Electric has decided to sel the transportation finance unit of GE Capital to BMO Financial Group. GE has decided to focus on its core industrial segment, while disposing non-interest business divisions. It has set a target of $100bn for 2015 through asset sale.
Sep 11, 2015 8:28 AM EDT
Shanghai Gold Exchange allows gold, other securities as collateral trading
Shanghai Gold Exchange has allowed physical gold as collatarel on futures contracts. The exchange has also approved silver, Yuan-denominated stocks, bonds, treasuries as collateral usage. The move is aimed at enhancing trading volumes and attractive investors from other markets.
Sep 11, 2015 8:27 AM EDT
Nintendo partnered with Niantic to develop the real-world mobile game, Pokémon Go
The much-loved cartoon monsters on TV, Pokémon, will have its mobile game version in 2016. Nintendo tied up with Niantic to launch the free-to-play game Pokémon Go. Players could catch pocket monsters around their vicinity through their smartphone's location.
Sep 11, 2015 6:22 AM EDT
Oil price decline makes gasoline less expensive
Enjoy the savings while it last. This is what the Americans are doing right now, as they took advantage of the cheap gasoline price and have their engine tanks full.
Sep 11, 2015 4:48 AM EDT
Jeb Bush promises 4% growth in US economy
Jeb Bush, former governor of Florida, has promised 4% growth in the economy for the world's largest country.
Sep 11, 2015 4:43 AM EDT
Immigrants beneficial to Germany in the long run
Germany sees a long-term benefit in accepting immigrants now. Germany is suffering from rapidly ageing population and low birth rate.
Sep 11, 2015 2:40 AM EDT
Europe milk over-supply makes it cheaper than water
Europe is selling milk cheaper than water. Because of the food embargo imposed by Moscow and the decreased demand of China, dairy farmers are struggling forcing them to sell their precious produce lower than their production cost.
Sep 11, 2015 2:00 AM EDT
Offshore Yuan drops as China steps back from market intervention
Offshore Yuan was rising on intervention of Chinese government and dropping, when the central bank restricting its support. As a result, Chinese currency is fluctuating in domestic and Hong Kong markets. The market intervention has resulted in huge drop in the country's forex reserves.
Sep 11, 2015 1:56 AM EDT
China economy concerns: It's overdone, says Goldman Sachs
Goldman Sachs assures investors that the global markets need not worry over the China's economy slowdown, currency devaluation or drop in manufacturing industry output as it's overdone already. China is growing at seven percent and this is enough to create new jobs and support the transition of economy from infrastructure-based to consumer spending based economy.
Sep 10, 2015 11:42 PM EDT
Corruption scandal rocks crisis-hit Brazil while government gears up for tax hike
At a time when the corruption scandal is shaking the Brazil, the government is thinking of raising tax rates. On the other hand, Brazil's economy is projected to shrink by two percent for 2015. The budget deficit is alarmingly widening.
Sep 10, 2015 11:35 PM EDT
Kirin to purchase more stakes in Southeast Asian companies as it sees economic potential
Kirin, the leading Japanese brewery brand is seeking more stake purchase of Southeast Asian companies as the economic growth in the area continues to rise.
Sep 10, 2015 9:08 AM EDT
China Changes How to Report GDP to Meet IMF's Standards
In an effort to improve current economic situation, Chinese authority is adopting IMF standard to report their GDP to make sure any changes in the economic will be reflected in the data. The move is also part of China effort to obtain a reserve currency status for Yuan.
Sep 10, 2015 8:02 AM EDT
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