Result Page 66 for Latest World News & Archive

World

Hong Kong tycoon to launch Vuclip in South Africa; Will compete against Netflix and ShowMax

Richard Li, the Hong Kong billionaire, will compete against Netflix and ShowMax in South Africa. His company, PCCW Media purchased Vuclip last March making the VOD service available in South Africa next week.

Sep 10, 2015 7:46 AM EDT

News

Fiat Chrysler Jeep Renegades recalled due to software glitch

Thousands of Jeep Renegades had been recalled by Fiat Chrysler due to the possible attacks on drivers which can be done remotely. This imposes great danger to the driver's safety, not only meeting an accident but also forcibly getting his car by unsuspecting attackers.

News

Investors withdraw from US Oil Fund amid rising volatility

The high volatility in the global oil market has led to huge offloading in 'The US Oil Fund.' 19.3 mn shares were sold off making it a record weekly redemption since the ETF inception in 2006. global economy slowdown particularly adverse conditions in China market are adding to the volatility in oil price.

News

After 3 attempts, ICE to launch Singaporean Futures Exchange in November

After withdrawing from launching plans of Singapore Futures exchange for three times, ICE has set a date for launching it on 17 November. It'll offer five five futures contracts in Brent, gasoil, gold and two contracts in Yuan currency.

Chinese leaders concern over state of economy

For the first time ever since Chinese economy started slowing down, the country's leaders expressed concerns over the current situation in the domestic market. China President Xi Jinping called the economy slowdown as 'The New Normal.

Sep 10, 2015 4:53 AM EDT

Tesco checking out overseas ventures

With debt burden mounting to GBP 21.7bn, The world's third largest retailer has been forced to offload its overseas ventures gradually.

Sep 10, 2015 3:35 AM EDT

China puts circuit breakers to keep tabs on volatility

Alerted by increased market volatility, Chinese government is in the process of implementing circuit breakers that would suspend trading in a stock if it moves over five percent either direction. If index falls or gains 10 percent or more, then trading will be halted for the day, according to draft regulation. Shanghai index unexpectedly rose in the last five minutes of trading following the news that major infrastructure projects have been approved.

Sep 10, 2015 3:30 AM EDT

Glencore scraps dividend, to sell equity, assets to bring down debt to $10bn

Switzerland-based commodities giant Glencore has taken up several measures to reduct its debt burden to $10bn level. The company has decided to scrap final and interim dividends in addition to selling a part of equity and other assets to raise funds.

Sep 10, 2015 3:01 AM EDT

Japan's Abe may focus on regulatory reforms

Shinzo Abe's coming back to power as Prime Minister of Japan for a second term raising many questions about the reforms in the world's third largest economy. Economists predict that Abe would focus on more regulatory reforms in labor market.

Sep 10, 2015 2:49 AM EDT

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.

Sep 09, 2015 6:25 AM EDT

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.

Sep 09, 2015 5:35 AM EDT

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.

Sep 09, 2015 3:51 AM EDT

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