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?
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.
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.
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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
US job gain projections turn spotlight on rate hike
The positive projections for job growth in August are giving much scope for speculation on possible rate hike by US Federal Reserve. The next meeting of Fe is scheduled on 16-17 September. The drop in unemployment rate is also aiding the speculation on rate hike.
Sep 04, 2015 8:50 AM EDT
Reebok rebrands as a fitness center in the U.S. and Europe
Reebok, the shoe brand is turning into fitness centers. Its "Be More Human" campaign challenges people to test their physical strength in group sessions. Earlier on, it had launched in the U.S. This week, the campaign will roll out in Germany.
Sep 03, 2015 11:26 PM EDT
Seven tech companies formed an alliance to develop a new standard for open source video format
Netflix, Mozilla, Cisco, Intel, Amazon, Google and Microsoft made an alliance to come up with a new standard for open source, royalty free video format. Reports say this will end video plugins in the Web.
Sep 03, 2015 11:20 PM EDT
Wild swings in China stocks this week
China and Asian market drop again today on U.S drop last night and weak manufacturing data released by Chiese government.
Sep 03, 2015 11:14 PM EDT
Japan inflation falls to zero for third time
Shinzo's Abe government had failed again for the third year in an effort to increase inflation to help takes Japan out of the recession problem.
Sep 03, 2015 11:06 PM EDT
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