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Amazon to increase workforce for the holiday seasons

Holiday season is fast approaching prompting every store, online or not to accommodate customer demand on sales and customer service.

Oct 23, 2015 02:49 AM EDT


Analysts says there is a bigger economic story behind the quarterly snapshots of Caterpillar and McDonald's

The third quarter report of Caterpillar and other heavyweight international companies could give a clearer picture of how the global economy is doing. It reveals that there really is a global economic slowdown.

Oct 23, 2015 06:42 AM EDT


New Canadian prime minister to pull out troops in the bombing campaigns against ISIS in Syria, Iraq

Canada’s new prime minister designate Justin Trudeau recently talked to US President Barack Obama to pull out troops operating in the bombing against ISIS in Iraq and Syria.

Oct 23, 2015 06:40 AM EDT


China says increasing outflow of money is normal, no sign of panic capital flight

Administration of Foreign Exchange (SAFE) Deputy Head Wang Xiaoyi said the recent outflow of money from China is normal and that it should not be regarded as capital flight.

Oct 23, 2015 06:39 AM EDT


Early Christmas: Greece to get first €3B of aid package

The Greece government is poised to receive the €3-billion aid installment of €86-billion bailout package. The European Economics Commissioner Pierre Moscovici made an announcement to this effect. The European commission will deal with the recapitalization of banks and Greece's debt in November or December.

Oct 23, 2015 06:38 AM EDT


Nasdaq clocks 12% rise in profit on high trading volume

Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.

Oct 23, 2015 06:32 AM EDT


Brazil keeps interest rates unchanged at 14.25%

Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.

Oct 23, 2015 06:30 AM EDT


Australia further delays $70-bn Shell's acquisition plan of BG

Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .

Oct 23, 2015 02:23 AM EDT


Drop in China sales hits Hyundai's profit

Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.

Oct 23, 2015 02:16 AM EDT


Indonesia Deregulates Policy to Entice American Investor in the E-Commerce Sector

Indonesian President Jokowi will visit U.S next week and in his series of meetings he will also meet chief executives from high profile technology companies to invest in Indonesian e-Commerce sector.

Oct 27, 2015 09:52 PM EDT


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