Result Page 70 for Latest World News & Archive

World

Liquidity vacuum: GE suffers most since 1987 Black Monday

Global manufacturing giant GE's stock plummeted on Monday and Tuesday on Wall Street in the absence of any major news affecting the company's performance. The plunge of over 20% eroded the stock value by $53billion. Chinese factor after the central bank slashed interest rate, again created fresh bout of fears that dampened that market sentiment and reversing the rebound on Tuesday.

Aug 26, 2015 9:56 AM EDT

World

A Survivor's Guide to the Market Crash: Don't panic

Analysts advise investors not to worry about ongoing market crash as it's only a correction after recording continuous growth of over 200 percent since economic crisis in 2009. The stock markets fell about 10 percent in the latest market downfall.

World

China plans to boost lending to support slowing economy - report

After devaluing its currency, China takes another step to support its slowing economy. The world's second biggest economy is reportedly planning to free up funds for lending by cutting banks' reserve requirements.

News

Drama in Greece continues with Tsipras calling the vote

Just when Greece was about to get a new 86 billion bailout package, its prime minister, Alexis Tsipras resigned calling for a snap election on September.

China GDP slows down, dents mining companies' profits in Q2; raw materials at 6-year low

With prices of raw materials going down, mining companies are reeling under pressure. The slowdown in China economy is impacting their margins. Many mining companies are poised to slash costs.

Aug 24, 2015 4:40 AM EDT

Drop in consumption, exports squeeze Japan’s export basket

Japane suffered drop in exports during the second quarter this year. This coupled with fall in personal conumption put pressure the world's third largest economy slowing down the growth rate to 1.6% as against the forecast of 1.9%.

Aug 24, 2015 2:53 AM EDT

China devaluation: Is it a serious concern for US economy?

The Chinese currency Yuan devaluation is not only impacting Asian economy alone, but also creating tremors in the world's largest economy. The US market is feeling the heat of devaluation of Yuan as it's indirect impact is more on consumer durable products, industry and stock markets as well.

Aug 24, 2015 2:52 AM EDT

These Cuban Guys are Corporate America's bridge to business in Cuba

It has been a half century since Cuba since the Bay of Pigs and now and they are looking for a better future with the diplomacy with America. The raising of the American flag is symbolizes the warming ties between the said countries.

Aug 24, 2015 2:50 AM EDT

Unicorn status for $1.8B ZocDoc

ZocDoc, digital healthcare scheduling company has rounded $1.8 billion giving it the unicorn status for the first time. Expansion will be used for developing products and beyond its scheduling capability.

Aug 24, 2015 2:03 AM EDT

Biomass answers Britain's energy trilemma

UK is almost running out of energy and the government is trying to find which is the best option. They are eyeing biomass which according to them is cost effective and is readily available when and where needed.

Aug 24, 2015 1:53 AM EDT

Oil price crash-hit Kazakhstan's currency tumbles over 23% in free-float trading

Suffering from oil price crash, Kazakhstan has allowed free-float trading in its currency Tenge, which fell steeply 23% creating tremors in the central Asian economy.

Aug 23, 2015 11:17 PM EDT

Iran's huge potential now open for global investments as crisis-hit nation comes out of sanctions

With the five nations led by the US lifting the sanctions on Iran, the underdeveloped oil and gas sector in the fourth largest oil reserves country offers huge investment and growth potential for global companies.

Aug 21, 2015 3:39 AM EDT

McDonald's hit with labor and tax malpractice allegations during Brazil hearing

McDonald's has been hit with allegations suggesting they have been avoiding tax payments and abusing employees during a hearing in Brazil.

Aug 21, 2015 3:37 AM EDT

Global sluggishness erodes $9B in Norway's pension fund

Several factors including sluggishness in the US, EU markets, poor returns on bonds, oil price drop, Greece economy crisis impacted the world's largest soverign fund, Norway's Pension Fund, in a negative way.

Aug 21, 2015 2:00 AM EDT

European bailout fund grants release of aid to Greece

European bailout fund supervisors have approved the release of the first tranche of financial aid to economically-troubled Greece. This comes after the German parliament and other assemblies in Europe adopted the €86 billion bailout package for Greece.

Aug 21, 2015 12:53 AM EDT

Volatile Chinese markets drive nervous investors to offload

The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.

Aug 20, 2015 2:41 AM EDT