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 08:02 AM EDT

Jeb Bush, former governor of Florida, has promised 4% growth in the economy for the world's largest country.

Sep 11, 2015 04:43 AM EDT

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 04:48 AM EDT

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.

Sep 10, 2015 05:59 AM EDT

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 02:00 AM EDT

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 01:56 AM EDT

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 07:46 AM EDT

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.

Sep 10, 2015 07:01 AM EDT

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 09:08 AM EDT

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.

Sep 11, 2015 09:10 AM EDT

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 04:53 AM EDT

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 09:59 AM EDT