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.

Sep 07, 2015 03:29 AM EDT

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 07:00 AM EDT

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 01:23 AM EDT

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 04:52 AM EDT

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 06:34 AM EDT

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.

Sep 07, 2015 03:10 AM EDT

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 06:17 AM EDT

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 08:57 AM EDT

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 08:50 AM EDT

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 09:02 AM EDT

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 01:59 AM EDT

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