2016 seems to be headed towards being a year when rating agency – Fitch Ratings, handed over the most number of sovereign downgrades even while there is over more than three months to go till the end of the year…. Read More ›
Month: September 2016
Chances of Fed Interest Rate Hike in September Slashed to 25 Percent by Goldman
Noting the absence of a clear indication that the central bank’s rate-setting group was set to tighten policy, Goldman Sachs has trimmed the odds of the U.S. Federal Reserve raising interest rates next week. While raising the odds that the… Read More ›
Samsung to stop showing Galaxy Note 7 ads in South Korea by the end of this week
With Apple’s iPhone 7 out, the opportunity cost in lost sales is massive for Samsung. Unless its engineers can fix the root of its fire-catching issue, the stopping of ads is likely to spill to other regions too. According to… Read More ›
World’s 3rd Biggest chipmaker set to acquire Intersil Corp for $3.2 billion
This acquisition by Renesas Electronic Corp will result in the diversification of its portfolio and could see its sales chart boom due to the intensifying usage of electronic components in the auto industry. Midst a rising wave of consolidation taking… Read More ›
Hanjin Group’s chairman transfers $36 million to Hanjin Shipping
Hanjin Shipping’s cargo hangs in the balance as it desperately tries to secure additional funds. According to a spokesman of the Hanjin Group, its chairman has transferred $36 million (40 billion won) to Hanjin Shipping today so as to help… Read More ›
Analysts Predict Efforts to Unload Hanjin Stalled Ships by Funding could End up Short
Daniel Yoo, head of global wealth management at Kiwoom Securities believes that the funds flowing to listing Hanjin Shipping were likely to fall far short of what was needed to get its stalled cargo moving. “Hanjin Group is now going to… Read More ›
Serious Discussion of Rate Hike This Month Urged by Fed’s Lockhart
Despite the revelation of some recent disappointing economic indicators, the call for a “serious discussion” about raising interest rates at the U.S. central bank’s meeting later this month was repeated by Federal Reserve Bank of Atlanta President Dennis Lockhart. “Notwithstanding… Read More ›
With an eyeing on the Chinese car market, VW partners with Chinese tech groups
With China’s car market being the biggest in the world, this strategic step by VW could have potentially big payoffs. Undeterred by its troubles, Volkswagen has deepened its collaborations with Chinese internet technology groups in order to increase and expand… Read More ›
Hanjin ship begins unloading at California
Reeling under a $5.5 billion debt, Hanjin’s plight have increased freight rates and are casting long shadows on the coming U.S. holiday season. In a development that bodes well for importers, a ship belonging to bankrupt shipping company, Hanjin Shipping… Read More ›
Amazon & Pandora to launch subscription based music streaming services
Amazon’s Echo customers will be charged only $5 for the music streaming service against the industry’s going rate of $10. According to several sources who are knowledgeable of the matter at hand, Amazon.com Inc. and Pandora Media Inc. are planning… Read More ›
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