January 5, 2016
US Markets Post Big Losses in First Trading Day of 2016
U.S. stocks posted steep losses on their first trading day of 2016. The Dow Jones Industrial Average plummeted 276 points, or 1.58 percent, to end the session. Earlier Monday, the Dow lost more than 450 points at one point. The S&P 500 closed…
January 5, 2016
Chinese shares extend losses in volatile trading session
Mainland Chinese shares extended losses in a volatile session, following Monday's suspension of trading which led to a global equities sell-off. The Shanghai Composite fell 0.3% to close at 3,287.71 points, although it had opened more than 3%……
December 24, 2015
US broadband adoption stalls, as more go mobile
Adoption of home broadband has stalled in the United States, as more Americans opt for Internet on the go with mobile devices, a survey showed Monday. A Pew Research Center survey found 67 per cent of Americans had high-speed Internet at home in…
December 23, 2015
Oil prices will reach $70 a barrel by 2020, says Opec
Oil producers' group Opec has said it expects oil prices to recover to $70 a barrel by 2020. Prices have fallen from more than $110 a barrel in the summer of 2014 to less than $37 a barrel now due to oversupply and slowing demand. But Opec said oil…
December 23, 2015
Court orders exiled tycoon’s arrest
A Russian court has placed ex-oil tycoon Mikhail Khodorkovsky on an international wanted list over the 1990s murder of a Siberian mayor. Mr Khodorkovsky has been living in exile in Europe since he was pardoned by President Vladimir Putin in 2013…
December 8, 2015
Oil Prices Fall to 7-year Low; Stocks Falter
Crude oil prices fell to their lowest level since 2009 in Tuesday's global trading. The latest in a long string of price plunges follows Friday's meeting of the Organization of Petroleum Exporting Countries that failed to reach a consensus to cut…
December 8, 2015
Digicel Play inks deal for child-friendly video service
Digicel Play today announced that it has signed a deal with A Parent Media Co Inc (APMC), owner of children’s over-the-top (OTT) entertainment service, Kidoodle.TV®, to bring a new entertainment and educational experience to its growing customer…
December 7, 2015
Greece Approves 2016 Budget With Less Spending, Higher Taxes
Greece's Parliament has approved the 2016 budget that includes deep spending cuts and tax hikes amid economic recession. The budget passed early Sunday, 153-145, with two lawmakers absent in the 300-member Parliament. The vote was strictly along…
October 22, 2015
See how much tech giants like Apple and Google make per employee
One of the remarkable aspects of tech companies is just how much revenue and value some are able to generate with so few employees. Pessimists could view this as bad thing, that these companies don't require as many workers to generate massive…
October 14, 2015
Wal-Mart shares drop as company predicts lower profits
Shares in the world's biggest retailer, Wal-Mart, have plunged after it cut its profit forecast. The company said it expected earnings per share to drop by between 6% and 12% in the next financial year. The announcement sent shares of the company…