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Warren Buffett’s Berkshire Hathaway Inc. ended a $3.7 billion investment in Exxon Mobil Corp., as the decline in oil prices ravaged oil company profits...
Soros Fund Management reduced its holdings in U.S. stocks in the fourth quarter and moved about $2 billion into companies in Asia and Europe, according to Bloomberg. Other big hedge fund managers made a similar call on U.S. equities as a slide in oil prices hammered energy holdings...
I parse the Russian media (corporate and social) on a daily basis and I am always amazed at the completely different way the issue of western sanctions is discussed. I think that it is important and useful for me to share this with those of you who do not speak Russian...
According to reports in Chinese local media, Sony has over 40 subsidiaries and offices in 13 regions in China, including Beijing, Chengdu, Fuzhou, Guangzhou, Hangzhou, Jinan, Nanjing, Shanghai, Shenyang, Shenzhen, Tianjin, Wuhan, and Xi'an...
June Jin, Tesla's global vice president and chief marketing officer for Greater China, has reportedly departed the company...
In the aftermath of the report showing Britain's inflation has fallen to 0.5%, we should again ask ourselves whether inflation is good or bad for an ordinary consumer...
Inflation in the UK is predicted to fall to its lowest level in at least 25 years as the dramatic drop in oil prices and the supermarket price war drag down the cost of living. The report due to be released on Tuesday at 9...
Allegation of corruption at the aircraft engine-maker Rolls-Royce spread to Brazil, adding to the woes of a group that is already involved in a Serious Fraud Office (SFO) investigation into bribery claims in China and Indonesia...
The company will invest over NTD500 billion, which is about USD15.9 billion, to build a new plant to meet the ever-growing demands for chips. The new plant will be located in Central Taiwan Science Park and it is currently undergoing an environmental impact assessment...
Germany's central bank said on Monday the country's economy has moved out of its soft patch at a much faster pace than previously expected aided by a weaker euro, leading to an improved outlook for Europe’s largest economy, The Wall Street Journal reports...
Recent Guardian/ICM opinion poll has put the Tories four points ahead of Labour, though the poll came after the week that saw them under pressure over wealthy donors and HSBC revelations...
As a crucial meeting of euro zone finance ministers approaches, debt-laden Greece and Germany stick to opposite lines on the future of an unpopular international bailout for Athens. However, France called for compromise, says Reuters...
Later on Monday, European finance ministers will meet in Brussels amid increasing doubts whether a deal over Greece's debt problems can be reached...
The third largest economy came out of recession in the last quarter of 2014, however, the growth is still seen vulnerable. Japan's weaker than expected growth comes despite a series of stimulus measures by the government. Markets, however, reacted positively to the news...
George Osborne is being pressured over the HSBC scandal, says the Guardian. Vince Cable's series of questions over whether he has demonstrated proper vigilance towards inquiries into the bank’s Swiss subsidiaries put British chancellor under the pressure...
The starting week is expected to be eventful. Below are listed events which can influence markets this week: Monday, February 16...
Apple CEO Tim Cook told analysts that according to published reports, “a lot of doctors believe sitting is the new cancer.” Cook told the Apple Watch will include an option to ping people if they have been sitting for a long time...
The Big Mini $5.000 Forex Contest The Big Mini consists of 4 weekly forex contests each month with a guaranteed $5.000 prize pool. Imagine entering a contest each week which is bigger than you thought; well the Big Mini is precisely that...
