On Thursday Sweden’s central bank cut its main interest rate into negative territory for the first time and announced a bond-buying program, joining a widening group of central banks trying out unconventional measures to battle low inflation...
Mark Carney, Bank of England's governor, has cautioned that interest rates may rise earlier than the City expects, although the Bank of England expects that inflation will become negative for the first time in more than half a century, The Guardian reports...
On Thursday the International Monetary Fund said it would provide a new four-year $17.5bn bailout for Ukraine that is expected to lead to a restructuring of Kiev’s privately-held debts so that it can shore up its public finances, Financial Times reports...
Greece “gets so much noise from everyone, that it’s so fascinating that it causes the typical mom and pop that are saving not to want to invest because they’re afraid,” BlackRock Inc. President Robert Kapito said in an interview in Miami...
Tesla Motors Inc. Chief Executive Elon Musk thinks that the company’s market capitalization could equal the one of Apple Inc.’s in 10 years, says MarketWatch. Musk made the comments on a conference call with analysts following Tesla’s unexpected quarterly loss...
China's 1.3 billion citizenry is about to embark on the biggest movement of people in the world to celebrate the Lunar New Year with family and friends. Factories, schools, government offices - everything reminding of work - will be closed...
"We cannot go back to the era of bailouts," said Prime Minister Alexis Tsipras, as MPs debated and approved a government programme that sets this country on a potential collision course with the rest of the eurozone. "That would mean the end of popular sovereignty...
Egypt will join Russia-led Eurasian free trade zone, which includes Russia, Armenia, Belarus, and Kazakhstan, Egyptian President Abdel al-Sisi announced at a joint news conference with Vladimir Putin...
Chinese telecom device maker Huawei announced in Xi'an that the company has completed the construction of a network functions virtualization open lab with an initial investment of over USD5 million...
The tech giant has become the first company to reach a market value of $US700 billion, as news of its gains in the smartphone market and soon-to-arrive smartwatch boosted its shares...
How much is a good website domain name worth these days? An insider from Qihoo 360 confirmed that the company has invested USD17 million, which is about CNY110 million, to acquire the top-level domain 360.com. This top-level domain was previously owned by telecom carrier Vodafone...
US chipmaker Qualcomm has agreed to pay $975m to Chinese authorities to terminate a 14 month anti-trust investigation into its patent licensing practices...
Russia's Finance Minister Anton Siluanov said the country will ratify an agreement on the New Bank for Development set up by BRICS before the end of this month or at the beginning of March. Other participants will ratify the agreement later, Siluanov said, quoted by TASS...
Britain’s factories kept their slow recovery in the run up to Christmas. But the rise in manufacturing output failed to offset falls in mining and energy, leaving industrial production down 0.2% in December, says The Guardian...
The shopping-street impact of the Swiss National Bank's decision to abandon its 1.20 per euro ceiling last month is expanding across Switzerland, cheapening the cost of imported goods from cars to groceries...
Speaking in Istanbul, George Osborne told Bloomberg TV that there is a growing danger that the deadlock over Greece’s bailout programme spirals out of control. British Chancellor warned that this could potentially be causing serious damage to the European economy, and the UK’s too...
Robin Li, founder of Baidu.com, announced via an internal email that the company will integrate its existing business groups and business units into three major business groups...
As prices for crude oil in spot and futures markets dropped more than 50 percent since June last year, Standard & Poor's had to revise down its oil price assumptions over 2015-2018...
Huawei - New R&D Office In Canada To Invest USD210 Million In Ontario, Canada In The Next Five Years
Following the establishment of offices in Ottawa and Markham, the Chinese telecom device maker Huawei recently expressed intention to set up a new research and development office in Waterloo, Canada...
