Alibaba Health Information Technology Limited has signed a strategic cooperation framework agreement with Shanghai Kingstar Winning Software to launch a range of e-medical services...
The Reserve Bank of Australia decided to cut the interest rate to a new record-low of 2.25% vs 2.5% prior, after strong speculation that the Central Bank would probably act amid global deflationary pressures...
Chinese meal ordering platform Ele.me announced that the company has gained new investments of a whopping USD350 million and its investors including Tencent, JD.com, Dianping.com, Sequoia Capital, and CITIC Private Equity Funds. According to Ele...
The biggest US energy company Exxon Mobil Corp. reported its fourth-quarter profit fell 21%, impacted by lower commodity prices, while it also unveiled plans to slash its share buyback program, says The WSJ...
US oil industry workers have launched a large-scale strike at nine refineries after failing to agree on a new national contract with major oil companies, says BBC Worldwide...
In December Xiaomi became the world’s most valuable tech startup, worth $46 billion. Meanwhile, last week Apple said it sold a record 74.5m iPhones during the three months to December – the equivalent of 34,000 per hour – significantly ahead of forecasts that it would sell 65m...
Russia’s central bank cuts its key rate by 200bp to 15%. We expect USDRUB to climb over 75 within 1M. We expect Russia’s economy to expand only after 2016. Assessment and outlook Today (30 January 2015) Russia’s central bank unexpectedly cut its key rate to 15% from 17% p.a...
The e-commerce giant AMZN usually doesn’t reveal many details about sales by category. This time it was different, and below I post what it has said about the best-selling items in a wide range of categories, from books to videos, toys and electronic equipment before Christmas...
Alibaba.com tumbled 8.8%, a day after Yahoo finally answered investor chirping by announcing it will spin off its remaining stake in the Chinese e-commerce giant to shareholders. Are we looking at a case of be careful what you wish for...
Citigroup Inc.’s loss on a surge in the Swiss franc this month was exacerbated by the bank’s decision to let protections against currency swings lapse a week earlier, according to people with knowledge of the situation...
On Friday, Eurostat published its latest unemployment figures, indicating the overall rate in the eurozone falling slightly from 11.5 percent in November to 11.4 percent in December...
The euro zone rate of inflation has entered negative territory due to falling oil prices. That was an impulse for the ECB to act, as what is good for consumers is bad for the economy...
According to government data released on Thursday, initial jobless claims declined to 265,000 in the seven days ended Jan. 24 from a revised 308,000. The number of people who sought new U.S. unemployment benefits in late January fell to its lowest level in 14 years...
On Wednesday the company announced an email and electronic calendar service called WorkMail that is aimed at grabbing a slice of the corporate-email market largely controlled by Microsoft Corp. and to a lesser extent Google Inc, says the Wall Street Journal...
Germany’s largest bank, Deutsche Bank AG, registered a surprise fourth-quarter net profit as provisions for fines and legal settlements declined...
Saxo Bank has announced to clients that it will be applying a second wave of minimum margin requirements increases starting February 4th. The broker had initiated an initial across-the-board increase of margins which affected many popular forex and CFD products on January 21st...
"Mom and Pop" traders are getting a bailout...
This afternoon Yahoo! reported Q4 revenue was slightly light of expectations, and beat by a penny on the bottom line, Barron's reports. The report said the company would spin-off its interest in Alibaba Group Holding (BABA) as a separate public company...
According to a report released by the Chinese authorities, Alibaba Group Holding Ltd. is now in a “credibility crisis” due to a failure to crack down on shady merchants, counterfeit goods, bribery and misleading promotions using its online malls, Bloomberg reports...
