US stocks declined in the end of this week, taking cues from the setback in the talks between Greece and its creditors.   The Wall Street took a direct hit since the Greek bailout plan remained unresolved. According to a Reuters report, the Dow Jones Industrial Average dropped 140.53 points, or 0.78%, to 17898.84, the S&P 500 index fell 14.75 points, or 0.70%, to 2094.11, and the...

Taiwanese hardware production company Foxconn Technology is in talks to manufacture Apple's iPhone in India in a move that could potentially decrease the prices for the iconic phone in the country.   According to a Reuters report published by Hindustan Times, Foxconn’s move to build a plant in India is based on geographical proximity to the key markets for iPhone. The company could also...

Australian carrier Qantas Airways Ltd and American Airlines Group are advancing their four-year old joint venture into a revenue sharing agreement.   The agreement allows the American Airlines Group to operate a direct flight from LA to Sydney while Qantas will resume its flights from Sydney to San Francisco. The new flights across the two continents will begin in December.   Qantas...

A sort of Fusarium wither showed up this year in Australia's fundamental banana-developing state in the wake of spreading to Asia and Africa. While the fungus has been around since the 1990s and has yet to influence top exporter Ecuador, Fresh Del Monte Produce Inc. called it a potential “big nightmare.” The United Nations says the sickness debilitates supply, and Latin American cultivators are...

The Russian economy has been gradually growing surprising many industry pundits. Russian GDP is set to recover in spite of strict sanctions. Most of Russia’s growth predictions are based on future of oil prices as Russia is trading in oil again. The bear-like Russian economy is now a raging bull. From the perspective of any portfolio manager, this has been the case for ages. The reputed CFA...

The publication notes that this is the first official announcement of the discovery of commercial reserves on the continental shelf of Cyprus, after a consortium of Eni / Kogas and Total of France, previously working on blocks 10 and 11, declared their coagulation due to lack of results. US-Israeli consortium must now submit to the Government of Cyprus for approval development plan and...

The rising inflation rates to 0.3% in the month of May introduce fresh breath of hope in the European economy. Thestrategist.media – 07 May 2015 – The B.B.C. News reports that the month of May has brought positive news in Europe. The economy of the said country has been facing an affect of inflation for the past five months. Consequently, the rising “eurozone” caused either stagnation or sheer...

The floatation of AO World in the ‘stock-exchange’ failed to contribute to its revenue profit margins significantly. Thestrategist.media – 05 June 2015 – According to the reports of AO World, there has been a “pre-tax loss” for an entire year, which amounts to “£2.9m”. Consequently, “trading” in the United Kingdom continues to be “challenging”.   “AO World” is a domestic “appliance...

Rich man and serial investor Warren Buffet’s annual charity lunch has been auctioned for $2.3m to a Chinese gaming company.   The lunch has been in the auction for 16 years and is a popular annual gig for the CEO of Berkshire Hathaway. The funds will go to Glide Foundation, an NGO that works to get communities to help break the cycles of poverty and marginalization. The auction started at...