Markets & Industries
IBM to invest $3 billion in Internet of Things Unit - 03/31/2015
In a bid to grab a share of the Internet of Things market, IBM will invest US$3 billion over four years in this segment. The company plans to set up new IoT systems and services to enterprises. IBM director of analytics Erick Brethenoux said, “We’re only at the very beginning of an amazing revolution. If we thought we were dealing with big data now, we haven’t seen anything yet.” According to...
China To Open Its Market Doors To The Global Investors - 03/31/2015
The Shanghai International Energy Exchange is about to open its crude oil futures trading in the global market. Investors and commodity holders see positive future potentials in Chinese market. Hainan, China (Xinhua)- 29 March 2015- In Chinese trade market, according to BOAO forum, the Shanghai International Energy Exchange, addressed as INE in brief, announced its intentions on shortly...
China Accelerates Solar Energy Goal for 2015 - 03/30/2015
The country with huge population of around 1.4 billion people has set an ambitious goal production more than three times its solar power capacity to 100 GW by 2020. World’s topmost emitter of carbon dioxide is now aiming to install new solar projects with capacity of around 17.8 GW in 2015 (according to China’s National Energy Administration). China has increased the solar energy production...
Amateurs are About to Bring Down the Chinese Stock Market - 03/30/2015
Trading volume on the Chinese stock markets rose to $ 198 billion, and Chinese people have registered 1.14 million exchange accounts in the past week. However, experts believe that, in the face of declining economic growth and harsh tax policy, unprofessional amateur players can lead to the formation of bubble and eventually collapsing of the Chinese stock exchanges. The rapid increase in the...
The New Competitors - 03/27/2015
The digital revolution shakes the foundations of credit institutions, forcing them to create more innovative products and become more loyal to customers. Currently, banks are at a crossroads. The digital revolution now transforming almost every aspect of our lives and in many ways it touched the banking industry too. According to bankers, writes the Financial Times, it shakes the foundations of...
Canada, Europe to follow US cockpit rule - 03/27/2015
Airlines in both Canada and Europe have announced that they would adopt a US requirement for commercial pilots to be not left alone in the cockpit in the wake of the recent deliberate crash of Germanwings flight travelling from Barcelona to Dusseldorf. Air Canada plans to implement the change without any delay while EasyJet Airlines headquarteredin the UK plans to change the regulation this...
Borse Dubai to sell LSE shares worth $1.3 billion - 03/26/2015
UAE-based stock exchange Borse Dubai is selling its stake in the British exchange to raise around 1.5 billion pounds ($2.23 billion). Borse Dubai is the biggest investor in the London Stock Exchange and is the holding company for Dubai Financial Market (DFM) and Nasdaq Dubai. The company was formed in August 2007 to combine the Dubai government’s two stock exchanges as well as its...
Schlumberger to pay $ 232.7 million fine for working in Iran, Sudan - 03/26/2015
World’s largest oil field services company Schlumberger Ltd. was fined $232.7 million for violating sanctions on Iran and Sudan. The sanctions was put forward by the Justice Department on the company’s fully owned subsidy Schlumberger Oilfield Holdings Ltd. The company has admitted guilt to one count of ‘knowingly and willfully conspiring to violate’ the sanctions imposed by US. According to...
Hainan orders 30 787 Dreamliners for $7.7 billion - 03/26/2015
China-based Hainan Airlines has ordered 30 Boeing 787 Dreamliners for up to $7.7 billion. China’s fourth-largest airline in fleet size, Hainan, has made the biggest order this year for the Dreamliner Jet. The company is currently operating 169 aircraft at the end of last year and the expansion of the fleet comes at a time when the company has been posting handsome profit. The publicly-listed...
Heinz to Merge with Kraft Foods - 03/25/2015
One of the largest US food manufacturers, companies HJ Heinz and Kraft Foods Group signed an agreement to merge. The new company will be called The Kraft Heinz Company, Heinz said in the press release. Its headquarters are located in Chicago and Pittsburgh. Heinz shareholders will receive 51% of the securities of the company, the remaining 49% will go to shareholders of Kraft. Kraft’s paper...
