Fortescue Metals reported a 4% decline in its first six-month net profit owing mainly to the fall in commodity prices. The company has declared an interim dividend of A$0.03 (fully franked).
Archives
Williams Cos. puts Canadian operations on the block for $1 billion
Williams Cos has decided to offload its Canadian operations for $1 billion. It is hoping to put it on the block in next week. In fact, it has already appointed two investment banks to oversee the sale process.
Japan Finance Minister Expects G20 to Discuss Global Economic Recovery
G20 finance minister meeting will be held starting this Friday in Shanghai. Ahead of the meeting, Taro Aso, Japan Finance Minister said that he expect G20 to discuss ways to move global economy.
New policies unveiled to push China's economy
China has unveiled a series of new initiatives to push its economy growth rate. The government is keen on meeting the increasing demand in small and medium-sized homes. Another set of new rules for accelerating reforms at state-owned enterprises will be announced soon.
RBI seeks FinMin's nod for easing capital restrictions on ARCs
Reserve Bank of India (RBI) is seeking an approval from Union Finance Ministry for easing capital restrictions on Asset Reconstruction Companies (ARCs). RBI has recommended Union Finance Ministry to raise the cap on sponsor's holding in asset reconstruction companies.
Latest News
Based on a report from defense and aerospace consulting firm there was a huge increase for investment in space travel during 2015. Space startup investment in last year were accounted two-third of the 15 years in total.
Fenox Venture Capital has been ordered by the Department of Labour to pay over $300,000 as back wages for workers, wrongfully named as interns. The company promised to avoid such practices in the future.
Global stocks hike starting Monday. Investors are anticipating the G20 meeting which to be held in Shanghai on Friday.
Asian shares fell back from a seven-week high on Tuesday as oil prices fell more than 2 percent. The sudden drop happened after the Asia-Pacific indices rose to its highest level since the beginning of the year, after seeing the rise in oil prices before reversing back.
The US government has appeared in a row with Apple centering unlocking of encrypted data of an iPhone allegedly used by a terrorist. Apple opposes the demand citing creation of backdoors for the law enforcers, may lead to a potential abuse. Supporting Apple stand, Mark Zuckerberg has pledged playing due rolls in its fight while addressing in the Mobile World Congress on Monday.
Silicon Valley tech industries have been witnessing a downward trend during the last couple of years. Fenwick & West LLP has revealed their fourth quarter findings on valuations of some Silicon Valley companies. The report shows a decrease in valuation position of the companies during the fourth quarter compared to the strong position in the third quarter.
Lumber Liquidators' shares dropped as a CDC health report elevated cancer risk factor in laminate flooring. The formaldehyde content increased the risk of cancer in certain flooring products.
Turkish government officials acknowledged that the influx of Syrian refugees to the country has contributed in boosting the economy. Turkey’s economic growth has seen an unexpected growth in the third quarter, even as some economic aspects suffered and strained from the flow of migrants.
McDonald's partners with Chobani, a Greek yoghurt-maker company and tests how the yoghurt will come along being incorporated to some of its menu. The fast food chain is adapting to the change to make itself a 'modern and progressive company' as it adapts to the changing tastes of its customers.
