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UK's Finance Minister pushes G20 against Brexit

UK's Finance Minister George Osborne may take leverage of Group of 20 to support Britain to stay with the European Union (EU). G20 meeting is being held on 26-27 February in Shanghai. Brexit may be a major outcome at the G20 finance ministers meeting.


Exxon may face downgrading by Moody's amid bleak oil prices

Exxon Mobil Corp may lose credit rating from Moody's Investors Service. Moody's on Thursday lowered its outlook for Exxon from stable to negative. Exxon is suffering from cash flows in the wake of continuous drop in oil prices.

UK's GDP growth rate remains at 0.5%; IMF cautions about global growth

UK's GDP growth rate was remained unchanged at 0.5 percent for the fourth quarter of 2015. Services sector contributed the most to the GDP growth. Meanwhile, International Monetary Fund (IMF) has cautioned about weakening global growth.

South Africa Unemployment Rate Declines to 24.5% in Q4

South Africa's unemployment rate drops to 24.5% in the fourth quarter due to increased employment in the finance industry which offsets job losses in agriculture and construction sector. But with the major sectors laying off jobs, and the cost cutting of the government will sure make the unemployment rate will rise again.


Latest News

To secure assets from a company sale, there are two main things that one needs to do: make sure the business entity of the company is preferable for private assets protections and put the said assets in an adequate insurances and retirement accounts.
The San Francisco startup and smartphone maker Revl has been seed funded of $2 million by venture capitalist Bill Tai along with other investors like Frog Ventures, Y Combinator, Lars Rasmussen and James Lindenbaum.
Virgin Pulse acquires two competitors to extend its corporate well-being program. The company mainly focuses on the wellness of empoyees to make them live a better lifestyle and be more productive at work. The merger will expand the company's business through global reach and product synergy.
OJK Issued a new regulation with regards to Venture Capital Companies. The new provision changes the licensing and organization of venture capital companies, and includes sharia law and sharia-based legal entities.
Spruce Finance is securing a multimillion deal in financing by hiring Investec Plc in effort of supporting the development of around 80 megawatts of US rooftop solar assets.
A computer security researcher revealed the vulnerabilities of the Nissan Leaf’s companion app that could allow hackers to control the cars’ heating and cooling as well as access battery status. More than a month after the initial disclosure to Nissan, the company disabled the app while working to find a permanent solution.
Transocean's fourth quarter earnings exceeded the analysts' earnings estimate amid the ongoing fall in the oil market. The company managed to post a quarterly profit of $617 million by reducing its operating costs.
SunEdison Inc. acquired Vivint Solar after Vivint’s shareholders overwhelmingly approved the deal of about $1.9 billion. SunEdison, once the world’s largest renewable energy company, is now facing a financial crisis with billions of debt after massive acquisition binge and plummeting stocks.
HP Inc. has disclosed its earnings report on Wednesday for the first quarter ended on January 31. The Californian PC manufacturer has posted 16% decrease in earnings, in which strong Dollar is believed to contribute a huge. Keeping the currency value in place, earnings have been slashed by only 5%.
Rimac is going to display its first production model of electric vehicle, naming Concept_One. Workers in Rimac have preferred to spend more on development and design rather than on branding. However, the Concept_One will be valued like an exclusive sports car, placed above regular super cars.