Canadian Finance Minister has clearly stated that he strongly supports the central bank's recommendation of featuring Canada's iconic woman or women on paper currency. The petition for recognition of women, led by by hhistorian Merna Foster since 2013, seems to be slowly moving towards a positive decision.
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China's Baidu is considering investing in Indian's Zomato, BookMyShow, and BigBasket
The top online search engine already had the initial discussions with the three Indian startups. Baidu seeks to expand to India due to growing online population and internet user.
E-Cigarettes: Recent study shows the product actually lowers smokers' chances to quit tobacco
Recent study adds to the controversy of whether it is safe and effective to use e-cigarettes as a substitute to conventional cigarettes.
Great Wall Motor launched its new R&D office in Japan to acquire new technologies
The company aims to establish other R&D offices overseas, especially in the United States and Europe. By doing that, they strive to deliver better quality and technology that could enter globat markets.
Will the government revise its plans to revive Singapore’s private housing downfall?
The Singapore government had slammed certain caps on private housing sector, to cool an overheated market. This has been a rising concern for the city builders, especially after Singapore recorded a repetitive falling graph for 17 years running. However, it remains to be seen if the government deems fit for the bans to be lifted given the current residential property scenario.
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Two big names, Wesfarmers and Sainsbury's, are vying for the Home Retail deal, despite warnings sent out by the seller itself regarding low profit expectations. While the deal seems to be in favor of Wesfarmers, Sainsbury's is not out of the picture yet.
Argentina is struggling from soaring inflation, which is hovering at 21 percent. The inflation rate is expected to reach 25 percent in 2016. The government is targeting to bring it down to five percent by 2019. The soaring prices are forcing consumers to pay everything in installments.
Chinese iron ore imports rose to a record-high in December, suggesting that demand from the world’s largest consumer remains robust. The enormous increase coincided with signs of continued inventory restocking at chinese ports.
JPMorgan Chase, Bank of America (BoA) and Wells Fargo earned over $6 billion from ATM service and overdraft fees. For the first time, US government in 2015 allowed banks to disclose details from ATM and overdraft fee revenues. The US banking consumers pay in the range of $4 to $5 to withdraw money from an out-of-network ATM.
The debt burden of South African farmers reached to over Rand 125 billion ($7.5 billion). The total debt of farmers was up 14 percent in 2015 to Rand117 billion. Economists alert that the prevailing slump in commodities markets, tighter monetary, fiscal policy, drought conditions and drop in value of Rand will trigger higher than expected inflation rate.
Protests turned into a full-fledged 24-hour strike by the junior doctors of NHS when their negotiations with the government failed to yield results. The new policy failed to address payment issues and overall job security.
WOW Air has wowed the masses with its expansion into United States' South West at an unbelievable cost of $199. This carrier will fly passengers from California to Europe at this no-frills cost. A #WowinCali contest on social media has added to the hype, where the contest winners can win free tickets on this new route.
Japan’s Mitsubishi UFJ Financial Group is said to have agreed to buy a 20 percent stock in Philippines' lender Security Bank Corp for $773 million (36.9 billion pesos), as an effort to strengthen its growth in Southeast Asia.
Technology startups in Africa may get $10 million funding in early 2016 as Silvertree Capital sees the rosy picture. Silvertree Internet Holdings is keen on scaling technology and commerce companies and has already invested $5 million in business building operations and acquisitions. South Africa, Nigeria and Kenya are favored the most among African countries.
