Morgan Stanley, the America based Global financial services firm has described Cincinnati based Kroger as a potential business competitor to Amazon, Walmart followed by a study. The new ecommerce platform has got momentum and enormous popularity due its unique offerings. However, another study has depicted Kroger as a threat to Publix, still remaining away from Amazon or Walmart.
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Gillian Wong Returns Back To AP As News Director, Assigns For Greater China
Ted Anthony, AP’s Director of Asia- Pacific news has named Gillian Wong as the News Director for Greater China. Wong, a career journalist is famed for her vast knowledge over China following his coverage over this territory since 2008. The charismatic journalist is going to serve AP from Beijing in its 2nd phase after fist one ended in 2008.
Treasuries fell as markets discount China concerns
US Treasuries dropped for the first time in seven days as China concerns eased. The unexpected depreciation of Yuan by China's central bank sent shock waves across the global markets. This triggered selloff in equities and forced investors towards safe havens such as treasuries and gold.
Yen retreats after higher guidance on Yuan
After rising over three percent recently, Japanese Yen eased after the strong guidance on Yuan by China's central bank. The Greenback against Japanese currency fell to its lowest level since August 2015. Several emerging economies' currencies were reeling under pressure.
Chinese Startups Showing Major Innovation and Potential at CES 2016
The Chinese startups showing off their products at CES this year demonstrated the large amount of innovations being created in the country. The companies debuted impressive smartphones, car-smartphone integrations, and giant helicopter-like drones.
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The most wanted drug lord, El Chapo Guzman will be extradited to U.S. following his arrest by Mexican authorities. Prior to his arrest, actor Sean Penn interviewed the drug lord in his hideout.
Brooks’ Place, a barbeque joint in Houston, Texas, welcomes the gun carrying customers through a sign placed at its entrance. The smokehouse also offers a 10% discount for the handgun. Some business places have still continue to bar carrying guns in public, while some others remain hesitant in choosing a stunt.
The ban on south Indian bull sport ‘Jallikattu’ has been lifted ahead of Assembly elections in Tamilnadu state. Jallikattu has been in practice in Tamilnadu for thousands of years and is being held during Sankranti festival season in January. Majority of Tamil people and politicians are thanking Narendra Modi-led NDA government for lifting the ban on Jallikattu, while animal welfare activists are opposing it.
South Korean automobile giant Hyundai is increasing production of SUV vehicles. The company is struggling with sluggish sales in Sedan segment. Hyundai will increase the supply of Santa Fe Sport vehicles in both the formats - small crossover and large crossover-to explore the growing the SUV segment in the US market.
Overproduction of last year's crops in the U.S. still affect the price in futures trading. Meanwhile farmers is predicted to still harvest a big yield of soybean and corn in 2016.
Apple has agreed to build a tool that will help users to transfer data from iOS to Android due to lots of pressure from mobile carriers. Although the company has not specified the date of release, the news means that Apple is ready to open up its ecosystem and will be in fair competition with other manufacturers.
Asian market hit a worst week starting the 2016 trading. Global market also slipped following the turbulence in China.
Volkswagen has come up with a new solution to solve the car emission problem and is planning to install a catalytic converter to the car involved. The catalytic converter will also include installation of a urea tank to help break down the Nitrogen Oxide.
Office of Management and Budget director, Shaun Donovan, tweeted Thursday that President Barack Obama’s fiscal 2017 budget request will be rolled out on February 9.
