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Major US banks account for 20% of debts in Glencore

The major banks from the US have exposure to the debt of ailing commodity giant Glencore Plc. Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley have reportedly lent $350million apiece to Glencore. North American banks contributed 20percent of the total loan exposure of Glencore. The ongoing slump in commodities market adversely impacted the Swiss-based Glencore's performance. This indicates potential alarming situation for the American banks if embattled Glencore slips into a liquidity crisis. Glencore is engaged in commodity trading and mining activities.


2015 Nobel Prize in Medicine awarded to 3 scientists for drug discoveries from nature

Discovering antidotes and treatments from common to deadly diseases is a major breakthrough. Thanks to these three scientists who found a cure to get rid of parasitic diseases that has been a plague to mankind for centuries.

Age does really matter in achieving financial success

Whether it's for an emergency fund, a college education, or a comfortable retirement, it's important to have savings. It's a crucial step in taking control of your financial life and can even have positive effects to other areas such as your emotional and physical wellbeing.

'Orange is the New Black' Season 4 Updates: Caitlyn Jenner's cameo shelved, Jolene Purdy's role officially booked; Alex to return with a vengeance?

Will OITNB's fourth season finally have Caitlyn on board and resolve Alex's cliffhanger from last season?


Latest News

Yu Televentures’ next premium smartphone will reportedly come this month powered by Cyanogen and Snapdragon 810. With its high-end specs, Yu Yutopia is dubbed by Yu CEO as the “most powerful phone on the planet.”
The latest iMac is set to be released on October 13. According to some reliable sources, the 21.5-inch 4K Retina iMac features killer 4K display and powerful specifications.
The Lumia 950 and Lumia 950 XL will launch on one carrier, AT&T, on its November debut in the U.S. Analysts say that the phones will not attract much customers, but a rumored Surface smartphone flagship will turn things around for Microsoft.
Microsoft announced its new laptop and deems it as the “ultimate laptop” faster than the Apple Macbook Pro. Microsoft’s Surface Book has a unique fulcrum hinge that allows the laptop to transform into a standalone tablet.
Few days before the official distribution of the Witcher 3: Wild Hunt – Hearts of Stone, game developer CD Projekt Red released its launch trailer.
One Direction recently talked about their future plans after announcing the group will be going on a break. Although the boy group never gave the real reason behind the sudden split, Liam Payne took to Twitter to answer this question.
Lance Bass has recently revealled during a show that he was touched by a pedophile they had worked with when he was still with N'Sync
Xiaomi Mi Note 2 is rumored to be released on November 5. The Xiaomi's newest flagship Mi Note 2 is expected to be released on the first week of November.
Huawei's newest flagship, the P9 is expected to be released on the first half of 2016. Speculations about the features and specifications of Huawei's newest flagship, P9, are spreading all over the wire.
The HTC's One M flagships and its pioneer models will soon obtain the newest Android Marshmallow.