Plus500 booked an increase in total revenue for 2015 to $275.6 million, despite facing a dificult year. Increase of compliance cost and failed merger with Playtech has disturb the company's operation.
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Auto Worker Unions Seek Slimmer Pay Raises as Japan Economy Stagnates
Japan’s auto workers unions had agreed on slimmer pay raise of 3,000 yen, only half the amount they demanded last year. That would hinder Prime Minister Abe’s determination to put an end to the country’s economy stagnation by boosting domestic growth and reviving exports.
Jessica Alba's Honest Company was Accused for Deceptive Labeling
Honest Co was accused for a fraudulent labeling in its home and personal care products. The plaintiffs claim that more than 40 of its products contained chemical and toxic ingredients.
Abengoa’s Plea For $1.85 Billion Attracts Investors A Little, Analysts Doubt Over Cash Requisites
Abengoa SA has been witnessed to tatter since Spain government has withdrawn subsidy on renewable energy sector. The company has been battling with a debt burden of €8.9 billion and seeks fresh cash injection of €1.66 billion by the next two years. However, analysts doubt on the Spanish energy producer’s cash requirements.
Indian Rupee nears record low as stocks rebound
Indian Rupee further fell in a narrow range and was nearing its record low. On the other hand, stocks on the Indian bourses staged a recovery. The S&P BSE Sensex was up 0.8 percent paring intraday loss of 1.2 percent. Overseas investors continued to offload in the Indian stock markets.
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Fairchild board rejected acquisition proposal from Chinese firms over fears of US regulatory approval. After a thorough review process and consultation with its financial and legal guides, the board of Fairchild decided to forbid the takeover offer.
Oil and gas prices have continued to slashing down in 2016. Due to lower commodity prices, Oil and gas companies are adopting cost reductive measures including job cuts. After job cut spree in Sandridge Energy, Devon Energy has announced 1,000 job cuts on Tuesday. The company has forecast for another 600 job cuts ahead.
Yello Mobile, South Korean fastest growing mobile app company has received $30 million more fund from SBI Holdings Inc. With the recent investment, the fund grows to $73 million in total. However, the $4 billion enterprise expects further investments before closing the financial round in the coming months.
Knight Vinke removed a majority of his UBS shares from many investment institutions after his failure in convincing the bank to modify its strategy.
Apple CEO Tim Cook made an official statement appealing the court order to provide assistance breaking into an iPhone owned by one of San Bernardino mass shooter. Cook argued that helping law enforcements creating a backdoor to bypass the device’s security is something the company cannot and will not do in order to protect its customers from a greater danger.
The volume of maturities of US investment-grade companies during 2016 and 2020 will be $864 billion. This is record high for the US investment-grade companies. However, they can easily access financial markets for refinancing their debt, observes global rating agency Moody's Investors Service.
UAE Minister of State Sultan Al Jaber has assumed the charge as Director General at Abu Dhabi National Oil Company (Adnoc). Al Jaber has to overcome turbulent conditions in the oil industry as the lower oil prices, oversupply and consumption are the major challenges ahead of him.
India is a populous country hence, a lot of consumers for business-minded people. D-Mart is one of those businesses that cater to customers' wants and needs at affordable price. This strategy is what Wal-Mart and other giant companies should follow in order to better revenue and sales growth.
Clean air shortage in China forces wealthy residents to buy jars of it from a British entrepreneur. The company's name is Aethaer, a Greek word for 'pure, fresh air' and described the product as 'Louis Vuitton or Gucci' of fresh air. Each 580 ml jar of clean, fresh air costs around $115 or £80.
