Apple launched the new Apple TV during its big product even in San Francisco Wednesday, showing a lot of promise with the Siri remote; but critics believe it still hasn't "cracked the code" in ultimately changing the way people watch TV.
Regions
Eravacycline test failure plunges Tetraphase shares
The Tetraphase Pharmaceuticals Inc. shares had fallen in late trading Tuesday to 80%. This is after a study discovered that its manufactured experimental antibiotic was no better than a standard generic treatment.
S&P Downgrades Brazil's Credit Rating Straight Down to Junk Territory
Brazil's investment-grade credit falls beyond correction and into junk territory as Standard & Poor's downgraded the country's debt Wednesday. According to a report from The Guardian, Standard & Poor's said that Brazil lost its investment-grade status as it is projected with a negative outlook. This downgrade is unfortunate as the nation enters a recession.
French Industry Production Plunges Lower to 0.8%, Lowest Since November 2014
French Industry slumps lower in the third quarter as production unexpectedly fell to 0.8%, a number lowest since November 2014. Economists forecasted a 0.2 increase according to Bloomberg survey, making the 0.8 percent downward curve such a big surprise. The statistics office reported Thursday that French industry output fell by 0.8 percent annually. Meanwhile, manufacturing output also dropped by 1 percent this month.
Glencore Billionaire Willing To Pay $210 Million Bill To Help Company's Balance Sheet
Glencore's Chief Executive Officer, co-founder, and second largest shareholder Ivan Glasenberg is set to pay $210 million of the company's impending $2.5 billion sale of new shares to repair its balance sheet.
Latest News
BMW, the German automaker is investing millions in a new parking startup based in San Francisco. BMW through its investment unit, BMW i Ventures is investing an undisclosed amount in an on-demand parking company called ZIRX. The news was confirmed by ZIRX CEO and co-founder himself, Sean Behr.
Nintendo, the largest Japanese video game company, had teamed up with Niantic Inc. to develop Pokémon Go, a mobile game based on the popular monsters from the Japanese cartoon series.
Gas becomes less expensive because the bottom has fallen out on oil prices. Crude is responsible for almost half the cost of a gallon of gas, as reported by CNN Money. Since June, prices have been plummeting and according to AAA, the regular gasoline's average price is now at $2.40 per gallon or more than a dollar less than it was a year ago. The plunge has been widespread and average prices are still above $3 in only four states namely: California, Nevada, Alaska, and Hawaii wherein the last two states have everything that is often more expensive.
While Korea is hurting from a long drop in exports, one industry is booming in shipments and posts double-digit growth. This draws the attention of policymakers seeking for a new way to grow its export.
Toyota announces that the company is venturing into creating more intelligent car industry. According to the announcement, the Japanese car manufacturer is investing $50 million for research purposes in collaboration with Stanford University and Massachusetts Institute of Technology (MIT).
YouTube, a Google-owned company, is preparing to provide more transparency to advertisers on their advertisement data. Based on this new plan, advertisers will be able to get data such as the amount of view they receive on the platform. YouTube is also allowing a third-party feature to be used for that purpose.
Milk is overflowing in Europe for a lot of reasons, chief of these is that Russia has stopped the importation of milk while Chinese demand has lessened. There is so much splashing around the European Union that makes milk always less expensive than bottled water. In U.K., a liter of bottled water costs $1.50 while a liter of milk costs only $1. The same is almost true in France. In German supermarkets like Aldi and Lidl, a liter of milk costs only about 55¢ while a liter of bottled water costs around 72¢.
After gaining for a while on government's intervention, offshore Yuan fell for three sessions in a row. The Chinese government seems to be moving back from supporting the weakening currency Yuan and restricting capital outflow.
Allaying fears about China's economy slowing down, Goldman Sachs says it's overblown. However, the American investment bank agreed that recently the world witnessed some negative developments.
