Anheuser-Busch InBev NV has reported a10 percent drop in profit for fourth quarter of 2015. The brewer is suffering from sluggish market in the US. As a result, revenues for fourth quarter fell to $3.23 billion from $3.33 billion.
Regions
Fitch Also Degrades Economic Outlook of Azerbaijan After S&P And Moody’s
S&P and Moody’s have downgraded economic outlook of Azerbaijan during the previous month. On Friday, the other US Stock Exchange Commission recognized rating agency, Fitch Ratings, has also downgraded the outlook. Country’s government and central bank adopted measures have apparently gone in vain to tackle the economic turmoil.
Human Regains The Lead In Mercedes-Benz Production Line
Robots are the best performer in repeating predefined tasks while lags behind in adapting with changes. Offering changed features in versatile range of models appear as the trend for recent day’s automobile industry, where human surpasses robots. Following the industry trait, Mercedes-Benz has brought back humans in S-Class production replacing robots.
Eskom to Receive Last Payment of 5 Billion Rand Bailout By Next Week
Next week, Eskom will be paid the remaining balance from the bailout. Eskom CE Brian Molefe expressed frustration to learn that Finance Minister Pravin Gordhan announced that the funds will be withheld. Treasury informed that the fund will be transferred and is already being processed.
Gap Announces Fourth Quarter Earnings, Forecasts Decline in Profit During Current Year
Gap Inc. has announced its fourth quarter earnings on Thursday. The clothing retailer has represented a comparative feature with its year ago performances. It has also predicted for weaker earnings during the current year.
Latest News
Openreach provides broadband internet service to BT and other operators in the UK. Since BT remains as the controlling authority of Openreach, so dependence appears as a major hurdle in rendering equal customer services. Observing the anomalies, Ofcom, the UK telecom regulator has instructed BT ensure universal broadband for all.
Vision Capital has announced on Wednesday reaching an agreement for disposing of its consulting business arm to Maru Group. Lower growth rate and profit margin ration are believed to the reason to choose the consulting arm for selling. Through this deal, VC has removed the last hurdle to go for IPO.
Hedge funds are favoring eHi Car Services Ltd (NASDAQ:EHIC) stocks. Many hedge funds are reportedly increasing their collective stake in the China's car rental company.
As the birthplace of venture capital in 1960's, a report from Martin Prosperity Institute showed that San Francisco is still leading venture capital investment in the United States. While New York and East Coast region followed behind.
Oppo has unveiled Super Vooc Flash, the ultra fast charging device, during Barcelona Mobile World Congress. No compatible device has been suggested in the introductory session which indicates the device is still in the prototype stage. The Oppo device is claimed to be superior since it diminishes the risk of overheating and can operate in a lower voltage.
The Birmingham-based company focused on developing cloud-based HR software. An area which rarely attracted software startups.
LiFi technology, an abbreviation of Light Fidelity transfer data using light from LED bulb. It will enable users to download 23 DVDs in one second
Microsoft has announced on Wednesday acquiring Xarmin, a cross-platform software programming tools project. Though details on the deal haven’t been disclosed from either party, the deal has been rumored to be made for $400 million to $500 million. The acquisition is expected to boost up Microsoft’s Universal Windows Platform (UWP) technology ideals.
Singapore's GDP has increased 1.8 % in the fourth quater in 2015. For the full year of 2015, it has increased 2%.
