Sectors
Wal-Mart to unveil new manufacturing commitments for the US
The new manufacturing commitments for the US that would be announced by Wal-Mart and the US government were part of the retailer's USD50 billion investment pledge to the US economy.
Standard and Poor's Dow Jones Indices upgrades Qatar and the UAE
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
Mashreq Bank introduces technological innovations to its branches
Staff-less branches is the future, according to Mashreq Bank CEO. In a move its CEO says would be a way of the future, Mashreq Bank had planned to open its first fully electronic branch without any staff by January.
Intuit purchase Online Scheduler FullSlate
FullSlate, an online scheduling service provider, was acquired by American software company Intuit for an undisclosed sum.
Latest News
Founders James Russell DeLeon and Ruth Parasol DeLeon would be exiting from bwin.party digital Entertainment should their online gaming license application would be approved.
Global stocks went down slightly after the US Federal Reserve provided a dim US economy Global stocks took a small hit on Thursday after the US Federal Reserve wagered an outlook of the state of the U.
The Euros consistent climbed has encouraged currency repatriation in Europe. The Euro gained traction and reached a two-year high against the US dollar this month, according to a report by Bloomberg.
Banking regulator banking asked the European Central bank for details on what qualifies as debt. Bafin, Germany's banking regulator, wants the European Central Bank (ECB) to provide more information about the type of debts lenders would qualify for, according to a report by Bloomberg.
Significant drops in stocks took place in Asia after the U.S. Federal Reserve Board pared economic stimulus.
Central banks of the Group of Seven nations made permanent a cash crisis mechanism to avoid financial pitfalls.
Sony Corp cuts yearly forecast amid losses incurred. Giant Japanese electronic exporter Sony Corp. cut its annual profit forecast, according to a report by Bloomberg.
BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.
Venture capitalists pondered on costs for developing drones for commercial uses. Tim Draper, a venture capitalist, among others betted on the potential use of drones for commercial use in the US.
Bankers might be disappointed with Wall Street as firms would be setting aside more money for investors.




