United States
Bill Gross sees further 10% drop in US stocks
Bill Gross, a bond manager, forecasts further fall of 10 percent in many asset classes, while advising investors that cash is the best bet until a clear picture about the next direction of the market emerges.
American Apparel filed for bankruptcy protection; restructures $300M debt
Los Angeles-based American Apparel filed for bankruptcy protection. The clothing company agreed to restructure its finances after negative controversies and slump of sales.
Shell assures investors: Dividends will be protected
Royal Dutch Shell Plc CEO Ben Van Beurden said that the company will try its best to make sure investors will still receive dividends amid the low oil price. The statement was released by Van Beurden in an email to investors.
World Bank sees global poverty to slip below 10% for first time
The percentage of poor people in the global population is expected to fall below 10 percent in 2015 for the first time, according to the forecast made by World Bank.