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2015-08-25 15:42:02
After two days of stock market turmoil, the People's Bank of China cut its main lending and deposit rates by 0.25 percentage points to 4.6% on Tuesday to 4.6% and 1.75% respectively.It is the fifth interest rate cut since November meant to fend off concerns about its stallng economy and will take...
2015-08-07 15:35:12
The American economy added 215,000 jobs in July. Before the report, economists on Wall Street predicted a gain of 225,000 jobs, with no change in the unemployment rate. Anything above 200,000 is considered very solid. The unemployment rate now at its lowest point since April 2008 stayed the...
2015-07-28 12:36:48
BP announced a second-quarter loss of $6.3 billion Tuesday, and warned that low oil prices are here to stay.Underlying replacement cost profit (RCP) was $1.31bn (£841m) compared with $3.63bn a year ago.Bob Dudley, chief executive of the oil major, said in a statement that the "external...
2015-07-27 18:56:46
Cybersecurity firm says Android phones can be hacked with a mere text. Considered the biggest smartphone flaw ever discovered as it affects an estimated 950 million phones worldwide -- about 95% of the Androids in use today. Zimperium, the firm behind the discovery says the problem stems from the...
2015-07-17 12:00:17
 After surviving a plane crash that killed both her step-grand parents, Autumn Veatch finally got to a highway and stood suffering in a rainy frigid weather by the roadside, trying to get people to pull over, but vehicles kept passing by. The 16-year-old says she agonizingly tried to save her...
2015-07-09 12:56:16
 The Supreme Court ruled in favor of a Pennsylvania man who posted several threatening messages on Facebook toward his estranged wife and others. He was convicted under a federal threat statute. The Court held that the standard used to convict him was too low. The Court said that it wasn't...
2015-07-09 12:56:16
The Canadian immigration program recently scrapped by the government made it easier for rich foreign investors to apply for permanent residency in Canada if they had a minimum net worth of 1.6 million Canadian dollars ($1.5 million) and invested 800,000 Canadian dollars in the form of a multi-year,...
2015-07-09 12:56:16
Within 24 hrs after Taylor threatened to withhold her “1989” from a new Apple music streaming service because Apple did not plan to make royalty payments to artists during a 3 month trial period, Apple suddenly changed course and offered to pay artists. Taylor Swift posted a caustic...
2015-07-09 12:56:16
Moody says lower oil prices will fail to give a "significant boost" to global growth in the next two years. The ratings agency said any boost from cheaper oil would be offset by the eurozone's economic woes as well as slowdowns in Japan, China and Russia. Moody's said it would not be revising its...
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