Ruble freefall continues after OPEC maintains oil output rate
The Russian ruble continued on its downward spiral following OPEC’s decision not to reduce oil output. Other oil-related currencies also took a beating. On...
EBC quantitative easing is a bad idea, warns Sabine Lautenschlaeger
Sabine Lautenschlaeger, a member of the European Central Bank’s (ECB’s) Executive Board, warned that the large scale purchase of sovereign bonds is a bad...
Altalink sale to Berkshire Hathaway approved by Alberta Utilities Commission
The $3.2 billion acquisition of Altalink LP, one of Canada's largest transmission companies by Warren Buffet’s Berkshire Hathaway Energy Company, was approved on Friday...
Canada budget deficit of $744m in H1 less than $10.65bn in H1 2013
Canada posted a budget deficit of $744 million for the first half of the 2014/2015 fiscal year compared to $10.35 billion in H1 2013/2014,...
Black Friday online traffic jumped 307% on last year, says John Lewis
UK chain of upscale department stores John Lewis said that the number of online visitors to its website from midnight to 6am on Black...
Apple shoppers spent $20 more than Android consumers during Thanksgiving
On average, Apple iOS users spent $20 more than Android device consumers online during the Thanksgiving shopping spree, according to data released by IBM.
Online...
TSX plunges Thursday and Friday as oil price continues down
The Toronto Stock Exchange’s SP/TSX Composite Index fell 116 points on Thursday and 177.74 on Friday to 14,744.7 as investors continued selling off energy...
Thomas Cook lengthens supplier payment terms from 60 to 90 days
British global travel company Thomas Cook informed “indirect” suppliers at the end of September that its payment terms would be lengthened from sixty to...
Takashi Sensui steps down as chief executive of Xbox Japan
Takashi Sensui, the chief executive of Xbox Japan, has stepped down following miserable sales in the Japanese market.
Sensui is set to be positioned in...
ASK Italian and Zizzi in talks to be acquired by Bridgepoint
Two of the UK’s most well known casual dining chains, ASK Italian and Zizzi, are likely going to be acquired by the private equity...