Payday loan price cap starts at 0.8% per day, says UK regulator
Payday loan firms will have an 0.8% per day price cap imposed by the Financial Conduct Authority to help make sure they do not...
Alibaba sales volume soars on company’s self invented “Singles Day”
Alibaba Group Holding’s online shopping festival “Singles Day” has resulted in record transaction volume, topping $1 billion within the first 20 minutes.
Last year it...
Russia’s planning second gas pipeline to China, shifts target market
Russia wants to build a second gas pipeline to China as part of President Putin’s policy of increasing energy exports to Asia. However, completing...
GoPro Inc. selling $US800 million of stock to raise capital
GoPro Inc's CEO, Nicholas Woodman, is going to be selling part of his stake in the company as part of a $800 million offering...
Dow and S&P 500 surge to record highs, transportation and healthcare sectors soar
The Dow and S&P 500 surged to record highs on Monday, fueled by strong performance in the transportation and healthcare sectors and increased investor...
Canada housing starts in October cool slightly, says CMHC
Canada housing starts in October at 195,707 units were marginally lower than September’s 197,763, says Canada Mortgage and Housing Corporation (CMHC). The figures represent...
Aldi creating 35,000 new jobs in the UK, planning massive expansion
Aldi, the German discount supermarket chain, plans on creating approximately 35,000 new jobs in the UK. The company announced a £600m investment plan, which would nearly...
Obama in favor of tough net neutrality rules, urging FCC to take action
Barack Obama has backed tough net neutrality rules, stating that the internet should not be divided into “fast lanes” and “slow lanes”. He is...
Blackberry seeks China penetration via Lenovo
Canadian telecommunication and wireless equipment company BlackBerry Limited is seeking partnerships to push forward its plan to expand in China, which today is the...
Update 1: Bank bailouts by the taxpayer no more, says Mark Carney
Bank bailouts by the taxpayer will be a thing of the past, said Mark Carney, governor of the Bank of England and Chairman of...