Weak global growth could postpone Fed interest rate hike
Reports of weak global growth could slow the pace at which the Federal Reserve increases interest rates, according to Fed Vice Chairman, Stanley Fischer.
At...
IMF revises down GDP growth for emerging Europe
The International Monetary Fund (IMF) has revised down its growth forecasts for emerging Europe to 1.2% for 2014, due to the Ukraine-Russia tensions. The...
Enbridge’s Line 9 pipeline startup delayed by at least 90 days
The operation of the newly reversed Enbridge Inc.’s Line 9 pipeline has been postponed by a few months following the National Energy Board’s request...
US Teens like Instagram now, not Facebook
American teenagers today prefer Instagram and Twitter rather than Facebook, showing they have become visual and sound bite communicators, says a new survey carried...
Amazon to open its first physical shop
Amazon.com says it plans to open its first physical shop. The bricks and mortar store will be located in New York across from the...
Men and women judge art differently
Men and women evaluate art differently, researchers found. While women focus more on the art itself, men tend to pay more attention to the...
European markets slide on global growth fears
Fears that the global economy is losing steam have pushed down European stock markets to year-record lows. London’s FTSE 100 share index slid 1.4%...
Mainstream offshore wind farm project gets greenlight from Scottish ministers
Dublin-based wind and solar firm Mainstream Renewable Power has received the green light from Scottish Ministers to build and operate the offshore 450 MW...
Bernanke was reluctant to bail out AIG in 2008
Former Federal Reserve chairman, Ben Bernanke said on his second day on the witness stand he had been reluctant to lend money to the...
France’s credit outlook cut to ‘negative’ by Standard and Poor’s
Citing concerns about its struggling economic recovery, France’s credit outlook has been downgraded to ‘negative’ by credit rating agency Standard and Poor’s. It reaffirmed...