Hong Kong Dollar Has The Biggest Weekly Plunge in More Than A Decade
Hong Kong dollar dropped to four-year low against US dollar and continue to dive. Its continuous plunge lead to the biggest weekly loss for more than a decade.
Finance/Venture
US Credit Card Debt Is Rising, With Borrowers Owing an Average of Over $6,000
The average consumer has $6,218 in credit card debt, and the number of borrowers who are unable to make their payments is on the rise.
IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes
The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China...
US Seniors: What You Need to Know About Retirement Abroad
With a growing number of people in the US choosing to retire elsewhere, those doing so are advised to research thoroughly on where to retire and enjoy their Social Security payments as much as possibl..
JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending
JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil...
Visa to Change Credit, Debit Card Operations in US
Visa has implemented sweeping changes on how its credit and debit card...
Dollar Slides to Multi-Month Lows as Slower US Inflation Increases Rate Cut Expectations
The US dollar tumbled to multi-month lows on Thursday following a slow...
Latest News
Amazon is venturing into freight shipping business
Amazon is planning to enter into ocean freight shipping industry as the company has been awarded with a clearance from the Federal Maritime Commission. The license will entitle Amazon to act as Ocean
Morgan Stanley Refurnishes Fixed Income Division, Names Sam Kellie-Smith As The New Head
Morgan Stanley, has been reported to tatter with its fixed income division. Following the industry precedence of changing or reshuffling the executives, it has named Sam Kellie- Smith as the head of f
Fed May Hold Rate Hike to Ease the Market
The Fed may hold its next interest rate hike, following a current plunge in oil market that affectsthe stock market. This will give market a breather.
Turkey's busiest airport operator to invest in Philippines and Belgrade
The operator of Turkey’s busiest airport, TAV Havalimanlari Holding AS, is in talks to invest in businesses in the Philippines and Belgrade.
UK technology sector mobilizes $3.6-bln VC in 2015
The UK-based technology firms mobilized $3.6 billion (£2.5 billion) funds from venture capitalists (VC) in 2015 and this is 70 percent higher than $2.1 billion in 2014. London technology companies acc
Britain Interest Rate Hike Will Be Shocking but Seems Inevitable
Bank of England has been keeping its interest rates at the lowest point at 0.5% since March 2009. However, some signals of the interest rate upsurge will be a shock to some people in Britain.
Surplus in China's Trade As December Export Shows Increase
On Wednesday, China revealed its export in December 2015 showed a 2.3% raise from November. Data from China's General Administration of Customs shows the nation's trade surplus, and the report has lif
