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Glencore Xstrata

Major US banks account for 20% of debts in Glencore

The major banks from the US have exposure to the debt of ailing commodity giant Glencore Plc. Bank of America, Citigroup, JPMorgan Chase and Morgan Stanley have reportedly lent $350million apiece to Glencore. North American banks contributed 20percent of the total loan exposure of Glencore. The ongoing slump in commodities market adversely impacted the Swiss-based Glencore's performance. This indicates potential alarming situation for the American banks if embattled Glencore slips into a liquidity crisis. Glencore is engaged in commodity trading and mining activities.

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Wall Street gains propel Asian indices up; China markets reopen on positive note

Taking cues from the overnight gains on Wall Street, Asian markets moved upwards marginally on Thursday. The reopening of trading in Chinese markets after a long-week holiday streak also infused fresh interest into the market.

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William Ackman

Herbalife shares tumble on Nu Skin's lower forecast; Ackman continues his allegations

Tracking to the steep drop of over 25 percent in competitor Nu Skin shares, Nutrition company Herbalife Ltd's stock also plunged over seven percent.

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Samsung may tap $55B cash reserves for share buyback

With discouraging response towards the new Galaxy smartphone, Samsubg's share price continued to move down in the market. Samsung's stock was trading 13 percent lower this year so far. Already Samsung's market capitalization dropped by $25 billion following lukewarm sales of S6 and Note 5 devices.

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Bill Gross sees further 10% drop in US stocks

Bill Gross, a bond manager, forecasts further fall of 10 percent in many asset classes, while advising investors that cash is the best bet until a clear picture about the next direction of the market emerges.

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Apple's price target of $200 is overstated by 25%, says analyst

Is the $200 price target for Apple's stock achievable considering the estimated sales realization from iPhone 6 and Apple Watch? Some analysts say yes and some say it's overpricing from the current price of $110. Overdependence on price-earnings (PE) multiples and surplus cash are being added to $200 target.

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Wall Street suffers worst quarter since 2011

The US stocks were beaten down adversely during the third quarter ended September as Wall Street recorded bleak performance in any quarter ever since 2011. Barring limited bargain buying, there was no much buying support in the market.

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Brokerage house

Lack of clarity over US data put pressure on Asian stocks

The lack of clarity about the US data and timing of interest rate hike have put further pressure on Asian stock markets. Several Asian stocks slipped into pressure on Friday trading ahead of the US data jobs report. Japan's Nikkei fell 1.7 percent for the week. The long holiday stretch for Chinese markets also resulted in sluggishness in the Asian market.

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Alibaba Headquarters

Alibaba Group Holding stock drops for 4 months now

Chinese e-Commerce major Alibaba Group Holding's stock (NYSE: BABA) continued to ease on Wall Street for the fourth consecutive month following the reduction in revenue forecast for the next quarter of the year. Alibaba shares fell 13 percent in September and this continuous skid since May brought down the market value to $75billion. The economy sluggishness is impacting the e-commerce sales. Of late, Alibaba Group is facing cut-throat competition in online sales. Analysts hold the view that lot of uncertainty in store for Alibaba Group in the days to come.

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Alibaba Group

Yahoo to spin off Alibaba stake even without tax-free guarantee

Yahoo Inc. is proceeding with the spinoff of its stake in Chinese e-commerce giant Alibaba even without guarantee that it won't be taxed. In a regulatory filing, Yahoo says its board has authorized the transaction despite lacking an approval from the Internal Revenue Service. On news of the decision, Yahoo's shares rose Monday by as much as 4% in extended trading.

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Stock Market

Asia shares trade at three weeks low after new data from China was released

The Asian market open lower on Tuesday as investors start to weigh in again the possibilities of a weak economy sign in China. The market fell to its three-week low and is raising concern in the U.S too causing a substantial loss in the Wall Street.

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Qatar plans $35B investment in US market

The Qatar Investment Authority (QIA), the Doha-based sovereign wealth fund of the world's richest nation by per capita income manages over $300 billion, has opened its office in New York and earmarked $35-billion investment over next five years in the US business opportunity.

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Mark Zuckerberg

Mark Zuckerberg speaks at UN: Internet access can eradicate extreme poverty

Facebook Founder Mark Zuckerberg recently spoke at UN and says there is more that can be done that's why he and Microsoft founder Bill Gates, along with Wikipedia founder Jimmy Wales, and U2 front man Bono rallied to eradicate poverty by bringing internet access all over the world. UN has made it a goal to achieve by 2020.

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Bank of America sees signs of recovery in Russian economy

Bank of America Corp (BofA) has turned positive on Russia's economy as it started seeing signs of recovery in near future though on a weaker note. The drastic slowdown in capital investment is gradually easing off. Russian economy seems to have bottomed out. Russian gross domestic product (GDP) shrunk 4.6 percent during the second quarter.

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American flag

Nielsen Encourages Marketers to Set Their Eyes on Wealthy Blacks

Nielsen reported last Thursday that American marketers and media companies should set their eyes on wealthy black American consumers. CNN Money writes that the report is focused on black American, which includes African-Americans and black immigrants, with at least $75,000 annual income. Nielsen's Cheryl Pearson-McNeil, said black in the US has a collective $1.1 trillion in buying power. "You can't ignore that," she said.

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