VENTURE CAPITAL POST

The skyrocketing oil inventories are paving the way for more traffic jams on the seashores as oil tankers are queuing up along the US Gulf Coast. The uncompromised Opec's decision to continue its production level coupled with shale production in the US is adding to huge volumes of inventories.

Apple Pay is stealing consumer's loyalty in multiple countries. After the introduction of rival services Samsung Pay and Google's Android Pay, Apple Pay also considers the need to expand itself, especially to China which represents as significant business opportunity for mobile-payments systems.

Australian Prime Minister Malcolm Turnbull urged Chinese Premier Li Keqiang to hasten environmental tests of sulfur content on coal imports as Australian exporters claim that the new standards disrupts the trade and drives down the already low prices.

The world's largest and second largest economies have established 'Space Hotline,' a new communications channel to serve as a diplomatic safety valve.

World's biggest drone maker, the China SZ DJI Technology Company announced that they are planning to open its first flagship store in China. According to the announcement, the company will open a store in the heart of Shenzhen shopping center as soon as December before the shopping district get busier as customers preparing for a festive season.

US President Barack Obama is heading for an Asian trip and is expected to join the APEC Summit in Manila to talk about the Trans-Pacific Partnership. The Asia-Pacific Economic Co-operation (APEC) summit, which will be attended by all Asia-Pacific leaders will be the center of Obama's attention to deliver a speech and convince leaders to sign the agreement.

China will double the deposit needed for investors to obtain funds to trade stocks, known as margin trading - The Shanghai stock trade explained on Friday, as authorities look to constrain a practice that made an enormous market bubble.

China to face decline in copper imports for the next year as the response of its weak domestic demand on copper driven by slowing economy in the country. China released weaker than expected economic data that raised serious concerns over the country's future demand for industrial metal.

Indonesia's Foreign Minister on Thursday announced that its country demanded China to explain and prove its claims on the South China Sea, as Indonesia accuses China of claiming parts of the Indonesian-ruled Natuna Islands to be part of China's nine-dash line.

After enjoying successful services in several Asian countries, GrabTaxi introduced a carpooling service in Singapore. The service is available for testing on Wednesday in the country. Drivers participating in GrabHitch must provide elligible document and verification checks.

Reacting to concerns over Chinese dumping, the world's second-largest economy has slapped a notice on complaints with World Trade Organization (WTO) that such baseless concerns about its cheaper exports should need to meet higher standards from December 2016.

The US and Japan governments have made it clear that there wouldn't be re-opening a Pacific trade deal and further stated that any such attempt would further damage the whole pact.

New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.

China's import dropped again in October for the 12th consecutive time, according to official data revealed Sunday. BBC News reported that China's imports on October went down 18.8 percent to $130.8 billion.

Oil prices dropped on low volumes as investors preferred to book profit to take advantage of overnight rally. The oil price is hovering above $50 a barrel on disruption in production in Brazil and Libya.