PBOC governor Zhou Xiaochuan is confident to say that China's economy is healthy along with the assurance that yuan will not be devalued again and that the country has enough monetary tools to support the economy.
Sectors
Japan's factory output up while retail sales shrink
Beating market predictions, industrial production in Japan rose during January 2016. On the other side, retail sales eased 1.1 percent. The mixed situation in the world's third largest economy is signaling ongoing uncertainty about GDP growth rate.
US economy concludes 2015 on positive note
The US economy recorded better than expected performance during the fourth quarter enabling it to conclude 2015 on positive mode. Surpassing the forecast of 0.7 percent, the US economy grew one percent during September-October quarter in 2015 giving much leverage to the US government to tighten monetary policy.
Elon Musk, Tesla Finally Own Tesla.com Domain
Domain name Tesla.com is finally owned by Elon Musk's Tesla. All web traffic from the new website will now be redirected to the company's official page, TeslaMotors.com.
Alibaba Resort to $4 Billion Loans For Expansion From Respective Banks
Alibaba plans of expanding and venturing into other business the reason it is seeking $4 billion in loans. It is already in talks with several banks and the request will be finalized by next month.
Latest News
Anheuser-Busch InBev NV has reported a10 percent drop in profit for fourth quarter of 2015. The brewer is suffering from sluggish market in the US. As a result, revenues for fourth quarter fell to $3.23 billion from $3.33 billion.
The London City Airport has now new owners as a group of investors led by Canadian pension plan acquire the facility for £2 billion. Some expressed a concern over the airport’s plan to expand the service, also over the high price that could cause the new owners to increase airport charges.
Hedge funds are favoring eHi Car Services Ltd (NASDAQ:EHIC) stocks. Many hedge funds are reportedly increasing their collective stake in the China's car rental company.
The King of Good Times, or Vijay Mallya, reached an agreement with spirits giant Diageo to leave the booze business. He is resigning his position as United Spirits Ltd chairman while Diageo takes full management ownership of the company.
As the birthplace of venture capital in 1960's, a report from Martin Prosperity Institute showed that San Francisco is still leading venture capital investment in the United States. While New York and East Coast region followed behind.
Premier Oil posted a widened loss in the year 2015 amid lower oil price. The firm also urged the government to promote infrastructure policies in the North Sea to lure investment.
The Birmingham-based company focused on developing cloud-based HR software. An area which rarely attracted software startups.
Samsung introduced its Gear VR new application in the culinary industry. Working with Sublimotion Restaurant in Ibiza, the Korean tech giant enriches dining experiences with the virtual reality technology, transporting diners from place to place, giving a unique dining sensation.
LiFi technology, an abbreviation of Light Fidelity transfer data using light from LED bulb. It will enable users to download 23 DVDs in one second
