Sectors
Tax hike, cost reduction in Greece budget for 2016
Alexis Tsipras-led Greece government has proposed stringent measures in the budget for 2016 year. The draft budget for 2016 indicated a series of tough measures to restore normalcy in the ailing Greece economy.
Growth in U.S. employment could make Fed hike interest rate
American employers increased jobs at a quick pace last September, a signal that the labor market is close to full strength. This trend could possibly persuade the Federal Reserve to raise interest rates at one of its two remaining meetings this year, according to the Business Insider.
Shell assures investors: Dividends will be protected
Royal Dutch Shell Plc CEO Ben Van Beurden said that the company will try its best to make sure investors will still receive dividends amid the low oil price. The statement was released by Van Beurden in an email to investors.
Volkswagen calls for an extraordinary board meeting over emission tests issue; will appoint Poetsch as the new head
Volkswagen board of directors will conduct an 'extraordinary' meeting. Reports say CFO Hans Dieter Poetsch will be appointed as the new head while plans for adjustments will also be discussed.