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May, 2016

  • 17 May

    EUR/USD TICKS UP IN QUIET TRADE, AHEAD OF KEY CONSUMER INFLATION DATA

    EUR/USD inched up in subdued trade on Monday, as the dollar fell slightly due to weak manufacturing data, ahead of a critical release of monthly consumer prices in the U.S. which could provide clearer indications on the strength of the world’s largest economy. The currency pair traded in a tight range between 1.1303 and 1.1343, before settling at 1.1321, up …

  • 16 May

    GOLD EXTENDS GAINS AFTER EMPIRE STATE INDEX REPORT DISAPPOINTS

    Gold futures were higher in North American trade on Monday, adding to overnight gains, as weaker-than-expected U.S. manufacturing data underlined expectations that the Federal Reserve would keep interest rates lower for longer. The Federal Reserve Bank of New York said that its general business conditions index fell to -9.0 this month from a reading of 9.6 in April. Analysts had …

  • 13 May

    DOLLAR TRIMS GAINS AGAINST OTHER MAJORS, HOLDS STEADY

    The dollar trimmed gains against the other major currencies on Thursday, after data showed that U.S. jobless claims rose unexpectedly last week, fuelling concerns over the strength of the job market. USD/JPY was up 0.29% at 108.72, after hitting highs of 109.40 earlier in the session. The U.S. Department of Labor said the number of individuals filing for initial jobless …

  • 5 May

    Oil jumps on Canadian wildfire near oil sands fields, Libyan fighting

    SINGAPORE (Reuters) – Oil prices jumped on Thursday as a huge wildfire in Canada disrupted its oil sands production, while escalating fighting in Libya threatened the North African nation’s output. International benchmark Brent crude futures were trading at $45.32 per barrel at 0440 GMT, up 70 cents or 1.6 percent from their last close. U.S. West Texas Intermediate (WTI) crude …

April, 2016

  • 12 April

    Saudi’s Rotana inks $36m deal to produce Arabic blockbusters

    Prince Alwaleed-backed Rotana Media Group has announced that it has signed deals to produce over 50 new Arabic blockbusters in the next two years at an estimated cost of $36 million. Rotana, in which Saudi billionaire Prince Alwaleed Bin Talal is a major shareholder, said in a statement that it has signed strategic partnerships with major Arab producers to film …

January, 2016

  • 14 January

    Lights, Camera, Capture! Sony and Nikon Reveal New Action Cameras

    People who are into action cams rejoice. While for the most part, camera manufacturers failed to excite much at the CES, fans of action cameras got two interesting and varying efforts courtesy of Sony and Nikon, the two already-established players for ground-breaking camera tech. Sony HDR-AS50 The new HDR-AS50 is a pocket-sized wonder which comes with a 11 megapixel 1/2.3-inch …

December, 2015

  • 12 December

    Samsung Is Getting Into The Smart Cars Race Too

    Samsung is the latest tech firm that has signaled its intent to enter the smart car business. The company’s executives recently sat down and discussed similar moves by its rivals such as Apple and Google and decided to do something about it.  Samsung’s Plans to Enter the Smart Car Business According to the company, Samsung will be assembling a team …

November, 2015

  • 26 November

    Faceshift: Apple buys Star Wars motion-capture company

    Apple has purchased the company behind motion-capture technology used in the latest Star Wars film.Faceshift, a Zurich based start-up, specialises in software that allows 3D animated characters to mimic the facial expressions of an actor. Apple has now bought the company, though it is not known how much the deal cost the tech giant. It is also unclear what Apple’s …

  • 15 November

    Investors face quagmire of falling earnings, higher rates

    Investors may wade into unknown territory next month as the Federal Reserve readies the first rate hike in nearly a decade amid a corporate earnings recession. S&P 500 earnings are on track to close their first reporting season of negative growth since the Great Recession and estimates call for sub-zero growth in the current quarter as well. Even if the trend …

  • 11 November

    Ali Baba Demolishes Records By Racking Up $5 Billion In Sales in 90 Minutes

    E-commerce giant Ali Baba has once again shown why it is a force to be reckoned with.  On November 11, called ‘Singles Day’ in China, single people go on a shopping spree. And it was a spree like none other since in just a matter of 90 minutes, the e-commerce giant was able to record $5 billion USD in sales. …