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Yahoo Provides Update on Planned Spin Off of Remaining Stake in Alibaba Group
December 9th, 2015
Yahoo! Inc. (NASDAQ: YHOO) today announced that its Board of Directors, after careful review and consideration of how to best drive long-term value for shareholders, has unanimously decided to suspend work on the pending plan, announced in January of 2015, ...
Bitcoin’s Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius
December 9th, 2015
Even as his face towered 10 feet above the crowd at the Bitcoin Investor’s Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody. The 44-year-old Australian, Skyping into ...
UAE private sector business activity rebounds from 30-month low
December 8th, 2015
The economies of Saudi Arabia and the UAE showed a mild improvement in November, according to a monthly survey of businesses. But economists believe that the impact of low oil prices and a slowdown in infrastructure spending will lead ...
What Accountants Can Expect in 2016
December 8th, 2015
Accounting is an industry that is undergoing so much change, largely sparked by vast advances in technology and we’re only going to see more of it in 2016. The question is, how prepared are you? The evolution of cloud accounting ...
Opec bid to kill off US shale sends oil price down to 2009 low
December 8th, 2015
Oil falls by $2 a barrel with energy shares as Opec refusal to stop flooding the market with cheap oil and likely US rate hike sends Brent crude tumbling Oil prices have slumped by 5% after the latest attempt ...
27 Major Global Stocks Markets That Have Already Crashed By Double Digit Percentages In 2015
December 7th, 2015
Anyone that tries to tell you that a global financial crisis is not happening is not being honest with you. Right now, there are 27 major global stock markets that have declined by double digit percentages from their peaks ...
Russia seeks to boost trade with UAE and strengthen Iran industrial links
December 7th, 2015
Russia wants to boost trade ties with the UAE at the same time as it pursues closer links with Iran. The Russian trade minister Denis Manturov told The National that he wanted to grow the US$2 billion in trade ...
China Begins G-20 Leadership With Ideas to Reduce Dollar’s Role
December 7th, 2015
South Korea, France to lead working group exploring SDR use China exploring ways to make system more resilient to shocks As China takes the reins of the Group of 20 for the coming year, the first indications are emerging ...
OPEC 168th Meeting concludes
December 7th, 2015
The 168th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 4th December 2015 under the Chairmanship of its President, HE Dr. Emmanuel Ibe Kachikwu, whom the Conference ...
OPEC Heads for Status Quo as Members Clash Over Output Cut
December 4th, 2015
Saudi Arabia opposes cuts without Russian participation Venezuela rallies cash-strapped members to support output cuts OPEC looked on track to maintain the status quo after member states clashed over oil production policy at an unusual informal gathering before the ...
