Didi & Uber, the ride-hailing rival in China get support from Chinese government who still curbs “its behaviour”. Online “ride-hailing services” got a green signal in China, whereby the country has issued guidelines establishing a framework that has been long waited for. The recently issued...

Things may be turning the corner for iron ore after the market for the steel-making commodity was is decline since 2011 amid an extended commodities crash.   It is however not certain how strong the recovery will be.   While China’s appetite for the commodity firms, the supply growth...

While disappointing investors who had set their hearts on more audacious measures but yielding to pressure from the government and financial markets for bolder action, the Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF).   But the central bank...

From the beginning of the year, price for zinc increased by more than 40%, becoming the fastest growing in the non-ferrous metal segment. The investors' interest is fueled by concerns about the possible difficulties with supplies. Zinc occurred the fastest growing in price among non-ferrous metals...

Joining GlaxoSmithKline Plc in a vow to bolster British employment following the nation’s historic vote to leave the European Union, McDonald’s Corp. has said that it will create more than 5,000 new jobs in the U.K. by the end of 2017.   Paul Pomroy, chief executive officer of McDonald’s...

The world is catching Pokemons, and economists and analysts are calculating the game’s impact on the economy. Do you know how much energy is consumed by one Pokemon Go player? Each player that connects to the game, spends about 0.76 liters of gasoline. It doesn’t seem impressing, but if we add up...

While stopping short of signaling that the move could come as soon as September, Federal Reserve policy makers took a step toward raising interest rates later this year.   After their two-day meeting, their assessment of the economy in their monetary policy statement was upgraded by the...

In an accord that would be the fund’s biggest aid package in a region pummeled by political unrest and the plunge in oil prices, Egypt plans to secure a $12 billion loan from the International Monetary Fund to ease a crippling dollar squeeze and restore confidence in the economy.   An IMF...

With the aim of doubling the country’s capacity to produce petrochemicals over the next decade and as a part of its push to attract $60 billion in foreign investment, Iran has started talks with Mitsui & Co. Ltd. and Total SA.   Managing Director Marzieh Shahdaei said in an...