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December, 2015

  • 9 December

    $ 27 billion on the Fed raising rates this month

    Officially, the rate setting committee for the Federal Reserve haven’t decided on whether they are going to increase the benchmark interest rates later on in the month. But according to most investors they are going to be lifting the rates from the historically low current figures. They have placed a …

  • 1 December

    Cyber Monday traffic too much for Target site to handle

    The Target website couldn’t handle the overload on Cyber Monday with shoppers coming to the site in record numbers. The site had been down intermittently from around 10 am on Monday as per Catchpoint Systems, which looks into web performance of these retail sites. All their customers received messages asking …

  • 1 December

    Yuan trading higher offshore as it is designated reserve currency by IMF

    The Chinese yuan was trading higher offshore since the IMF decided to make it a part of the reserve currencies which was a move that was going to integrate China into a financial system that has been dominated by the US, Europe and Japan for decades. The yuan gained around …

November, 2015

  • 30 November

    [Update-1] Weekend store sales hurt as shoppers buy online

    Sales at brick and mortar stores took a hit during the Thanksgiving weekend as many shoppers chose to skip the mall and shop online instead. Around $ 1.73 billion had been spent on Thanksgiving which marks an increase of 25% over 2014. On Black Friday, around $ 822 million had …

  • 30 November

    China stocks take a dive after broker probes announced

    August, the Xinhua News Agency had said that 8 Citic employees as well as one current and former employee of this market regulator had been suspected of stock trading illegally. Even though the Shanghai Composite hardly flinched since 6th Nov. when a freeze was lifted from IPO’s margin requirements were …