News

Industrial chemical giants Dow Chemical Co. and DuPont have announced their intention to merge the businesses in a deal worth roughly $130 billion. The two businesses have cited increased diversification into the production of plastics, the most profitable area of business in the current market, as a driving reason for the merger. While the companies […]

For four consecutive trading days, the price of oil has been on a slow but steady decline. On Wednesday, the price of a barrel of West Texas Intermediate oil fell to $37.16, the lowest price since a major but short-lived price drop in 2009. As a global glut of crude oil continues to drive prices […]

As speculation of an increase in United States interest rates by the Federal Reserve continues to strengthen the dollar, a decrease in demand has driven the price of gold to a 5-year low. The price of gold has been falling for nearly 6 consecutive weeks, and reached a Friday low of $1,051.60 per ounce. The […]

Long one of the world’s most productive economies, Japan is now facing an economic stall. In an effort to stimulate consumer spending, the Japanese government has planned a large stimulus package which is expected to be announced next month. Even though Japan’s unemployment fell to a 20-year low last month, wages and household spending have […]

Airbnb, a startup company that allows users to list and find available spaces for short term rentals for trips and vacations, has announced that it will be raising another $100 million in funding. The company, one of Silicon Valley’s largest startups, raised an impressive $1.5 billion only a few short months ago. The company is […]

British banking and financial service giant Barclay’s is once again facing fines for its trading practices in the Foreign Exchange market. Sources at the New York Department of Financial Services have said that the bank could be facing a fine of up to $100 million. This fine, if it comes to fruition, will make the […]

The European Central Bank is now considering a further reduction of interest rates on money stored within its banking system. This comes in contradiction to its earlier statement that interest rates had reached a low point that could not be realistically gone beyond, as the bank’s interest rate is already negative. A decision by ECB […]

The Australian Competition and Consumer Commission, or ACCC, has given its approval to the acquisition of BG Group by Royal Dutch Shell. Shell’s attempt to purchase BG Group for $70 billion has met with concerns from many Australians about the lack of competition that such a merger may create. Despite these concerns, the ACCC put […]

Following a new series of negotiations with Eurozone leaders, the Greek government has secured the terms necessary to unlock its latest round of bailout funding. The funding in question is part of a July agreement for further bailouts once reforms had been instituted in Greece. The country has already received €13 billion under this round […]

As many countries around the world struggle with the question of allowing interest rates to rise from artificially low points, Germany’s Council of Economic Experts has advised that quantitative easing programs should be ended in order to prevent the possibility of a new financial crisis. The Berlin based group, consisting of five prominent members from […]