Google Shutting Down Orkut On September 30

Google Shutting Down Orkut On September 30

Google has announced its plans to shut down Orkut, its first attempt at social networking. This platform will be formally closed on September 30, after which users will not be able to log in or export their photo albums to Google+.

From now on, newcomers will not be allowed to create a new Orkut account…

  • July 1st, 2014, Author: admin

Russia Raises Rates To Curb Inflation

Russia Raises Rates To Curb Inflation

For the second time in two months, Russia unexpectedly raised interest rates on April 25. The country suffered its first credit rating cut in five years, which highlighted the impact of the Ukraine crisis on the teetering economy.

The Central Bank of Russia raised its key rate by 50 basis points to 7.…

  • May 2nd, 2014, Author: admin

Hope With Spring Fever For U.S. Earnings

Hope With Spring Fever For U.S. Earnings

Investors are confident that nearly one-third of S&P 500 names that are set to post results will offer a catalyst to buy stocks and leave the recent weakness of markets in the dust to shift the earning season into high gear.

Many business giants including Apple and Microsoft, McDonald’s (…

  • April 24th, 2014, Author: admin

Wall Street Ends Up After Citi Results

Wall Street Ends Up After Citi Results

On Monday, U.S. stocks closed higher as earning of Citigroup and strong retail sales provided reasons to buy equities for investors despite a resurgence of geopolitical uncertainties.

Strong results from Citigroup and bullish retail sales data lifted sentiment and this resulted in equities op…

  • April 18th, 2014, Author: admin

German Industry Orders Point To Strong First – Quarter

German Industry Orders Point To Strong First – Quarter

In February, domestic demand drove a stronger-than-expected 0.6 percent rise in German industrial orders according to data shown by Economy Ministry. This data marked the fourth consecutive monthly gain and underscoring the pickup in the mighty industrial sector of Germany.

This increase in s…

  • April 9th, 2014, Author: admin

Ukraine Worries Ease, Wall Street Climbs

Ukraine Worries Ease, Wall Street Climbs

On Monday, US stocks climbed after the referendum of Crimea in favor of quitting Ukraine passed without violence. Meanwhile, the S&P 500 bounced from its worst weekly drop in the past seven, as concerns about the situation in Crimea eased while economic data indicated the US economy was improv…

  • March 22nd, 2014, Author: admin

Shares Rally On U.S. Economic Data

Shares Rally On U.S. Economic Data

On February 28, most stocks on Wall Street surged to record highs and were able to overcome concerns about the ongoing political tensions in Ukraine and a downward revision of economic growth.

Meanwhile, the euro managed to hit its highest level this year after stable inflation cooled expectation…

  • March 6th, 2014, Author: admin

Sterling Jumps On Upbeat Outlook

Sterling Jumps On Upbeat Outlook

Sterling got a short in the arm while the euro nursed losses after setback on dovish comments from a top European Central Bank official. ECB Executive Board member Benoit Coeure recently remarked that the idea of cutting into negative territory the rate the ECB pays banks for holding their deposits…

  • February 25th, 2014, Author: admin


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