Business

Alibaba registers sales over $5 billion within two hours on Singles Day in China

Alibaba registers sales over $5 billion within two hours on Singles Day in China

E-commerce major Alibaba has reported massive sales volume on Singles Day in China. Within first five minutes of sale, Alibaba registered orders over $1 billion and market experts see it breaking previous records. During first two hours, the ecommerce giant registered orders above $7.2 billion compared to $14.3 billion total order volume during last year’s sale.

PepsiCo aims to reduce calories in soft drinks

Beverages and snacks major PepsiCo has pledged to reduce calories in its products by year 2025. PepsiCo Chairman and CEO Indra Nooyi informed that the company aims to considerably reduce calories in its beverages and other products to deal with health concerns. The company will also improve water resource efficiency at its plants worldwide.  CEO Nooyi added that over the last ten years, the company has improved its product offerings in terms of calorie count for health conscious customers. However, Nooyi sa

Beverages and snacks major PepsiCo has pledged to reduce calories in its products by year 2025. PepsiCo Chairman and CEO Indra Nooyi informed that the company aims to considerably reduce calories in its beverages and other products to deal with health concerns. The company will also improve water resource efficiency at its plants worldwide.

Facebook paid $5 million in taxes in United Kingdom in 2015

Facebook paid $5 million in taxes in United Kingdom in 2015

Facebook paid $5.16 million in tax in the United Kingdom in 2015, as per the latest information released by popular social network. In year 2014, Facebook paid only $5,300 in tax in UK and was widely criticized. The issue once again puts in focus the tendency of multinationals to escape paying taxes where they are due.

Crude declines nearly 4 percent after no progress on reducing production before OPEC Meeting

Crude declines nearly 4 percent after no progress on reducing production before OPEC

Crude declined nearly four percent as Iran and Saudi Arabia haven’t made progress on talking about freezing production. As the supply remains strong, crude oil prices in the international market declined. As per last reports, LCOc1 was down by 3.7 percent to $45.89 per barrel. Organization of the Petroleum Exporting Countries will meet in few days and decide on next course of action on production.

Stock Markets across the World Rise after Federal Reserve Policy Announcement

Stock Markets across the World Rise after Federal Reserve Policy Announcement

Federal Reserve has held the interest ratesat record low and the stock markets across the world cheered the move from the U.S. authorities. The Federal Reserve policy meeting has given the required trigger to stock markets and investors for at least few more months, till the time next policy meeting is held. Stocks jumped in Hong Kong, Tokyo, India, Australia and the United Kingdom.

Banks could be tested by surprise upheaval like recent Brexit vote, OFR says

Banks could be tested by surprise upheaval like recent Brexit vote, OFR says

Regulators warned that years-long stubbornly low interest rates and expectations that are likely to stay low for upcoming years, have prompted the US banks to move their balance sheets in ways putting them in danger in case rates spike all of a sudden.

Banks have been stocking up on lasting loans, mostly linked to real estate and property development that assure higher results in comparison to the miniscule profits on short-term debt.

Pages

Contact

Whether you want to ask us a question, would like to solve a problem, or just give us a suggestion, you’ll find many ways to contact us right here.

Email: editor@norcal.news

Phone: (916) 225-9835

Fax: (916) 225-9845

Newsletters

Subscribe and get the latest updates, news and more...