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Brent crude oil price rose above $87

Saturday, November 01, 2014 Energy
Brent crude, the leading global benchmark price for oil trading, has risen above $87 per barrel on Wednesday from below the $85 mark on Monday. Brent crude oil prices bounced off its lowest point of around $82 per barrel in four years, and steered between $86-$87 throughout last week, before falling to $84.58 on…

Russia's energy giants rivalry lingers despite sanctions

Saturday, November 01, 2014 Energy
The western sanctions against Russia are not expected to alter the rivalry between Russian energy companies Gazprom and Rosneft, experts said Friday. Russian state-run gas company Gazprom signaled last week that it may help its rival Rosneft for oil and gas exploration activities in the Arctic, in the Kara Sea, by…

Moody's: Turkish mortgage covered bonds mostly risk-resistant

Saturday, November 01, 2014 Enterprise
International credit rating agency Moody’s said that Turkey's monetary policy and several macro-prudential measures serve to partly insulate the market from the risk of a housing bubble. "The domestic banks' robust mortgage lending practices and Turkey's favorable demographics are the main reasons for Turkish mortgage…

Smartphone sales jump 25.2 percent

Saturday, November 01, 2014 Innovation
Smartphone sales improved sharply in the third quarter, a report said on Wednesday. Worldwide smartphone shipments jumped 25,2 percent in the third quarter of 2014 compared with the same period of the previous year, the International Data Corporation reported. Vendor shipments jumped to 327.6 million units from 261.7…

Used oil from Chinese kitchens to power aircrafts

Saturday, November 01, 2014 Asia
A plant to turn used cooking oil, or 'gutter oil' into sustainable aviation biofuel has been opened by China's Commercial Aircraft Corp. and U. S. Company Boeing in Hangzhou, China Boeing confirmed on Wednesday October 22. The aviation biofuel pilot project is developed by Chinese Hangzhou Energy & Engineering…

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November 01, 2014

Brent crude oil price rose above $87

Brent crude, the leading global benchmark price for oil trading, has risen above $87 per barrel on Wednesday from below the $85 mark on Monday. Brent crude oil…
November 01, 2014

Russia's energy giants rivalry lingers despite sanctions

The western sanctions against Russia are not expected to alter the rivalry between Russian energy companies Gazprom and Rosneft, experts said Friday. Russian…
November 01, 2014

Moody's: Turkish mortgage covered bonds mostly risk-resistant

International credit rating agency Moody’s said that Turkey's monetary policy and several macro-prudential measures serve to partly insulate the market from…
November 01, 2014

Smartphone sales jump 25.2 percent

Smartphone sales improved sharply in the third quarter, a report said on Wednesday. Worldwide smartphone shipments jumped 25,2 percent in the third quarter of…
November 01, 2014

Used oil from Chinese kitchens to power aircrafts

A plant to turn used cooking oil, or 'gutter oil' into sustainable aviation biofuel has been opened by China's Commercial Aircraft Corp. and U. S. Company…

Emaar marks global launch of new five-star serviced apartment complex in Turkey

October 31, 2014 in Real Estate
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Residences brand in the…

India diversifies into Africa with new energy deals

October 31, 2014 in Asia
India and Mozambique signed a cooperation deal in the field of oil and gas for a period of five years, according to Indian government's statement Wednesday.…

US economy beats expectations but jobless claims rise

October 31, 2014 in America
The U.S. economy exceeded third quarter expectations, growing at 3.5 percent as unemployment claims rose slightly, the Commerce Department said Thursday. The…

Moody's: Rousseff re-election looms over Brazil economy

October 31, 2014 in Finance
The narrow re-election of Dilma Rousseff as Brazil’s new president is likely to have notable effects on the country’s economic course, credit rating agency…

Quarterly loss puts Samsung on track for worst year since 2011

October 31, 2014 in Enterprise
Samsung announced Thursday that net profits fell 49 percent for the quarter ending in September. The third quarter numbers put the company on track to have its…

François Gagnon “Turkish real estate sector grows faster than Europe”

October 30, 2014 in Real Estate
François Gagnon, President of ERA Europe, evaluated Turkish real estate sector’s development in recent years. He said that Turkish real estate sector is in a…

EU climate deal to make LPG popular

October 30, 2014 in Energy
Use of liquefied petroleum gas is likely to see a growth in the EU due to the EU carbon emission regulations, according to Environmental Science expert,…

IBM and Twitter partner to transform business decisions

October 30, 2014 in Enterprise
IBM and Twitter announced Wednesday a partnership aiming to transform the way the businesses and institutions understand their customers, markets and trends.…

Apple pursuing Iranian market, new report claims

October 30, 2014 in Enterprise
Apple is in talks to sell its iPhone smartphones in Iran, according to sources who spoke to The Wall Street Journal in an article published Wednesday. Those…

Amazon’s streaming video device goes against Google, Roku

October 30, 2014 in Enterprise
Amazon on Monday unveiled a new streaming device its calling the Fire TV Stick. The “dongle” is the latest in a series of budget streaming products. The Fire…

Turkey to build Balkans’ largest mosque in Tirana

October 29, 2014 in Real Estate
Turkey’s Directorate for Religious Affairs (Diyanet) has announced plans to build the largest mosque in the Balkans, in the Albanian capital Tirana, citing the…

Twitter reports $175 million loss in third quarter

October 29, 2014 in Enterprise
Social media website Twitter reported on Monday net losses of $175 million in the third quarter of 2014. The company also posted revenue of $361 million, an…

Iran expands targets in renewable energy sources

October 29, 2014 in Energy
Iran aims to produce 5,000 megawatts of electricity throughrenewable energy sources in the next five years, the oil ministry's news agency Shana reported.…

European bank invested more than 1 billion euros in Turkey

October 29, 2014 in Money
The European Bank of Reconstruction and Development will have invested more than a billion euros in Turkey in 2014, making it its biggest market of operations…

EU greenhouse gas emissions lowest since 1990

October 29, 2014 in Europe
EU greenhouse gas emissions in 2013 reached its lowest levels since 1990, the European Environment Agency said in its annual progress report Tuesday. The…

Russia's energy giants rivalry lingers despite sanctions

Russia's energy giants rivalry lingers despite sanctionsThe western sanctions against Russia are not expected to alter the rivalry between Russian energy companies Gazprom and Rosneft, experts said Friday. 

Russian state-run gas company Gazprom signaled last week that it may help its rival Rosneft for oil and gas exploration activities in the Arctic, in the Kara Sea, by sharing technology and offering drilling rigs. 

"Sending one piece of... Add a comment

Read more...

Moody's: Turkish mortgage covered bonds mostly risk-resistant

Moody's: Turkish mortgage covered bonds mostly risk-resistantInternational credit rating agency Moody’s said that Turkey's monetary policy and several macro-prudential measures serve to partly insulate the market from the risk of a housing bubble.

"The domestic banks' robust mortgage lending practices and Turkey's favorable demographics are the main reasons for Turkish mortgage covered bonds' resilience to most macro risks," Moody’s said in a... Add a comment

Read more...

Brent crude oil price rose above $87

Brent crude oil price rose above $87Brent crude, the leading global benchmark price for oil trading, has risen above $87 per barrel on Wednesday from below the $85 mark on Monday.  

Brent crude oil prices bounced off its lowest point of around $82 per barrel in four years, and steered between $86-$87 throughout last week, before falling to $84.58 on Monday, and increasing to its highest point, $87.90 per barrel, on... Add a comment

Read more...

Smartphone sales jump 25.2 percent

Smartphone sales jump 25.2 percent 

Smartphone sales improved sharply in the third quarter, a report said on Wednesday.

Worldwide smartphone shipments jumped 25,2 percent in the third quarter of 2014 compared with the same period of the previous year, the International Data Corporation reported. Vendor shipments jumped to 327.6 million units from 261.7 million units shipped for the same period in the previous year. Shipments... Add a comment

Read more...

Used oil from Chinese kitchens to power aircrafts

Used oil from Chinese kitchens to power aircraftsA plant to turn used cooking oil, or 'gutter oil' into sustainable aviation biofuel has been opened by China's Commercial Aircraft Corp. and U. S. Company Boeing in Hangzhou, China Boeing confirmed on Wednesday October 22.

The aviation biofuel pilot project is developed by Chinese Hangzhou Energy & Engineering Technology Co., Ltd. to clean contaminants from waste oils and convert it into jet... Add a comment

Read more...

Emaar marks global launch of new five-star serviced apartment complex in Turkey

Emaar marks global launch of new five-star serviced apartment complex in TurkeyPart of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Residences brand in the international market.

Emaar Turkey, the wholly-owned subsidiary of Dubai-based Emaar Properties, has launched The Address Residence In Istanbul, a collection of five star serviced residences in the capital.

Part of the Emaar Square... Add a comment

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India diversifies into Africa with new energy deals

India diversifies into Africa with new energy dealsIndia and Mozambique signed a cooperation deal in the field of oil and gas for a period of five years, according to Indian government's statement Wednesday.

"Offshore gas discoveries in 2010 in two adjacent offshore blocks have seen the emergence of Mozambique as a significant hydrocarbon rich nation," the Indian government's official statement read. 

"Mozambique is strategically located... Add a comment

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US economy beats expectations but jobless claims rise

US economy beats expectations but jobless claims riseThe U.S. economy exceeded third quarter expectations, growing at 3.5 percent as unemployment claims rose slightly, the Commerce Department said Thursday.

The preliminary figures issued by the Bureau of Economic Analysis showed consumer spending grew at a respectable 1.8 percent annual rate, slightly less than the 2.5 percent bump in the previous quarter.

Exports continued to stay strong... Add a comment

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Moody's: Rousseff re-election looms over Brazil economy

Moody's: Rousseff re-election looms over Brazil economyThe narrow re-election of Dilma Rousseff as Brazil’s new president is likely to have notable effects on the country’s economic course, credit rating agency Moody’s said Thursday.

Her re-election "poses potentially significant challenges to policy formulation over the next four years because it has highlighted the polarization of the country's electorate between those calling for policy... Add a comment

Read more...

Quarterly loss puts Samsung on track for worst year since 2011

Quarterly loss puts Samsung on track for worst year since 2011Samsung announced Thursday that net profits fell 49 percent for the quarter ending in September.

The third quarter numbers put the company on track to have its worst year since 2011.

Samsung is still the global leader in smartphones, but has lost market share throughout 2014, a trend that continued in the fiscal quarter that ran July to September.

In the premium market, Apple leaps ahead... Add a comment

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