STAMFORD, Conn., Feb 10, 2015 – Starwood Hotels & Resorts Worldwide, Inc. HOT, +6.28% today announced plans to spin-off its vacation ownership business, Starwood Vacation Ownership (“SVO”), into a separate publicly traded company. In addition to accelerating Starwood’s ongoing ‘Asset Light’
China and Asia are expected to lead the growth of exchange-traded fund markets in the next five years as the ETF markets continue to open amid an improving regulatory environment, a report said yesterday.
China’s central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserve banks must hold, by 50 basis points from Feb. 5.
For speculative traders, the last few weeks have offered wonderful trading opportunities across all markets, and provided you have no directional bias, the opportunities are there in abundance.
The bank’s biannual Global Economic Prospects report estimates China’s GDP growth to slow to 7.1 percent this year from 7.4 percent in 2014, with the downtrend set to continue till 2017 with 6.9 percent growth.
The United States on Monday insisted on blaming the Democratic People’s Republic of Korea ( DPRK) for a cyber attack on the U.S.-based Sony Pictures Entertainment, demanding Pyongyang compensate for the damages caused.
Mohit Jayachandran is breathing a sigh of relief. The 30-year-old engineer with Fluor Daniel, a multinational engineering and project management company in Gurgaon, near India’s capital New Delhi, says he will be having a decent end-of-year vacation this time, after a long year.
Sina Weibo has banned users from promoting the country’s most popular messaging app WeChat on its platform as the two Internet giants battle for users.
USDJPY’s upward movement from 101.06 extended to as high as 118.97.
Brent crude oil (BNO, quote) was steady above $78 on Thursday as markets prepared for a busy day of economic releases. The commodity traded at $78.06 at 7:45 GMT as investors kept their focus on OPEC’s upcoming meeting and whether or not the cartel would cut output.
