China 1: Uber 0

Uber has announced its exit from the Chinese taxi market by merging with arch-rival Didi Chuxing in a US$35 billion deal. Uber is selling its operations to Didi, with Uber China investors receiving a 20% stake in Didi, according to reports.

External and Internal R&D would Benefit Pakistani and Indian SMEs

Small and medium-sized enterprises (SMEs) play a vital role in the economic growth of a country. Specifically, in developing countries where poverty, unemployment, low income per capita, low literacy rate, and high inflation and interest rates can hinder economic growth, SMEs contribute significantly to the national income and provide employment opportunities (Moktan 2007).

Updating my Status to Homebuyer

People interact with their family, friends and coworkers on a daily basis, both through online social networks and in real life. The effects of such social interactions on economic and financial decision-making, however, are not well understood.

Do such interactions influence people’s assessment of the attractiveness of investments such as houses or stocks, and is this reflected in actual investment behavior? In addition, can social interactions influence market-level trading volume and asset prices?

East Asian Pop Culture Softens and Reaches a Larger Market

Descendants of the Sun, a South Korean TV drama featuring a romance between a soldier and a surgeon in a fictional war-torn nation, is reigniting K-drama fever across Asia. In China alone, where the program is simultaneously broadcast online, it has drawn more than 2.4 billion views on video-streaming website iQIYI since it began airing in late February.

September Oil is Losing a Technical Battle

Today's 2.5% fall in the September light sweet crude oil futures contract extends the decline that began on June 9.  It is the third consecutive loss and the fifth loss in the past six sessions.  There are two important points to make that this Great Graphic from Bloomberg helps illustrates.

Could there have been Oil and Dinosaurs?

What killed the dinosaurs? It's a question as old as – well the dinosaurs themselves, and one that everyone from schoolchildren to scientists have been asking for decades. Movies like Jurassic Park and the Land Before Time only heighten that sense of wonder and raise the stakes behind that question. Now according to a new scientific study, it seems that black gold may have been the source of the dinos' demise.