Economists view that the housing recovery is hindered by increasing mortgage rates. In August, the purchases of previously owned homes declined from the previous month.
Industry
Certificate of Deposit rate rigging scandal investigation continues with visit to KFIA
The Korean Financial Investment Association was visited by members of the Fair Trade Commission to obtain documents on its probe as to alleged rate fixing for the country's certificate of deposit.
Chinese authorities pushing banks to comply with Basel III
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Shadow banking precursor to another 'Lehman Weekend'
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
Prime Minister says Mongolia to sell Samurai bonds
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Latest News
Jim Yong Kim, World Bank Group President, says that there is still risk present even as China reaches and surpasses its 2013 growth target.
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
Aside from weeks without basic utilities and supplies, the damage caused by the Colorado flashfloods may well reach over USD1 billion.
In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.
Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.
A three day summit was reported to attract a lot of investors into India's renewable energy market.
Aside from the much talked about Bo Xilai trial, China aimed to turn the country into an innovative consumer driven, high income nation.
After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
According to two surveys conducted by Gallup Inc, Americans had been struggling to recover financially even after the US recession was finally announced to have officially ended.
