US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.
Industry
Detroit lawyers filed bankruptcy protection
Detroit attorneys filed their case in the US Bankruptcy Court in Detroit last Friday for the city's request for bankruptcy protection.
India's faith in central bank governer Rajan was too much- James Saft
Reuters columnist James Saft wrote in his latest column that a reform change, and not a new central bank governor, could help the falling rupee and the Indian economy.
Uncertainty lingers as Fed officials weigh cutting QE3
Two top US Federal Reserve officials said last Wednesday that they were open-minded in implementing the proposed stimulus reduction this month.
US junk bond sales surge
The sale of speculative-grade bonds surged in the US this year. The sales of junk bonds in the US surged this year. Investors bought the bonds as it had been giving better returns than investment-grade securities for seven straight months.
Latest News
In an The Group of Twenty Finance Ministers and Central Bank Governors's (G20), attendees would be seeing a show of power and influence between US President Barack Obama and Russian President Vladimir Putin arguing on how to act on the crisis in Syria.
In an interview, Gabriele Galateri, Telecom Italia's director, sees the need for the consolidation of the European telecommunications industry.
Anthony Weiner, the NYC mayoralty candidate, got into a heated verbal exchange with a member of the Jewish community.
A PriceWaterhouseCoopers and the National Venture Capital Association news report said that venture capital in life sciences companies rose to 26% compared to last year.
The fallout from the Snowden reports indicate the National Security Agency has the capacity to intrude into any system.
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
