According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
Industry
Moody's upgrades GM debt
GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.
Euler Hermes predicts growth in UAE
Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.
PE firms in China clamor to sell matured assets
In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.
Homebuilding approvals increase 49% in UK
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
Latest News
RBI had increased its short term policy repo rate to 7.5% from 7.25%, a move which could have stock markets remain volatile.
A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.
India's private equity deals earned USD924 million for August 2013. Nearly 36 private equity deals with a volume of USD924 million were completed in August.
A waging battle on budget between Democrats and Republics was held last October 1 that was seen to threaten a government shutdown.
With plans to reach 10,000 companies by 2015, The Dubai Multi Commodities Centre had become the largest free zone in the United Arab Emirates.
The US Federal Reserve might be more comfortable in implementing its stimulus reduction as increasing rents and healthcare costs had shown some stability in underlying inflation.
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
