UN General Assembly President Vuk Jeremic lauded the strong growth posted by the Chinese economy. Vuk Jeremic, the President of the United National General Assembly, told Chinese media that the world's second largest economy was among those that posted the strongest growth globally.
Industry
Ally's ResCap can still be sued even though bankrupt
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
Blackstone Group-Fidelity Investments partnership democratizes hedge funds
The traditionally exclusive and sophisticated hedge fund investing market is now expected to be more open to the public through the partnership of Blackstone Group and Fidelity Investments, Reuters claimed.
Dell Deals with Buyout Uncertainties, Getting More Worried about the Future
Amid dark forecasts on the PC market, especially for the future of Dell, Dell's buyout prospects may be on the rocks as well.
Ligresti's USD333.8M to be seized
Italy's tax police determined that around $333.8 million of Salvatore Ligresti', his daughters' and the company executives' assets will have to be seized.
Latest News
French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
Encrypted email platforms Lavabit and Silent Circle shut their services down after refusing to cooperate with the US government on data surveillance.
Wells Fargo Bank and American Express credit cards have agreed to offer a credit card to the consumer credit market.
In an interview on "The Tonight Show with Jay Leno", President Obama confirmed the presence of a significant al Qaeda threat.
With the purchase of Colomer by Revlon, the growth of the beauty products industry would continue to grow.
Warm weather and sporting victories boosted sales of retailers in the UK this July. Warm weather and sporting victories boosted sales of retailers in the UK.
