The Federal Reserve said it will be trimming its monthly bond purchases to $75 billion from $85 billion in its first move to start tapering, Bloomberg reported.
Industry
Venture capital investors and venture-backed CEOs are feeling optimistic about 2014 according to survey
Venture capital investors and startup CEOs are feeling optimistic and confident about the venture ecosystem next year, according to a survey from National Venture Capital Association and Dow Jone VentureSource.
Brazil IT investments to increase 6pct in 2014 -study
Tech investment in Brazil is set to grow by 6% and investments for IT training will almost double in 2014, according to a recent survey among 1,000 decision makers in large and medium enterprises.
More state-owned firms may be sold off in China -official
More state-owned companies in China may be sold off as private entities in a bid to improve economic, according to a Chinese official affiliated with the agency that controls the country's largest state firms.
Bloomberg report says Jack Ma, Zhang Jindong poised to shake up China's wireless market
A Bloomberg report said Jack Ma and Zhang Jindong may be allowed to create phone companies in China with the possible issuance of their licenses this month.
Latest News
A report by Grant Thornton, an American accounting and advisory firm, said that Indian corporations closed as many as 393 private equity deals totaling $9.67 billion in the past 11 months of the year.
This year is set to be a banner year for ecommerce as online sales for Thanksgiving weekend increased 22% from last year. Meanwhile, retail sales fall.
The Reserve Bank of India recently announced that multinational companies can hike their stakes in Indian arms without its approval. Many MNCs are now looking to increase their stakes, go for a merger or de-list their local units.
Moody's says the outlook for the Australian infrastructure sector is stable, underpinned by a resilient economy.
Bondholders and large depositors in a failing bank face taking losses from the start of 2016, European Union negotiators have agreed, a European Parliament lawmaker said on Wednesday.
Hours after announcing the departure of chief executive Dan Akerson, the Holden unit of General Motors Co announced its decision to halt its auto making operations in Australia by 2017.
A capital gains tax set to take effect in April 2015 which would be levied on the homes sold to people living abroad could diminish the status of London as a property magnet for foreign investors, Bloomberg reported.
Bitcoin has fueled a rise in cyberattacks where computers and data are held hostage until the owner pays the ransom in the digital currency, according to a report.
Brazil-based car parts supplier Autometal is looking for acquisition deals with midsize competitors as global car manufacturers are planning production in the South American country.
