Asian stocks were swept up by Europe's rally while Euro continued to sulk. On Friday, Asian stocks increased as Euro tended its losses. This transpired after Europe's two most influential banks assured venture capitalists.
Industry
Chinese firms defend unpopular mega projects
Representatives from several Chinese firms defended their unpopular mega projects in Myanmar. In a press conference held in Rangoon, Myanmar yesterday, the Embassy of China and several representatives of Chinese state-owned companies issued a statement regarding the mega projects being developed in the country.
Firm ownership rules set by RBI
The Reserve Bank of India announced new guidelines regarding the 'ownership' and 'control' of FDIs in the country.
Pakistan PM urges Chinese investors to take a chance
Pakistan's prime minister Nawaz Sharif told Chinese investors to invest in the country's energy sector.
U.S. investment industry units fight over ethics, costs
US investment industry continued to resolve the problems on ethics and costs amidst controversies. An average of US$8 million would be spent by Wall Street's brokerages.
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Developing countries are in a bind with high yield returns for bonds Developing countries are finding themselves in market situations that are leaving them high and dry.
ICI reported to the Federal Reserve a rise in total money market mutual funds The Investment Company Institute (ICI) issued a report for money market mutual funds assets: "Total money market mutual fund assets increased by $12.
Asian currencies are expected to gains some ground within the next 12 months Bangalore currencies are expected to gain some ground against the US dollar despite the downturn in regional economies and low yields.
Last May, the demand for capital goods at home experienced a slide in Germany. The German demand for capital goods at home experienced a slide in May. The decrease was at 1.
Creditors for Rede Energisa gave the Energisa offer the green light Creditors for Grupo Rede Energia SA, a Brazilian power distributor currently seeking to exit a backruptcy protection, approved for a takeover plan initiated by rival company Energisa SA.
Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
European Central Bank executive Benoit Coeure said that there is a risk that the euro zone might experience delay recovery in a few quarters on Friday.
Comcast Houston forecast soaring ratings from Dwight Howard's move to the Houston Rockets Los Angeles Laker Center's Dwight Howard's decision to move for the Houston Rockets signifies a victory for Comcast Corp against Time Warner Cable Inc.
Last Friday, US stocks jumped by 1% while the dollar rallied and Treasury debt prices decreased. On Friday, US stocks leaped 1% while the dollar rallied and Treasury debt prices decreased.
