Acquisition of previously owned homes had slumped in August while claims for jobless benefits became lesser last week which showed a contradicting signal regarding the health of the US economy.
Industry
India has survived the worst, according to CEO
According to HDFC Asset Management Co CEO Prashant Jain, the nation had already seen the worst of capital outflows.
Nigerian President gives control of power firms to private companies
Nigerian President Goodluck Jonathan handed control of 14 power companies formerly owned by the state to private investors.
Europe IPO market booming compared to US
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
EU switches burden of bank bailouts from taxpayers
The European Union had switched the burden to aid troubled banks from taxpayers to shareholders, big depositors and bondholders, said a Reuters report.
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Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
Critics say the UK Prime Minister's Home to Buy scheme would only push home prices higher than expected.
JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
In an Upstart Business Journal report, Atlas Venture partner Jeff Fagnan endorsed startup investing network AngelList to Boston companies to increase venture capital investments in the area.
The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.
Marek Belka, Poland's Central Bank Governor, had urged local banks to find opportunities through purchase of local rivals that are owned by foreign banks.
The CFTC warned that all buyers must be allowed to participate and operations need to be transparent as required by the Dodd-Frank Act.
