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.
Industry
Like MTS, Megafon seeking to expand into banking services
Megafon is discussing with small lending institutions as to the eventual integration of banking services with its telecommunications services.
US private equity firms' newest playground is in Africa - report
Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
Investors in the Saudi Arabian industry have pulled out from the business
Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.
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.
Latest News
The opening of trading at the Hong Kong Exchanges and Clearing Ltd. were delayed due to Typhoon Usagi and would resume trading in the afternoon.
New Treasuries demand showed a solid improvement following the retreat of Wall Street dealers and rising yields.
According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
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.
