A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
Industry
August sees increase of US Consumer Confidence- survey
The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.
Figures point to economic recovery, Fed still likely to ease bond purchases next month- economist
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
Pentagon says foreign investment still encouraged in the US
Pentagon said it still wanted foreign companies to do business in the US, but takeovers must not put national security at risk.
August busiest for European buyouts
Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
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Two more operators join the 4G race in Britain as it jumps into the superfast mobile top division. Britain is preparing to launch itself into the superfast mobile top division as two more operators launch 4G services.
Six US banks led by JP Morgan Chase & Co. and Bank of America Corp. had piled up a total of USD103 billion in legal costs.
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
The National Dog Day was founded to encourage the adoption of shelter strays as pets. August 26 is National Dog Day. This celebration started back in 2004 in recognition of the high number of shelter pets that seek a good home.
Venus and Serena Williams led wins in the first day of the US Open, reminiscent of their success in previous years.
Mongolia would be replacing its 2012 law that puts limits on foreign ownership with a new measure that is more investor-friendly.
Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
