Industry

US resale home levels increase in July

Sale of existing homes in the United States increased in the month of July, suggesting housing market recovery.


Sergei Shvetsov heads new Russian "mega-regulator"

Sergei Shvetsov was named as the head of a new Russian "mega-regulator" to oversee the country's financial markets.

Chinese banks reduce loans to development projects in smaller cities: economist

A state think-tank said Chinese banks have reduced loans on property developments in smaller cities because of the glut in unsold homes there.

Facebook unveils new project

Facebook Inc unveiled new project, Internet.org to provide online access to more people around the world.


Latest News

Cairn Energy said its planned explorations in Northwest Africa and Ireland yielded up to 25% chance of success compared to its exploratory project in Greenland.
The British government's 'Help to Buy' program increased Persimmon's spring sales.
Australian manufacturers underwent change in level of operations. The manufacturing industry was far from dead in the country down under. The face of the Australian manufacturing sector has been deemed not dead, just changing.
As Manila is flooded due to nonstop rains brought by the monsoon weather, large and small-scale businesses are left to deal with its aftermath.
Bayer Healthcare said it received approval to market its cancer treatment Stivarga in Japan. Bayer Healthcare announced it had received regulatory approval to market its cancer drug Stivarga in Japan.
Fiat announced the renewal of its cooperation agreement with Brazilian bank Itau Unibanco. Fiat (acronym for Fabbrica Italiana Automobili Torino) renewed its commercial cooperation agreement with Itau Unibanco.
With the first official Royal Family photos out, industry observers believed that the arrival and continuous media exposure of Prince George Alexander Louis of Cambridge will help boost the UK economy, especially small and medium-sized enterprises (SMEs).
Private equity firms in China scrutinized on competency for international ventures. China's private equity firms are catching the attention of the financial industry.
The US Federal Reserve conducted a study and saw 18 of the largest banks in the country to be weak in one capital area.
On Monday, the 2nd US Circuit Court of Appeals in New York announced that investors may revive a lawsuit against Barclays PLC.