Due to stock market corrections, UBS announced that they are adjusting their portfolio Asset allocation strategists from UBS are saying that they are increasing their 'overweight' stance when it comes to equities.
Industry
ECB Executive Warns Risk of Delayed Recovery and Lost Decade
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.
Dwight Howard's Move To Houston A Boon For Comcast
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.
Stocks, Dollar Rally, U.S. Yields Leap On Jobs Data
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.
World Bank: Brazil, Egypt, Turkey Unrest a Wakeup Call
The protests in Brazil, Egypt and Turkey should push governments around the world to provide crucial public services and opportunities to their citizens.
Latest News
Egypt stocks soar and debt insurance cost plummet after ousting of President Mursi After the military ousting of President Mohamed Mursi, Egyptian share soared 6% and debt insurance costs plummeted.
Cash crunch in China does not signify banking crisis According to experts, China's financial system is on a healthier trend. The recent cash crunch experienced by the country did not signal any systematic risk.
Softbank joins the US wireless market after FCC approval for Sprint bid. Softbank Corp is now in the running to provide American with wireless and broadband telecommunication services.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Italy's biggest bank UniCredit may consider a partnership for its business that manages 42 billion euros ($54.
Accoriding to an ammendment, Amarc can increase controlling interest in the joint venture. An amendment to the ZNT and Galaxie joint venture was announced by Amarc Resources Ltd.
A group of wheat growing states joined the US Justice Department antitrust division in investigating a proposed joint venture by ConAgra Foods Inc and Horizon Milling.
The International Monetary Fund approved Pakistan's US$5.3 billion loan to help the nation stabilize its struggling economy.
The European Union and China hope to defuse conflicts by negotiating about a solar panel deal. On Friday, the European Union and China were finally moving in the direction of a new contract.
CNOOC announced that they have signed a PSC with PetroBroad Copower CNOOC Limited announced that the China National Offshore Oil Corporation (CNOOC), its parent company, has signed a PSC or a production sharing contract with PetroBroad Copower Limited (PetroBroad Copower) to do work for Block 28/03 in Pearl River Mouth Basin.
