The increase in interest rates and decrease in stock price took off the glow in consumer sentiment. In early July, fears regarding increasing interest rates and decreasing share costs dinged US consumer sentiment.
Industry
India state agencies address volatility
The US Fed Reserve's stimulus contraction affected the rupee-dollar trading. The Indian investment industry experienced an extremely volatile environment this week.
Source: CFTC close to a deal on cross-border policy
CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
Pacific Rim scores Asia, so-so in Australia
Sci-fi flick Pacific Rim reported high numbers on its opening day, especially in Asia. Guillermo del Toro's science fiction movie 'Pacific Rim' joined the three-way race for the number one spot in this week's Hollywood blockbuster ladder.
Bernanke speech fuels stock market
After the speech of Ben Bernanke, stocks surged. After delivering his anticipated speech last Wednesday, Ben Bernanke seemed to be the extra fuel that the stock market engine needed to go full blast.
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The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
China trade outlook worsens as exporters lose trading confidence. China trade outlook worsens as exporters lose trading confidence. Traders are apprehensive as they face weak external demand, along with rising labour costs and the seen rise of the yuan currency.
Last Monday, the Indian government said that it would give preference over locally made electronics goods for procurement in the government and private sector.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
Bangladesh dubbed as king in the knitwear manufacturing and exporting industry. Bangladesh is dubbed as the hero in the knitwear manufacturing and exporting industry.
Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
UBS gained back the title of largest private bank UBS gained back the title as the world's largest private bank as fresh client funds surged in the previous year.
Hedge funds sees a decline for the first time in eight months Hedge funds recorded their first monthly decline in eight months this June, as they battled volatile stock and bond markets.
