Ben S. Bernanke's, Federal Reserve Chairman, statement continued to rattle markets. Investors pulled out around US$60 billion.
Industry
ECB lowers interest rates, businesses grow
Global shares increased as the ECB lowered interest rates. (Photo : Reuters)This is the logo of the European Central Bank. The European Central Bank made it easier for private equity firms and ventures to invest in the region as it lowered its refinancing interest rate.
Study by Standard & Poor's finds corporate debt owners
A study conducted by S&P found that BBB- and higher investment grade companies own majority of debt.
Carney Risks Disappointment as Bank of England Resists More Quantitative Easing
The Monetary Policy Committee would keep the quantitative easing and benchmark interest rate unaltered as the new governor tries to drive UK away from financial problems.
Voestalpine Hires Mildex and Seimens To Build Texas Plant
Voestalpine hired Seimens and Mildex to build Texas plant for $713.5 million (Photo : Reuters)Voestalpine awarded a $713. 5 million to Siemens and Midrex to build Texas plant Voestalpine, the international steel company based in Linz, Austria, awarded a $713.
Latest News
Angle Energy Inc is looking into putting itself on the market. (Photo : Reuters)Angle says that it may put itself on the market Angle Energy Inc said that it may put itself on the market.
Chinese firms advanced after its stocks rose following the rally of consumer discretionary companies, property developers and coal producers.
GSK under scrutiny from China's NDRC. (Photo : Reuters)GSK under probe in China The National Development and Reform Commission or NDRC began a survey concerning production costs of over 60 firms situated in China.
Fellow billionaire, Andre Esteves affected with Eike Batista's reversal of fortune (Photo : Reuters)Eike Batista's reversal of fortune affects fellow billionaire Andre Esteves Brazilian billionaire Andre Esteves is now feeling the effects of Eike Batista's reversal of fortune.
Billionaire Eike Batista pledged $1Billion of his personal wealth for BNDES Loan (Photo : Reuters)Billionaire Eike Batista pledged his personal wealth for BNDES Loan.
Bank of America expected to face Texas lawsuit and its corresponding fees (Photo : Reuters)Bank of America expected to face property fee suit filed Nueces County, Texas Bank of America Corp.
The Iraqi government may get funding from Citigroup for a proposed oil pipeline that will run through Jordan
Ranhill Energy of Malaysia launched bookbuilding for proposed IPO set for late July 2013 (Photo : Reuters)Malaysia's Ranhill Energy and Resources Bhd launched details for proposed IPO Ranhill Energy and Resources Bhd, the Malaysian energy and water company launched the bookbuilding for its proposed initial public offer of US$240 million in Malaysia.
Federal Communications Commission members approves Sprint-Clearwire-Softbank deal. (Photo : Reuters)FCC gives a green light for the Sprint-Clearwire-Softbank deal The FCC gave the Sprint Nextel-Soft deal the green light as they collected the final vote for the approval of the merger.
