The US and European governments won't be able to make any significant cut back on its deficits, according to investors.
Industry
UBS, Credit Suisse Debt Still Too High According to Swiss Central Bank
On Thursday, the Swiss National Bank announced that Credit Suisse and UBS must cut their debt levels that still top international rivals.
Sources: Rockwood Pulls Asset Sale on Low Offers
Rockwood Holdings Inc. cancelled a planned auction combination of its titanium dioxide and performance additives units.
Asia-Pacific stock markets expect nosedives
Stock markets from Asia and Australia prepared for a decline after the United States began to withdraw stimulus.
Swedish banks' capital strength riskier than expected
Swedish big banks' capital strength are more vulnerable to risk than what appears on paper. (Photo : Reuters)The image is the face of a Swedish kronor bill.
Latest News
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.
Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.
Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
Investors used the mid-year point to review fund portfolios making requests to pull out cash from hedge funds increase in June.
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.
Stockholders at Trio Merger approved merger with SAExploration during the special meeting held today by the company.
Jefferies & Co backed billionaire Carl Icahn's bid for the computer maker Dell Inc. with US$5.2 billion loan.
SBI chairman Pratin Chaudhuri said that the State Bank of India needed Rs3000 crore to merge with one of its associates banks.
