Investors kept their money in US Treasuries after the steepest two month loss for securities. A total market value of US$317 billion was erased after the steepest two month loss for securities.
Industry
Macquaire Funds Agrees To Puchase Theolia
Macquaire fund agreed to purchase Theolia The Macquaire fund, owned by Australian bank, Macquaire, agreed to purchase Theolia, a French wind power group.
Lloyd's Building Sold To Chinese Insurance Company For US$388 Million
A Chinese Insurance Company bought the Lloyds' building in London for US$388 Million A leading Chinese insurance company agreed to buy the Lloyd's Building in London.
PAL Conducts Preliminary Talks With ANA and Emirates
PAL announced that they are conducting preliminary talks with ANA and Emirates for possible venture San Miguel Corp (SMC) announced that they are conducting preliminary talks with Japan's All Nippon Airways (ANA) regarding a possible partnership for Philippine Airlines (PAL).
Daiwa Seeks To Raise US$1.4 Billion Through Share Sales
Daiwa House Industry aims to raise US$1.4 billion through share issuance Daiwa House Industry, Japan's biggest home builder, aims to raise US$1. 4 billion in share issuance to finance a real estate development push which will help power the property sector.
Latest News
BP PLC and Royal Dutch Shell opted to hold funds for four current investments Royal Dutch Shell and BP PLC halted funds for four separate investments, executives at BP and Royal Dutch Shell said in interviews.
On Sunday, Greek and EU officials said that Greece is likely to reach a deal with foreign lenders regarding its bailout review.
Germany's Bundesbank head says that the ECB cannot solve the current Eurozone crisis. According to Bundesbank Chief Jens Weidmann, the European Central Bank cannot solve the current Euro Zone crisis.
To prevent cross border issues, the European Banking Authority stands to create a database on bankers and key bank functions for sharing between countries.
Deutsche Bank, according to its CFO, needs to change balance sheet to comply with new capital requirements.
The PSE President Hans Sicat says sales record still achievable within the year. According to the Philippine Stock Exchange, the target for record shares sales for 2013 is still achievable.
According to data shown by the US government, higher jobs were created last June that totaled to 195,000 from the previous forecasted of 165,000 job generation.
The interest rates of US are expected to increase within 14 months that should have the world brace for prolonged dollar surge.
The decrease in demands for China was accounted for its slowing economic growth as Asian's coffee premiums remain at multi-month highs.
