The US$2.25 trillion hedge fund industry continued to be hit by June sell-off because of Fed Chairman's remarks.
Sectors
India's FIPB approves 7 FDIs
Seven FDIs were approved by the Indian investment board. Seven Foreign Direct Investments of FDIs were approved by the Foreign Investment Promotion Board of India for ventures in local pharmaceutical firms.
Small Banks Cheer As US Authorities Tough Rules for Wall Street
Small banks cheered as US authorities drafts tough rules for Wall Street. After a vote, the Federal Reserve Bank decided in favor of the US version of global Basel III capital rules.
U.S. investment industry units fight over ethics, costs
US investment industry continued to resolve the problems on ethics and costs amidst controversies. An average of US$8 million would be spent by Wall Street's brokerages.
ICI: bond mutual funds recorded US$28.1 billion outflow
The Investment Company Institute recorded US$28.1 billion withdrawals from bond reserves. Investors in mutual funds headquartered in the United States withdrew US$28.
Latest News
Asian stocks were swept up by Europe's rally while Euro continued to sulk. On Friday, Asian stocks increased as Euro tended its losses. This transpired after Europe's two most influential banks assured venture capitalists.
China's current slow growth put pressure on Singapore's Temasek. Temasek Holdings Pte Ltd. came under pressure to force the review of its exposure to Chinese banks in the wake of China's current financial and economic conditions.
Brazil's benchmark Bovespa stock index increased by 2% after investors picked up Vale and OGX. On Thursday, Brazil's benchmark Bovespa stock index increased by 2%.
Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned. The CEO of Lululemon Athletica Inc. suddenly decided to resign from her position.
Telediffusion de France SAS was selling its French tower for US$5.1 billion. Telediffusion de France SAS' private equity owners were seeking higher than Eur4 billion, which is equivalent to US$5.
Developing countries are in a bind with high yield returns for bonds Developing countries are finding themselves in market situations that are leaving them high and dry.
According to a new accounting rule, pensions were in bad shape. According to a new accounting rule that would take effect next year, US pensions were only 60% funded in 2012.
Michael Wekerle obtained Difference Capital Financial Icc's Convertible Unsecured Subordinated Debentures for US$10.75 million.
ICI reported to the Federal Reserve a rise in total money market mutual funds The Investment Company Institute (ICI) issued a report for money market mutual funds assets: "Total money market mutual fund assets increased by $12.
