Asian currencies are expected to gains some ground within the next 12 months Bangalore currencies are expected to gain some ground against the US dollar despite the downturn in regional economies and low yields.
Sectors
Lululemon Sued for Fraud Over Sheer Yoga Pants, CEO Exit
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.
TDF Seeks US$5.1 Billion in Sale of French Towers
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.
Emerging Market Borrowers In A Bind Due To High Yield Turns
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.
Pensions in Bad Shape, Says New Accounting Rule
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.
Latest News
NY DFS sent a letter to foreign reinsurers asking if they were linked with Iran. The New York's Department of Financial Services sent a letter, dated June 25, to 20 non-US reinsurers of any business transactions they had with entities linked to Iran.
Goldman Sachs targets further gains in STOXX 600 index. Goldman Sachs targets further gains for the pan-European STOXX 600 index. The Goldman team wrote, "Coming into the year, our expectation was that Europe would be a smaller source of destabilising shocks for the global economy and markets but that, equally, it would not be a source of positive catalysts either.
Australia's Brambles planned to spin off Recall Holdings. Brambles Ltd. has announced a revival of a previous plan to exit Recall Holdings. Recall Holdings, a data management business, would then be listed on the Australian Securities Exchange (ASX).
Last May, the demand for capital goods at home experienced a slide in Germany. The German demand for capital goods at home experienced a slide in May. The decrease was at 1.
Creditors for Rede Energisa gave the Energisa offer the green light Creditors for Grupo Rede Energia SA, a Brazilian power distributor currently seeking to exit a backruptcy protection, approved for a takeover plan initiated by rival company Energisa SA.
Friday last, China announced that it would cut off credit to force consolidation in industries. Last Friday, China announced that it would cut off credit to force consolidation in industries.
European Central Bank executive Benoit Coeure said that there is a risk that the euro zone might experience delay recovery in a few quarters on Friday.
Comcast Houston forecast soaring ratings from Dwight Howard's move to the Houston Rockets Los Angeles Laker Center's Dwight Howard's decision to move for the Houston Rockets signifies a victory for Comcast Corp against Time Warner Cable Inc.
Israel Corp. exercised its rights in TowerJazz, with TowerJazz raising US$22 million in the process.
