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.
Sectors
Asian Currencies Expected To Rise In The Next 12 Months
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.
NY DFS to Foreign Reinsurers: Are You Linked to Iran?
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 Gain in STOXX 600 index
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 Spins Off Recall Holdings
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).
Latest News
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.
Last Friday, US stocks jumped by 1% while the dollar rallied and Treasury debt prices decreased. On Friday, US stocks leaped 1% while the dollar rallied and Treasury debt prices decreased.
South Korea is temporarily suspending $7.3 billion fighter jet bidding South Korea announced that they are temporarily suspending the US$7. 3 fighter jet bidding initiated by the South Korea's Defense Acquisition Program Administration (DAPA).
The CFTC would be conducting a formal meeting to discuss its new rule on swaps. The US Commodity Futures Trading Commission (CFTC) announced for a formal meeting on July 12 to discuss how new rules apply abroad.
According John Wasik, the past week has been an abject lesson for investors who piled into bond funds this year.
The Swiss Bankers Association (SBA) said last Friday that most of their UK resident clients would rather come clean and pay their taxes instead of paying one-off punitive tax payment.
Steven A. Cohen run SAC Capitol announced strong return of investments for the month of June Hedge fund firm run by billionaire Steven A. Cohen, SAC Capitol Advisors announced that they are seeing a strong return of investments in June despite the global market sell-off.
