UK Prime Minister David Cameron flaunted his new housing plan at the start of his campaign for the 2015 elections last Sunday, said a Reuters report.
Sectors
CSRC ends 18-year Treasury bond futures trading hiatus
China Securities Regulatory Commission had ended an 18-year trading hiatus on Treasury bond futures, said a Bloomberg report.
Europe IPO market booming compared to US
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
Intesa names new CEO after Cucchiani resigned
Intesa Sanpaolo named its new CEO after the resignation of Enrico Tommaso Cucchiani, according to a Bloomberg report.
AXA Private Equity spins off from AXA
In a move to provide a tax gain as well as capital gain, AXA spins off AXA PE, ceding majority control to an employee ownership group.
Latest News
A new era of rigid fiscal scrutiny would be imposed by the European Commission to prevent repeated occurrences of financial turmoil and to aid the region's debt crisis.
After the Federal Reserve announced a halt on its proposed bond buying reduction program, the worldwide tension over the US monetary policy had also subsided, said a Reuters report.
Acquisition of previously owned homes had slumped in August while claims for jobless benefits became lesser last week which showed a contradicting signal regarding the health of the US economy.
According to four top US Federal Reserve officials, the central bank had confused financial markets after announcing a reduced monthly bond buying pace.
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.
Al-Futtain formalizes its agreement with the Oman Tourism Development Company and the Omani National Investment Funds Company for the new mall in Muscat.
According to Egypt's central bank governor, the country had received USD7 billion of Gulf aid out of the USD12 billion pledges from Gulf countries.
