Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
Sovereign wealth funds
Refinancing plan to cut AquaSure's borrowing costs- source
AquaSure's planned refinance was slated to cut its borrowing costs by more than half, according to a source interviewed by Bloomberg.
JPMorgan Chase & Co, Gates Foundation form Global Health Investment Fund
JPMorgan Chase & Co and the Bill & Melinda Gates Foundation formed the Global Health Investment Fund to combat deadly diseases in developing countries.
Philippines is ready for Federal Reserve's stimulus reduction
According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
Chinese domestic milk producers get state subsidy
A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.
Latest News
Claiming survival of the local industry, the All India Plastics Manufacturers Association has written to the Indian Finance Minister to revise the import duties on plastics.
European policymakers were in for disappointment no matter what the outcome of the election would be, a Reuters analysis showed.
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.
The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.
The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.
Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
