It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.
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Europe better outlook as against the US
Europe's equities have earned better in the past week compared to the US stocks. The mood now for investors is upbeat as it searches for a rebound from the previous week's drubbing on Wall Street and the Dow Jones average.
China to relax investment rules
China's State Council would be reviewing the laws and regulations regarding foreign investments in the country.
U.S. jobless data supports reduction of Fed bond buying
A number of Americans filing jobless claims fell to a near six-year low last week following the increase in consumer prices last July.
Philippine Commission on Audit announces tighter guidelines for public fund release
The Philippine Commission on Audit asked the Department of Budget and Management to issue guidelines for the release of public funds for different local projects.
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Former press mogul Conrad Black was barred from directorships by the US Securities and Exchange Commission and ordered him to pay USD4 million to Chicago Newspaper Liquidation Corp.
The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.
China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.
China’s National Development and Reform Commission or NDRC planned to examine big industries such as petroleum, banking, auto and telecommunications as part of its ongoing investigations on anti-trust violations in the country.
Gap and Urban Outfitters showed top earnings in retail apparel. Top 2 apparel retail companies are set to report earnings as the back-to-school season starts next week.
General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.
German bonds declined on its second week signaling an improved damp demand for the euro region's safest fixed-income assets.
A newspaper reported that German regulator BaFin probed Deutsche Bank over its anti-money laundering control.
Sirius XM Radio recently closed the acquisition deal with Agero Inc. Sirius XM Radio disclosed last Thursday on the company's acquisition of Agero Inc for USD 530 million in cash.
