A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
Deals
The cost of NSA leaks on cloud computing
One of the first victims of the Snowden affair was the closure of secure email service provider Lavabit.
The story behind the PGA winnings
The PGA tour is not just about winnings, its about charity given to the communities who host them. In the third round of the PGA Championship, Jason Dufner was holding a two shot lead.
India announces indigenous nuclear submarine close to nuclear triad completion
India announced the activation of the atomic reactor of its first nuclear submarine, a first step for the completion of its nuclear triad.
UN General Assembly President lauds strong growth of Chinese economy, underscores role of emerging economies
UN General Assembly President Vuk Jeremic lauded the strong growth posted by the Chinese economy. Vuk Jeremic, the President of the United National General Assembly, told Chinese media that the world's second largest economy was among those that posted the strongest growth globally.
Latest News
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
MorphoSys announced that Celgene will be acquiring a 3.4% equity stake capital in their company through a capital increase.
The reported collaboration between BlackBerry and Silver Lake Partners could help each other grow their individual market share.
ConocoPhillips submitted its application for permits to drill a production well in a new field in the Alaska national reserve.
Caesars Entertainment decided to sell a golf course it owns in Macau for USD 438 million to Pearl Dynasty Investment, formally ending its wait to be issued a casino operating license.
Nova Capital had agreed to purchase five Newell Rubbermaid brands. The specialist accquirer for portfolios in the corporate and private equity markets,Nova Capital, announced its entry into a definitive agreement with the hardware group of Newell Rubbermaid.
Tesco said it has agreed on a joint venture with a state-run company in China. International retailer Tesco Plc agreed on a joint venture with China Resources Enterprise Ltd but will cede control to the state-run firm.
