The fallout from the Snowden reports indicate the National Security Agency has the capacity to intrude into any system.
Industry
Pimco's Total Return Fund loses USD 41 billion in four months- Morningstar
Morningstar reported Pimpco's Total Return Fund took a USD 41 billion hit in the last four months.
US jobs and service sector data suggest Fed could slow down soon
US jobs and service sector data indicated Thursday that the US Federal Reserve would be slowing its bond buying program down soon.
US-Russia showdown on Syrian crisis may overshadow G20 economic talks
In an The Group of Twenty Finance Ministers and Central Bank Governors's (G20), attendees would be seeing a show of power and influence between US President Barack Obama and Russian President Vladimir Putin arguing on how to act on the crisis in Syria.
Telecom Italia Director advises consolidation for European telecoms market
In an interview, Gabriele Galateri, Telecom Italia's director, sees the need for the consolidation of the European telecommunications industry.
Latest News
Brazil, Russia, India, China and South Africa have all agreed to create a USD100 billion fund as buffer for financial shocks.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013. There is a continuous decline in the outflows from US municipal bonds, with numbers dropping below USD1.
According to the Latin American Venture Capital Association, there has been a 100% increase in value and volume for the market for the first half of 2013.
Indonesia said it planned to relax the rule that forced foreign mining firms operating in the country to own no more than 49% of their stake in the mines within ten years after production has started.
Indonesia has been losing its attraction as a private equity goldmine due to increased competition, shifting government regulations and high valuation prices.
The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
According to activist hedge fund Starboard Value, there had been several investors who were willing to pay more for Smithfield Foods than the offered price of China's Shuanghui International Holdings.
The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.
