Industry

China to invest in local projects to lessen dependence on foreign gas and oil

China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.


Colorado flashfloods result in an estimated USD1 billion in damages

Aside from weeks without basic utilities and supplies, the damage caused by the Colorado flashfloods may well reach over USD1 billion.

Obama remembers Lehman Bros collapse and the gains of the US since then

In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.

Germany seeking fast track process for EU banking union

Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.


Latest News

After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
According to two surveys conducted by Gallup Inc, Americans had been struggling to recover financially even after the US recession was finally announced to have officially ended.
Thousands of fast food workers organized protests to demand higher wages after US federal minimum wages were said to be almost always without benefits.
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
US regulators met with the stock exchange operators to talk about backing up the Nasdaq stock quotes processor which malfunctioned last month.
Verizon, US's biggest wireless provider, argued in a US Court of Appeals for the District of Colombia that the 2011 rule on net neutrality violated its First Amendment rights.
A Reuters analysis report revealed that Brazil could fail its primary surplus target for 2014 which could downgrade its credit rating.
California would soon have one of the highest minimum wages in the US at USD 10 an hour. The minimum wage of California was slated to rise to USD 10 per hour in the next three years.
Two Republican lawmakers questioned the time and resources spent by Securities and Exchange Commission in monitoring private equity funds.
A Reuters report said the growing number of equity issuance this year was a sign of positive growth.