Investors have now raised their longer-dated Treasuries after Bernanke appeased their worries. After Federal Reserve Chairman Ben Bernanke appeased worries about increasing interest rates, investors have now raised their holdings of long-dated Treasuries.
Industry
Economists see China easing monetary policies
China may ease up on its monetary policies soon, says watchers. The eyes of economists keen on Asian markets are now focusing intently on what China is going to do next after the government earlier announced fiscal stimulus measures to fire up its weakened economy.
Tequila industry expects to benefit with today's National Tequila Day
The tequila industry expected to record sales due to National Tequila Day, a vital holiday being celebrated today.
UK Asset Resolution sells Northern Rock loan portfolio for $615 million
UK Asset Resolution, dubbed as Britain's "bad bank" has agreed to sell the Northern Rock loan portfolio for US$615 million.
TRIG raises GBP300 million in IPO
The Renewables Infrastructure Group Ltd. raised US$460million or GBP300 million in concluded IPO. The Renewables Infrastructure Group Ltd. (TRIG), announced that they were able to raise GBP300 million or US$460million.
Latest News
The dollar has risen after a month-long slump but the journey upwards is not going to be smooth. From a low of 82. 047 on Monday, the dollar index, DXY has risen to 82.
Companies such as Apple and Google work around out of date tax rules to gain access to less painful taxes.
Apple reported an increase in sales after analysts predicted a decline today. Despite a general negative outlook on Apple's future performance, Apple Inc.
Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.
According to analysts, the election results in Japan might be the catalyst it needs to gain economic momentum.
In a statement said by Prime Minister Shinzo Abe, he vowed to bring back Japan's economic status.
The currency of Israel depreciated by almost US$0.6 last week. Despite rampant divestments and impending economic boycotts adding to the problems of the conflicted Israel, the currency stayed strong.
Despite an Israeli minister's denial of an economic boycott, an Israeli newspaper said that "an economic tsunami" is heading to the country.
BAIC Group stated that it is planning to buy assets from Fisker Automotive Inc. to enhance its own electric vehicle development.
