The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
Industry
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.
Weiner goes verbal sparring with Jewish man
Anthony Weiner, the NYC mayoralty candidate, got into a heated verbal exchange with a member of the Jewish community.
Venture Capital funding in life sciences up 26% in 2013 second quarter
A PriceWaterhouseCoopers and the National Venture Capital Association news report said that venture capital in life sciences companies rose to 26% compared to last year.
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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.
OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.
CBS Corp and Time Warner Cable had reached an agreement to end a month long cable blackout of some shows in New York, Dallas and Los Angeles.
