World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
Industry
IPOs Double to U$42 Billion Prior Market Reversal Curbing Sales
Initial public offerings were raised to US$42 billion in the second quarter from the previous US$20 billion made during the first quarter.
Fund Firm’s Boycott Threatens Lloyds Stock Sale
Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
Hypo Alpe's EU deal makes Finance Minister confident
Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.
IMF - Markets overturn since Fed lacks clue on how to end bond purchase
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
Latest News
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
The ECB announced that Cyprus government bonds are ineligible as collateral due to lowered credit rating.
Japan's Government Pension Investment Fund will use its US$1.1 trillion budget to buy properties in major cities
Closed end funds are increasing in number and value, with 24 funds launched having US$10.5 billion in portfolio value.
Many investors are divesting their bond holdings because of current economic conditions. (Photo : Reuters)The image are two bond traders on the floor of a stock exchange.
Chinese fund managers suggested a lower exposure to stocks due to a probable cash squeeze. (Photo : Reuters)The image is a bank teller counting yuan. Fund managers from China lowered their preferred exposure to bonds and stocks this June as concerns regarding the effects of a cash squeeze in the money market were raised.
