Industry
Global markets in anxiety as Fed pulls back purchases
Stock markets fell after a comment by Fed chairman Ben Bernanke stating its plan to pull back monthly purchases of assets.
Nikkei: Japan to Maintain FY2013 Spending Level
Japan planned to limit spending excluding payment of debts for the next two fiscal years. (Photo : Reuters)The image shows a man passing by the electronic board that displays Nikkei shares closing prices.
Fed Frees Money, Asian Markets Buckle Badly
Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
UBS, Credit Suisse Debt Still Too High According to Swiss Central Bank
On Thursday, the Swiss National Bank announced that Credit Suisse and UBS must cut their debt levels that still top international rivals.
Latest News
Swedish big banks' capital strength are more vulnerable to risk than what appears on paper. (Photo : Reuters)The image is the face of a Swedish kronor bill.
Investors are pulling back from placing bets on emerging markets due to risks brought about by China.
Banks from Switzerland are being pressured by European and United States governments to release private information.
The US and European governments won't be able to make any significant cut back on its deficits, according to investors.
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.
Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.
Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.
Investors used the mid-year point to review fund portfolios making requests to pull out cash from hedge funds increase in June.
Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.