Decade-long mismanagement led to Detroit's downfall - Analysts

Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.


Stock markets expect month-long rally due to Ramadan Effect

The holy month of Muslim was expected to bring nine times higher stock returns in predominantly Muslim states.

India's ASK Group sets up fund worth US$200 million

India's ASK Group stated it is launching a US$200 million fund that is to be invested in the country's top five cities.

Detroit Chapter 9 filing a rare occurrence

According to financial analysts, the filing of the city of Detroit for Chapter 9 bankruptcy protection does not usually occur.


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