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.
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OGX declared worst performing stock
OGX and its billionaire owner Eike Batista is recognized as the world's worst performing stock.
NVCA Reports Strong 2nd Quarter for Venture Backed IPOs
Compared to the first quarter, 21 IPOs were backed by venture capitalists amounting to US$717 billion.
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Monday The following bids, mergers, acquisitions and disposals were reported on Monday: - Chinese state oil firm CNPC will buy a stake in Kazakhstan's giant Kashagan oil project, through back-to-back deals with Kazmunaigaz through which ConocoPhillips will exit, the Kazakh state oil firm said on Monday.
Shares around the world rise as yen falls
Global shares gained after the metal industry and the yen weakened. (Photo : Reuters)This is the facade of the Bank of Japan. Global shares increased as the metal industry weakened.
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Outflows continue in record breaking fashion, as a total of $23 billion, the biggest since 1992, was reported.
Europe, Middle East, and Africa all experienced a generally flat syndicated lending volume. (Photo : Reuters)The European Central Bank is expected to print money to prevent a further escalation of the euro zone's debt crisis.
Senior vice minister Nishimura said that Japan needs a plan to boost growth. (Photo : Reuters)The image is a stack of Japanese yen. Yasutoshi Nishimura, senior vice minister for fiscal policy and economics, said that Japan must embrace new and solid growth measures to help the economy endure an upcoming consumption tax increase and other red ink reduction efforts.
Confidurista said that Italy's economy will decline further. (Photo : Reuters)The image is the Italian flag with the Parliament at the backdrop. Further contraction is expected for the economy of Italy.
Ireland's economy is still in recession as the end of bailout approaches. (Photo : Reuters)Ths is the flag of Ireland. The Irish economy dipped into a state of recession during the last quarter of 2012 and proceeded to contract until early this year, according to the new and revised figures posted on Thursday.
Tax havens like the British Virgin Islands gained massive amounts of investments while Belgium and most Euro zone markets failed.
Gundlach said that now is the time to buy riskier bonds as the bond market selloff is near to end. (Photo : Reuters)This is DoubleLine Capital's head Jeffrey Gundlach.
Boston Scientific expands with a new prospect, Bard's electrophysiology unit, worth US$275 million.
Bangladesh is expecting more foreign investments especially from India. (Photo : Reuters)These are Bangladeshi workers. The country of Bangladesh expects a rush of investments coming from neighboring India.
