The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
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US consumer spending increases slightly
Inflation was tame and consumer spending increased for August. At the time when the Federal Reserve is contemplating on whether or not it would cut back on its bond-buying program, there was an ever so slight rise in US consumer spending and a tame inflation performance.
US consumer sentiment fell in August
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
Apple Inc launches trade in program for older iPhone models
The secondary market for earlier smartphone models is growing at an exponential rate. In an announcement last Friday, Apple Inc had launched a trade-in program in its US retail stores for earlier models of its iconic iPhone.
Ironridge Global Partners opens China fund
Ironridge Global Partners LLC establishes China fund to invest in Chinese midcap companies or US firms doing business in China.
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Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
An increasing number of GCC firms have relied on their lawyers for expertise in undertaking IPO transactions.
Investment One Financial Services Ltd purchased the Nigeria International Growth Fund for an undisclosed amount.
The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
propertyfinder.ae CEO and founder said that another property price bubble is in the making in Dubai.
T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.
The Consumer Confidence Index of the US in August increased. The Conference Board, an independent business membership and research group, revealed that consumer confidence in the US increased in August.
