U.S. consumer prices went up as predicted in July. U. S. consumer prices went up as predicted in July. This increase may console officials of the Federal Reserve program who have been worried about low inflation while they evaluate process on cutting down massive bond buying schemes.
Sectors
Bank of England robust job data raises doubts on rates
The Bank of England's record low interest rates were doubted after an unexpected dissent from its policymaker and its robust jobs data.
China launches new pharmaceutical bribery probe
China launched a fresh three-month slate to intensify its probe against rampant bribery in the medical services and pharmaceutical sectors in the country, according to the official Xinhua news agency.
Gap and Urban Outfitters record top retailer earnings
Gap and Urban Outfitters showed top earnings in retail apparel. Top 2 apparel retail companies are set to report earnings as the back-to-school season starts next week.
General Electric launches renewable energy program in Estonia
General Electric pursued its renewable energy program in Estonia after abandoning a solar plant project in the United States.
Latest News
Greek politicians are coming to a head on the issue of home foreclosure auctions. Greece would be lifting its restrictions on the implementation of home foreclosures in order to give banks the leeway to recover its bad loans.
Cheraman Financial Services announced today a proposed plan of funding different infrastructure projects in Kerala.
Raifeisen Bank International CEO said financial investors would prop up its capital requirements. Raiffeisen Bank International, one of Austria's foremost banks, has said that part of its capital requirements would be met by financial investors.
In accordance with the new free trade zones, China planned to simply its legislation to attract foreign strategic and financial investors.
ShopRunner added to Alibaba's recent purchases made to help in the former's IPO. Recently, ShopRunner a private shipping company owned by Michael Rubin, sold minority stakes to Chinese e-commerce company Alibaba Group.
US anti-trust regulators filed a lawsuit against US Airways and American Airlines' USD11 billion merger saying that the deal would only result to higher air fares, service reduction and a strangled competition in the industry.
BBlackstone entered into talks with Goldman Sachs to purchase a minor stake in pensions and insurance company Rothesay Life.
Last Wednesday, North and South Korea said through a joint statement that it would reopen the Kaesong industrial zone to attract foreign investors.
China announced its plans of easing laws for foreign investors in its free trade zones. China has planned to ease laws on foreign investment in the country's new free trade zones.
