Fannie and Freddie are not making much progress The revamp of Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FMCC) was not making much, or any, progress.
Sectors
Communication is key in exit strategy, ECB’s Visco
Visco of ECB stressed the importance of communication in an exit strategy. Ignazio Visco, a member of the European Central Bank Governing Council, stated that central banks needed to work on improving communication when it comes to exiting from an unprecedented monetary policy.
Apple buys Locationary
After reports of Apple's buyout of HopStop.com, another startup was acquired by the tech giant.
"Apple picking", fastest growing street crime in the world
Phone snatching reports have increased in major cities such as London, San Francisco and New York. Increased incidents of phone snatching and thievery in key cities of London, New York and San Francisco prompted the cities' officials to pressure Apple to create a "kill switch".
Brazil's richest loses more than US$30 billion, worth down 74%
Batista's worth went down 74% after losing more than US$30 billion. The richest man in Brazil, Eike Batista, saw his worth go down 74% this year.
Latest News
Japan was a winner when it came to how its stocks performed on the market. Japanese stocks were performing well. In fact, it topped in terms of gains this year in comparison to 24 major developed equity markets.
The Conjuring is set to earn almost US$30 million after a successful first week of showing in the theaters.
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
European government bonds advanced after Fed Chairman subdued issues concerning the US stimulus. Government bonds in Europe rose after US Federal Reserve Chairman Ben S.
Swedbank's rating outlook was raised to stable by S&P. Standard & Poor's Ratings Services (S&P) raised the credit rating outlook of Swedbank AB to stable.
Hutchison Whampoa Limited conducts strategic review for the ParknShop sale. Hutchison Whampoa Limited announced that they are in the midst of conducting a strategic review on the possible sale of its Hong Kong supermarket chain ParknShop.
Premier developer and operator of themed resorts gets US $140 million after a new round of securitization.
Microsoft stocks dropped 11%, the biggest since 2009. Microsoft Corp shares took their biggest plunge in more than 4 years by dropping at an astounding 11%.
Participants of the G20 summit held recently in Moscow expressed concerns regarding US Fed, China, and Japan.
