The increase in interest rates and decrease in stock price took off the glow in consumer sentiment. In early July, fears regarding increasing interest rates and decreasing share costs dinged US consumer sentiment.
Sectors
Pacific Rim scores Asia, so-so in Australia
Sci-fi flick Pacific Rim reported high numbers on its opening day, especially in Asia. Guillermo del Toro's science fiction movie 'Pacific Rim' joined the three-way race for the number one spot in this week's Hollywood blockbuster ladder.
Oriens: US$30 million merger/acquisition, a future possibility
According to Oriens, a US$30-million merger/acquisition was a future possibility. Oriens Travel & Hotel Management Corp. (OTHM) announced that the FROL Booking Engine exceeded the company's expectations.
China to hand over audit documents - Treasury Secretary
Jack Lew, US Treasury Secretary, confirmed that Chinese regulators will be handing over documents about US listed companies based in China; a move that may dissolve disagreement about several accounting scandals.
European Commission proposes an agency to shut and revamp troubled banks
The European Commission proposed the creation of a new agency that would close and revamp failed banks.
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Gagfah will be offering 40 million shares to raise capital. Gagfah, a German real estate group, announced last Tuesday that it will be offering 40 million shares to raise capital.
Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.
A global blueprint that was supposed to eradicate manipulation of benchmarks was expected to stumble due to patchy implementation.
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
China trade outlook worsens as exporters lose trading confidence. China trade outlook worsens as exporters lose trading confidence. Traders are apprehensive as they face weak external demand, along with rising labour costs and the seen rise of the yuan currency.
Last Monday, the Indian government said that it would give preference over locally made electronics goods for procurement in the government and private sector.
Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
