Search Results for: US economy
Election results boost India stocks to another record high
May 16th, 2014
India’s benchmark index surged to a record high Friday after initial election results suggested a sweeping victory for Narendra Modi and the pro-business Bharatiya Janata Party. Investors reacted to the news with marked enthusiasm, sending Mumbai’s Sensex index up ...
Credit Suisse Said Close to Guilty Plea, $2.5 Billion Accord With U.S.
May 16th, 2014
Credit Suisse Group AG (CSGN) is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar ...
Demand for Venture Capital Outstripping the Supply
May 15th, 2014
Fewer entrepreneurs expect to be able to tap traditional venture capital funds in 2014, but corporate venture money may help fill the gap. As talk of a tech bubble spreads, a handful of tech stocks have pulled back in ...
France vetoes foreign investment
May 15th, 2014
The French government is broadening its authority to intervene when foreign companies want to buy firms the state considers vital, including in the sectors of transport, health and communications. The order released Thursday goes into effect immediately, potentially giving ...
Europe grew faster than U.S.
May 15th, 2014
European economic growth was weaker than expected in the first three months of 2014, but still managed to outpace the U.S. for the first time in three years. Gross domestic product across the 18 countries in the eurozone grew ...
Tax Reform Is Not a Fantasy
May 15th, 2014
U.S. companies are stockpiling a record amount of foreign earned profits abroad, roughly $2.1 trillion. The amount of cash held overseas by U.S. multinationals is up 93 percent since 2008. And Uncle Sam receives a near-zero return on foreign ...
Reserve Bank of N.Zealand: Financial system sound, but risks remain
May 14th, 2014
Reserve Bank Governor Graeme Wheeler said today when releasing the Bank’s May Financial Stability Report that New Zealand’s financial system remains sound, and well placed to support the expansion in the economy. However, Mr Wheeler warned several risks to the ...
American Shoppers Take Breather After March Retail Sales Surge
May 13th, 2014
American consumers took a respite from going to malls and restaurants as retail sales climbed less than forecast in April after the strongest gain in four years. The 0.1 percent increase followed a revised 1.5 percent surge in March ...
London’s Latest Boom Is in Billionaires
May 13th, 2014
Tucked into the U.K, the world’s seventh-richest country with an annual GDP of about $2.5 trillion, is an island of rich people with its own subculture, customs, habits and proclivities. London now has more billionaires than any other city ...
Election optimism boosts India stocks to record high
May 13th, 2014
India’s benchmark index surged to a record high Tuesday after exit polls indicated that voters will deliver a mandate to Narendra Modi and the pro-business Bharatiya Janata Party. Mumbai’s Sensex index advanced more than 1.5% in early trading as ...
