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News & Updates
April 23, 2013 Foreign Investors Help Fuel U.S. Shale BoomSource: Bloomberg BusinessWeek
China has about twice the estimated shale gas reserves as the U.S., but commercial production has been slow to ramp up on the mainland—because of a combination of challenging geology and an inflexible industry structure. Analysts...
April 23, 2013 Citi Publishes First Ever XBRL Dividend Message Over DTCCSource: Herald Online
Citi, The Depository Trust & Clearing Corporation (DTCC) and XBRL US today announced that Citi has begun sending XBRL-formatted dividend announcements related to ADRs for which it is the depositary bank to DTCC through The...
April 22, 2013 New Evidence Suggest Austerity May Not Be the Answer
forexblog.oanda.com - The Standard & Poorâs 500 Index is up more than 9 percent this year, while the Euro îStoxxî 50 Index is down more than 2 percent. > 1862
April 22, 2013 EUROPE MARKETS: Europe Stocks Mirror Asia Gains, Banks Rise
FOXBusiness - The îStoxxî Europe 600 index gained 0.5% to 286.65, partly recovering from a 2.5% selloff from last week. Shares of Delhaize Group jumped 7.9%, after the Belgian food retailer reported a 3.8% increase in...
April 22, 2013 Reckless bankers should pay punitive damages
The Guardian - You applaud James Crosby's "conscience" in offering to surrender his knighthood and forgo a sliver of his enormous pension ("Let us applaud HBOS's Crosby for having a conscience", Business). But the "public...
South Bend Tribune - (Reuters) - Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt. The settlement is the largest...
Source: MNI Market News
WASHINGTON - U.S. business activity increased at the fastest pace in a year during the first quarter of 2013 and expectations are that the economy will continue to motor in the second quarter with higher sales, better profit...
The yen weakened, falling toward 100 per dollar for the first time since April 2009, after Bank of Japan (8301) Governor Haruhiko Kuroda said he was emboldened to press ahead with a campaign to defeat deflation.
April 22, 2013 ALBANY, N.Y. — New York's comptroller has called for an overhaul of state programs for restoring thousands of abandoned and contaminated industrial and commercial sites after the state spent nearly $1 billion to clean up 408 brownfields.Source: NY Times
WASHINGTON — For another year, the annual spring meetings of the World Bank and the International Monetary Fund ended with a single, strong message aimed at Europe: Do more
April 19, 2013 Japan PM lays out next steps in growth revivalSource: Miami Herald
TOKYO -- Prime Minister Shinzo Abe outlined the next steps of his grand plan for restoring Japan's economic power in a news conference Friday, naming a slew of initiatives he said would help awaken the country's "sleeping...
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