The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

UK growth forecasts have been raised

One of Britain’s top business groups, the Confederation of British Industry (CBI), has just raised its growth forecasts for 2013 and 2014. The CBI predicts 2013 GDP growth of 1.2 percent, compared to 1.0 percent earlier this year. The…

Financial regulators meet Obama

Yesterday, President Barack Obama met lead independent financial regulators. According to a White House statement, the President and the financial regulators discussed the considerable progress that had been made to strengthen America’s…

Emerging markets likely to improve

The economies of emerging markets will probably improve, say strategists and emerging markets debt portfolio managers at Neuberger Berman, a leading employee-controlled money manager. Contrary to some market views over the last few weeks,…

Will Merrill Lynch cease to exist?

After acquiring Merrill Lynch and Co. four years ago, Bank of America Corp. says it is considering closing it down. Bank of America says it aims to keep the brand name Merrill Lynch going, but plans to close down the entity by the end of…

Raising a child in the US costs $241,080

Have you ever wondered what the cost of raising a child is? According to a new report by the US Department of Agriculture, a child born in 2012 will cost about $241,080 to raise up to his/her 17th birthday. If you adjust the figure for…

Optimism about U.S. economic recovery

There is encouraging optimism about U.S. economic recovery and opportunities for businesses among Chief Financial Officers (CFOs) in the U.S., according to the latest survey conducted by Baruch College’s Zicklin School of Business and…