US banks need to raise further $120 billion under new Fed rules
Eight of the largest banks in the US will have to raise a further $120 billion under new rules proposed by the Federal Reserve on...
SEC approves more flexible crowdfunding rules
The US Securities and Exchange Commission (SEC) approved new crowdfunding rules which will allow startups to raise funds from investors over the internet.
The SEC...
Dow Jones posts biggest monthly gain in four years
The US Dow Jones Industrial Average climbed up 8.5% in October, the biggest monthly increase in four years as markets rebounded from summer lows.
According...
Better Eurozone inflation and unemployment news
After posting a 0.1% price decline year-on-year in September, October’s Eurozone inflation (year-on-year) improved slightly, registering 0.0%. While still well below the European Central...
Volkswagen cheating costing 60 premature deaths in USA
The use of software by automaker giant Volkswagen to evade emission standards in over 482,000 diesel cars sold in the United States will contribute...
UK consumer confidence drops to four month low
British consumer confidence dropped to a four month low in October, the latest survey from GfK revealed on Friday.
GfK’s monthly consumer sentiment indicator fell...
UK could lose its AAA credit rating if it leaves the EU
The UK could end up losing its 'AAA' credit rating if it leaves the European Union.
Moritz Kraemer, Standard and Poor's (S&P) chief sovereign rating...
Qube Holdings buys large Asciano stake, Australia
Sydney-based Qube Holdings Ltd., a diversified logistics and infrastructure company, has acquired an almost 20% stake in Melbourne-based Asciano Ltd., a freight logistics company,...
US third quarter economic growth slowed to 1.5%
US economic growth slowed down in the third quarter.
GDP expanded at an annualized pace of 1.5% between July and September, down from 3.9% in...
UK population to grow by 9.7m over next 25 years
The UK population is forecast to grow by 9.7 million over the next 25 years from approximately 64.6 million in the middle of last...