iPhone maker Foxconn invests $40 million in US
Taiwan's Foxconn, the maker of iPhones, iPads and other electronics in China, said Thursday it would invest $40 million in the United States to ramp up manufacturing of high-end products.
22 November 2013
BoJ holds fire on stimulus, says economy recovering
The Bank of Japan on Thursday held off announcing any fresh measures to stimulate the economy, saying it was "recovering moderately" and that efforts to stoke inflation were taking hold.
21 November 2013
Kazakhstan’s President meets Central Bank Governor
The country’s international reserves, including assets of the National Oil Fund [accumulating windfall oil revenues], increased by 7.4% since the start of the year, reaching $92.4 billion: Central Bank Governor.
JPMorgan to pay investors $4.5bn over mortgage bonds
JPMorgan Chase said Friday it had reached a deal with 21 institutional investors to pay $4.5 billion for losses on mortgage securities it and Bear Stearns sold before the financial crisis.
16 November 2013
Yellen says Fed stimulus must continue
Janet Yellen, the White House nominee to lead the Federal Reserve, said Thursday that the central bank's stimulus must remain in place to bolster an economy where growth remains fragile.
15 November 2013
TENGRI LIFE
TENGRI TRAVEL
Euro "too strong", says European Commission's Tajani
European Commission Vice President Antonio Tajani said Wednesday the euro was overvalued and urged the zone's central bank to help exporters by weakening the single currency.
China Singles Day online shoppers spend almost $6 bn
Chinese shoppers spent a record 35.0 billion yuan ($5.7 billion) at the country's biggest online marketplaces on Singles Day, their operator said Tuesday, after the festival created by e-tailers to persuade the loveless to console themselves with retail therapy.
EU to hold France, Germany to account in push for growth
The EU will this week test a new system to ensure states toe economic rules when it decides whether to challenge eurozone giants Germany and France, over their growth and deficit policies.
12 November 2013
As Twitter flies, fears mount on bubble
Twitter's high-flying Wall Street debut drew attention to the growing power of social media, but also raised concerns about a potential bubble in the sector.
10 November 2013
US shutdown cost $2.0 billion in lost govt output
The 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.
08 November 2013
China seeks world role for 'people's money'
With deals from London to Singapore, China is seeking a greater role for its yuan currency in global markets to challenge the hegemony of the almighty dollar.