Late on Wednesday the talks between the U. S creditors and Argentina failed resulting in pushing the South American country into default for the second time in thirteen years along with shifting focus to concerns that are emerging out of worries of the effects that the default could have on the financial markets globally.
On Wednesday there were some clues to indicate that the U. S. Federal Reserve seems quite sure to move forward with its arrangement to wind down its stimulus for bond-buying, and also may offer some indistinct clues regarding how much closer it might be to ultimately raising the rates of interest.
The factory activity in China expanded at the speediest rate in the last 18 months during July as a result of growing new orders. This fact was brought to notice on Thursday by a survey conducted by HSBC. It is the latest sign that suggests that the economy is gaining speed towards growth as the government's measures of incentives also work its bit.
Huawei Technologies chief financial officer Cathy Meng on Monday reported that the company's sales revenue has increased by 19 % for the first half of 2014 to 135.8 billion yuan. Further, he added that the revenue and profit for the first half of 2014 are in line with company's expectations.
The U. S. economy generated more jobs in the month of June, dragging the unemployment rate to near its six-year low, the Labor Department said in its latest report on Thursday.
According to the employment report, nonfarm sector generated 288,000 jobs during last month and the unemployment rate slipped from 6.3 per cent in May to 6.1 per cent in June.
Draught-hit California's multi-billion water bond measure SB 848 will not be put on November ballot as supporters of the measure could not muster the required two-thirds vote.
The California Senate deadlocked on the $10.5-billion water bond measure on Monday as it could garner only 22-9 vote, with some members abstaining.
According to the Governor of the Bank of England growing house prices signify the biggest risk that the economy faces. He said, the British housing market has "deep, deep" problems. He also added that the large number of mortgages being permitted to the house buyers is also rising at a great speed.
Student loans rank as the second biggest source of personal debt in the United States only after mortgages. It has surpassed the totals of credit cards and auto loans. Senate Democrats, who are aware of rising public concern over the matter, are keeping the issue of student loans as one of their apex election plank for the year.
On Friday, Moody's Investors Service upgraded the credit ratings of Ireland giving an extra vote of confidence to the first country in the euro zone to complete an EU/IMF bailout last year. Moody's raised its rating of Ireland by two notches from BAA3 to BAA1 and with a stable outlook.
On Friday, the state employment officials reported that the unemployment rate of San Joaquin County has declined in April. It fell to an approximate 11.7 percent from an adjusted 13.1 percent in March. It is now well below what was seen in April 2013, when the jobless rate was 13 percent.
Switzerland no doubt is a rich country and it is also enjoying a rate of growth and employment that is above European average. On an average, each of the country's households enjoys about $30,000, as net disposable income as compared to an average of $23,000 in the other OECD, which is a group formed by the strongest 34 economies of the world.
Thomas Piketty, the French elite scholar, wrote a book called 'Capital in the Twenty-First Century', and within one month of its English version on the stores, the book has become a great hit with the people.
At the moment, all the printed copies in English have been sold out and the book has reached the top most spot on online marketplace Amazon.
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- GE unveils smart LED light bulb – ‘Link’
- Report: iPhone 6 likely to be launched one month earlier than expected
- Huawei officially unveils its new high-end Ascend P7 smartphone
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