Investors are starting to "wake-up to the reality" that stocks are the only way for them to get real returns on their money, Tempeton's Mark Mobius told CNBC.
Delta Air Lines has held recent talks to buy a 49 percent stake in British carrier Virgin Atlantic that is currently held by Singapore Airlines, two people familiar with the matter said on Sunday.
India's economic reform program faces a key parliamentary test this week on whether to let foreign retailers set up shop, in a vote that could pave the way for further measures to revive the economy.
Last week, Russia’s government decided to put an end to the doomsday talk, with one minister assuring voters that the Mayan apocalypse was not at hand, the New York Times reports.
Regulators in Japan recently counseled regional banks that hold massive amounts of Japanese government bonds to shorten the maturity of their holdings to reduce their interest rate risk. The FT reports.
The worsening outlook for the BRIC nations – Brazil, Russia, India and China – has put into question whether these leading emerging economies can continue to power global growth.
China seems destined to become the world’s biggest pharmaceutical market; however, whether the profits multinational corporations realize will be similarly attractive remains very much in doubt.
China came up with another set of weak numbers on Friday with two surveys of manufacturing activity showing that economic momentum slowed yet again in May, prompting analysts to say it’s time China got on with revving up growth.
The results of a business confidence survey in Japan showed that despite a surge in stock prices and a steep fall in the yen, Japanese manufacturers are still largely pessimistic.
The Cyprus impact is a minor blip on the weekly euro/dollar chart. The upside target for the pair in a rebound from $1.29 is the previous resistance level near $1.34.