The impressive economic growth attributed to China just after the economic crisis that cost so many people their jobs has started bearing fruit. The strength of the yuan and a promising economic stability is attracting external money into the stock market and property industry. This was confirmed by a [...]

The US Treasury sells another big chuck of its Citigroup stock holding, this will bring its total inventory from down to 5.1 billion shares. This transaction will left the Treasury two thirds of its original holding of Citigroup’s common stock.
These shares were accumulated through converting the $25 billion investment from Troubled [...]

In its decision today, the Federal Reserve will maintain current interest rates and expects to continue the current rate in the future. Due to high unemployment in the U.S. and turmoil in Europe, the fed decided to take a cautious approach.
The market had a mixed reaction to the lower interest rates, due [...]

Adobe Systems, an American software company based in San Jose that is known for products like Creative Suite, had in increase in profits in the second fiscal quarter of this year. Their total profits for this quarter last year were $126.1 million, while their profits this year were $148.6 million, giving [...]

Today, BP received a letter from the Attorney General of Florida demanding that BP place at least $2.5 billion into an escrow account. Any future claims by business and citizens made as a result of the oil spill will be covered by this account.
In the letter, Attorney General McCollum cited claims [...]