An increased investor sentiment sent stocks to their highest value since May 2008 as it seems that the European debt crisis threat has cooled off a bit. For a brief time, the Dow Jones industrial average escalated and broke through record value of 13,000. Analysts believe that there are reasons to hope for a recovery [...]

According to a poll conducted by Reuters of different analysts, government of Canada will make it more difficult for a lot of home buyers to acquire mortgages in 2012 as it deals with a highly heated property market. The analysts, whose opinion was included in the poll, also said that that there will be no [...]

According to a preliminary business survey by HSBC, In February, new export orders in China declined to their biggest level in eight months. The decline in new export orders has defied expectations that the 2nd largest economy in the world will pick up momentum after the holidays of Lunar New Year and it is a [...]

The new rescue plan devised by European leaders for the indebted Greek nation has been successful. Greece needed the bailout package as without it, it would have defaulted on its bond repayment next month. After the plan was announced, the United States Treasury Department’s top official, Brainard called the new bailout plan as an “important [...]

Wal-Mart revealed that it will take control of majority of the stake in one of China’s e-commerce firm. The firm, called Yihaodian, is going to be controlled by Wal-Mart through stake ownership. Wal-Mart, the biggest retailer in the world, is seeking to explore new revenue sources to excel in times of increasing competition and extend [...]