Friday, October 5, 2012

Investors count on Brazil's internet boom, hope to make Rio the next startup capital

RIO DE JANEIRO: For years, Rio de Janeiro's bohemian neighborhood of Lapa has been a hotspot for people seeking samba shows and late night partying. But recently, the area has also started hosting a different kind of crowd.

Thursday, October 4, 2012

Asia stocks up on mildly positive US data

BANGKOK (AP) — A pair of positive U.S. economic reports helped prod Asian stock markets higher Thursday. A report showed U.S. service companies grew last month at the fastest pace in six months.

Wednesday, October 3, 2012

Europe must solve its problems before expecting Chinese aid: China Investment Corp

MOSCOW: Chinese investors will not buy into bonds issued by debt-ridden euro zone countries until their fundamental problems are solved, a senior official with China's $480 billion sovereign wealth fund said on Tuesday.

Tuesday, October 2, 2012

Gold drifts lower as Spain worries weigh on euro

SINGAPORE (Reuters) - Gold drifted lower on Monday after posting its biggest quarterly rise in more than two years, tracking a weaker euro as Spain's struggle to control its finances worried investors.

Monday, October 1, 2012

Money Fund Dealmaking Resumes After Geithner Breaks Logjam

One month ago, a U.S. Securities and Exchange Commission proposal to tighten rules for the $2.6 trillion money-market mutual fund industry was declared dead.