Choice of new Fed Governor can be delayed

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
Barack Obama is likely to delay the announcing of the new Federal Reserve Governor, who will have to replace Ben Bernanke on January, 2014. The main reason for such a decision is the Syrian problem. U.S. Congress will have to vote on Syria in the nearest days and now it is the highest-priority problem for U.S. officials. The main Fed Governor candidates are Janet Yellen and Lawrence Summers.
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Fri, 06 Sep 2013 16:11:08 GMT

China plans to deregulate the Shanghai region

Chinese authorities plan to open the Shanghai region to investors, decreasing internal controls on flows of capital. Therefore, Chinese government tries to attract new investment to the country as a whole and particularly to Shanghai. After this announcement the local stock market surged on Friday. Analysts point out that Shanghai already attracts more international investment than other Chinese cities.

Fri, 06 Sep 2013 14:42:05 GMT

Morgan Stanley says a new crisis is very unlikely to happen again

James Gorman, the CEO of Morgan Stanley, one of the biggest U.S. banks, announced on Friday that the new crisis, similar to that we saw in 2008, is very unlikely to happen once again. Gorman underlined that nowadays the companies and banks have enough free liquidity to resist any economic instability. Morgan Stanley itself borrowed about $100 billion from the

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