U.S. Senate to nominate Janet Yellen this week

Note: This section contains information in English only.
Source: Bloomberg
U.S. Senate Banking Committee plans to vote for a nomination of Janet Yellen as the new chairwoman of the Federal Reserve later this week. According to political experts' expectations, Democrats are going to vote for the nomination, while some Republicans oppose Yellen's plan to continue the bond-purchasing program, as the Fed's balance sheet has already reached almost $4 trillion.
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Tue, 19 Nov 2013 09:21:21 GMT

Asia's shares rise on optimism over economic reforms in China

Asian equities inched up on Tuesday rising to the strongest level in two weeks amid optimism over Chinese biggest economic reform measures since 1990 and as the U.S. Dollar slipped on concerns that Fed may continue its stimulus. The MSCI broadest Asia-Pacific index outside Japan added 0.1% following Monday's advance of 1.4%.

Tue, 19 Nov 2013 07:29:03 GMT

Less U.S. cities are expected to show growth in 2013

According to the U.S. Conference of Mayors data, almost a third of the biggest U.S. cities and metropolitan areas will report no economic growth or even a decline in 2013. 119 out of 363 areas are included in that list, comparing with 73 areas in 2012. Economists explain the pessimistic outlook with the recent government Shutdown and the budget sequestration

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