Finance

US Employment Report Helps Dollar to Gain While Asian Market Floats Around Three-Year High

Asian stocks levitate around a three-year high on Thursday because of euro-area monetary policy decisions and job data indicating robust employment which kindles the hope that US nonfarm payrolls report would bolster investor’s confidence by proving the economy is getting up to the speed. Morgan Stanley Capital International’s broadest index of Asia-Pacific stocks outside Japan stood at 499.88 on Thursday, ...

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Weekly Wrap- Weekly Finance News

Bank of America to Pay $9.5 Billion Settlement Fee to Federal Housing Finance Agency Bank of America has come to a settlement with Federal Housing Finance Agency as the latter filed a lawsuit on behalf of Federal Home Loan Mortgage Corporation and Federal National Mortgage Association. Bank of America agreed to pay $9.5 billion fine to them. ACE Group Announces ...

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US Durable Good Market Raises More than the Estimated Percentage

Good Market

US manufactured goods market seems to recover from the previous gloom. In February, orders received from consumers for durable manufactured goods have increased from last two months. The finding will no doubt impress the US commerce department. During two consecutive months December and January, order for durable good has declined. In February however, it rose 2.2%. It should be mentioned ...

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General Electric has Filed for IPO of its Capital Retail Unit

The US based conglomerate General Electric (NYSE:GE) said recently that it is planning to garner nearly $3.5 billion from initial public offering of one of its business units called GE Capital Retail Finance. After the IPO, the unit will be renamed as Synchrony Financial. GE Capital Retail is a consumer lending business. Loan is given to different small and mid-sized ...

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