INVESTMENT

Homeownership: (Millennials) Downsizing The American Dream

The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.
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Ireland To Spend $2.76B To Cut Joblessness, Boost Services

The Irish government will spend more than ?2.25 billion ($2.76 billion) on new infrastructure projects and to restart existing road, school and health care construction projects to create as many as 13,000 jobs without hiking debt, government officials said on Tuesday.
Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific Investment Management Co., participates in the 2010 Milken Institute Global Conference in Beverly Hills, California

PIMCO's Mohamad El-Erian: The Ideal Prime Minister for Egypt

On Tuesday, it was reported that Mohamed El-Ehrian, the chief executive officer of Pacific Investment Management Co., or PIMCO, was being considered for the role of Egypt's Prime Minister. He doesn't want the job, but he does have the qualities that Egypt lacks.
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Goldman Sachs 2Q Earnings Falls 11%

Goldman Sachs (NYSE: GS) booked a 11 percent drop in its second-quarter earnings as revenue from investment banking and lending businesses declined, the New York investment bank said Tuesday.
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Moody's Downgrades 13 Italian Banks

Moody's Investors Service is downgrading the credit ratings for 13 Italian banks three days after cutting the Italian government's bond rating.
Jamie Dimon JP Morgan London Whale Bruno Iksil

JPMorgan Traders Might Face Criminal Charges

JPMorgan receives another blow even as it flounders in the midst of a FERC power market manipulation probe and talks with U.S. regulators for its alleged involvement in rigging key benchmark interest rates.
Bankers Outside Citigroup

US Regultors Probing Into The Escalating Libor Scandal

Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.
‘Metal Gear Solid 5’ Release Date Not Coming Soon, Konami Shoots Down ‘Leaked’ Image From Comic Con [PHOTO]

‘Metal Gear Solid 5’ Release Date Not Coming Soon, Konami Shoots Down ‘Leaked’ Image From Comic Con [PHOTO]

The annual Comic Con festival is usually full of surprises for fans of graphic novels, superheroes, video games and any other nerdy niche. Players of the Metal Gear Solid franchise thought they were in for a surprise when a supposed leaked image revealed the alleged logo and taglines for the game's fifth installment. However, Konami has denied that Metal Gear Solid 5 was revealed at Comic Con this weekend, Kotaku reports.
Manmohan Singh

India Sets Up Panel To Finalize GAAR Provisions

India's Prime Minister Manmohan Singh, who recently took over the charge of the Finance Ministry, has set up an expert committee to review and finalize the controversial General Anti-Avoidance Rules (GAAR), which the foreign investors say are not investor-friendly.
Assam Tea

India's Industrial Output in May Up by 2.4 Percent

India's industrial output picked up more than expected in May, bolstering the case for the Reserve Bank of India (RBI) to keep interest rates high at its next policy meeting as a slow start to the monsoon puts pressure on inflation, especially food prices.
An employee seals a stack of yuan banknotes at a branch of Industrial and Commercial Bank of China in Huaibei

China Q2 GDP Growth Slows To 7.6%

China's gross domestic product growth slowed down in the second quarter to the lowest rate in three years, due to soft global demand official data released Friday show.

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