INVESTMENT

Kingfisher Airlines

Lenders Ask Kingfisher To Sell Assets

A consortium of lenders of the cash-strapped Kingfisher Airlines Thursday asked the Indian private carrier to sell its properties in Goa and Mumbai and to come up with concrete steps to improve its operations.
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China's June Official Services PMI Up To 3-Month High

China's services sector expanded at its fastest pace in three months in June, an official survey showed on Tuesday, but left intact market expectations that Beijing will deliver more policy measures to support growth in the near future.
Mervyn King

Bank Of England Cracks Down On Cheating Banks

The Bank of England (BoE) is cracking down on large financial institutions to prevent them from cheating businesses and consumers worldwide -- a practice that has put a $360 trillion global financial market at serious risk for several years.
Euro Zone

Euro Summit Agrees On Bank Rescue

European leaders established Friday a set of measures to address the euro zone debt crisis, including an agreement to allow some rescue funds to be sent directly to struggling banks instead of adding to the public debt of reeling economies.

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