Global Indices & Market News
Global stock market review
U.S. S & P 500 Index and Hong Kong's Hang Seng Index rose 2.03% and 1.06% respectively. However, the Nikkei 225 index rose by 3.98% last week.
Obama nominate Janet Yellen as new Chairperson of Federal Reserve
U.S. president Barack Obama nominated Yellen to replace Ben Bernake as head of the Federal Reserve last week.
South Korea Central Bank kept rates in unanimous vote
South Korea's central bank kept its policy interest rate unchanged at 2.50 percent on last Thursday, which is in line with analysts' expectations.
Bank of England keeps policy unchanged
The Bank of England made no change to its monetary policy last Thursday. After Monetary Policy Committee, Bank of England announced to keep interest rate at a record low of 0.5%, and maintain the 375 billion pounds ($ 603 billion) bond purchase program.
U.S. Senate leader sees chance for breaking fiscal impasse
U.S. Senate leaders hold talks in effort to re-open the government and avoid the United States into a debt crisis.
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