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Near 3 million US mortgages borrowers have risen above the water due to the decline in real estate depreciation. Today Barclays revised up its rating for Tata Motors from “underweight” to “overweight”. Today oil prices decreased below $110 following a report showing increase in US crude inventories. Swiss government released yesterday a new deal that will settle arguments between Swiss banks and the US government for sheltering tax fugitives.
German car maker Daimler said that it plans to export key components for engines that would be used in its vehicles. The move is part of Daimler’s €2billion expansion programme that will be launched in China, world’s largest car market, reported Financial Times.
The US Federal Housing Finance Agency is pressing JPMorgan Chase & Co for a bill of $6 billion. The US Federal Housing Finance Agency is pressing JPMorgan Chase & Co for a bill of $6 billion. Android is considered for the primary target for malware threats. Today oil prices increased at above $112 per barrel amid upcoming military actions in Syria.
In July purchases of US durable goods had their steepest decline in near a year amid decrease in demand for commercial aircraft, electric and computer machinery, reported Financial Times.
Orders for goods that are supposed to last minimum three years, including aircrafts have decreased by 7.3% in July. This is the biggest decline since August 2012 and followed a quarter of growth. According to Bloomberg analysis the fall had to be near 4%.
Facebook’s market capitalisation surpassed $100 billion. Today the Indian rupee declined further to 65.37 versus the dollar. On Monday Brazilian foreign minister Antonio Patriota announced his decision to resign. Golf future contracts increase to above $1,400 per ounce today.
Car manufacturers in China are facing the severe competition from their international competitors that hold more technologically advanced production. Yet Chinese auto makers have also experienced a significant increase in sales, reported Financial Times.