News paper summary Essay Example | Topics and Well Written Essays - 500 words - 5

News paper summary - Essay Example Halting the business discouraged government reform efforts but of late the Bank of China has been offering Yuan remittance services to limited loaded clients who have been researched on to determine their source of monies. Citigroup’s high earnings jump-started the stock market raising the market indexes. In spite of improved U.S. economic data, optimistic investors kept a view of other foreign stock markets and oversaw improved results in the second-quarter earnings. Big banks recorded an increase in their share earnings despite being hit by litigation costs, declined trade, and a frail mortgage market. Citigroup recorded the highest rise in shares up from $.42 to $48.42 followed by J.P. Morgan Chase 3% and Goldman Sachs 1.3%. Investors thus gained confidence from the report, and their reaction helped the Dollar gain against the Yen and ease on the euro. Hardly anyone thought capital would return to Australia after it flowed out but with the completion of the mining business; the Australian dollar has since been boosted, and government bonds have lowered. Investors will have a bumpy return in the market due to low-interest rates and low vitality. The dollar has highly been driven by the search for yield raising it from 8% to 15%. Japanese firms are the leading investors in the high-yielding Australian market whereby they sell their low-yielding Japanese investments in search for a high-yielding currency. Sluggish domestic economy brought about the drop in Australian bond yields and statements from the central bank that low-interest rates would carry on for long to back growth caused persistent low-interest rates. Despite growth from the financial crisis in 2008, the Australian government bond market is still small though demand for the bonds remains high. The article centers on incoming AIG chief executive, Peter Hancock’s salary, a former banker who succeeded Robert