As the world’s major automakers continue to introduce new electric vehicle models to the market, prices of EVs will “drop quickly,” said Ravi Brar, chief executive officer of ECOtality Inc., and along with that, the cost of chargers. To read more, click here.
WHAT TO WATCH: The ISM’s non-manufacturing index probably rose to 53.1 in July from June’s 52.2, the lowest level since February 2010, according to forecasts, 10 a.m. Dallas Federal Reserve President Richard Fisher speaks on the U.S. economy, 11:45 a.m. An index measuring euro-area investor confidence rose to minus 4.9 in July from minus 12.6 in June. To read more, [...]
Last week’s Dodd-Frank three-year outlook webinar, featuring Bloomberg Government’s Cady North, reviewed the status of the rulemakings so far and found that financial regulators are about 60 percent of the way through the major actions, according to North. Click here to continue reading.
U.S. investigators have uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives. Click here to continue reading.
Michael Dell and Silver Lake are close to an agreement with Dell Inc. over a sweetened bid of $13.75 a share in exchange for a modification of voting rules and a special dividend, a person familiar with the matter said. To read more, click here.
WHAT TO WATCH: The Bank of Japan releases data for monetary base, which is targeted by the central bank to reach 200 trillion yen at the end of 2013, 7:50 a.m. Indonesia’s economy probably grew 5.9 percent in the second quarter, in line with the five-year trend (see page 4), 10 a.m. Australia’s Treasurer Chris Bowen releases [...]
PVE Capital LLP is preparing to launch a hedge fund focused on collateralized debt obligaions in response to demand from U.S. investors seeking exposure to European credit, according to chief investment officer Gennaro Pucci. To read more, click here.
WHAT TO WATCH: U.S. nonfarm payrolls probably rose by 185,000 workers in July afer a 195,000 gain in June, according to forecasts, 8:30 a.m. U.S. jobless rate may fall to 7.5 percent in July, matching a four-year low, according to forecasts, 8:30 a.m. Federal Reserve Bank of St. Louis President James Bullard will speak at the 2013 [...]
NEWS: Silvio Berlusconi lost his final appeal against a tax-fraud conviction. U.K. growth forecasts for this year and next were rasied by Niesr. Australia’s government cut its growth estimate for this fiscal year to 2.5 percent from 2.75 percent seen on May 14 and said the 2015-16 budged will no longer be in balance. To read more, [...]
Bill Schuette left Washington after losing his House seat in a failed bid for the U.S. Senate in 1990. He returned to his native Michigan, seeking lesser political jobs to rebuild his career. To read more, click here.