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Ostrom

Elinor Ostrom, First Woman To Win Nobel Prize In Economics, Dies Of Cancer At 78

Elinor Ostrom, the first woman to win Nobel Prize in economics, died on Tuesday, June 12, after battling cancer. She was 78 years old. The distinguished Indiana University professor received the 2009 Nobel Prize in economic sciences for her groundbreaking research on the ways that people organize themselves to manage resources. She was the first and, to date, only woman to win the prize in this category.
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Spanish Bond Yields Draw Closer To Euro-Era Highs Again

The reassurance provided by the ?100 billion ($125 billion) Spanish banking bailout last Saturday has already waned, and on Tuesday morning, the country's 10-year bond yields rose again to 6.67 percent, drawing closer to euro-era highs of 6.8 percent.

Nikkei Falls Amid Revival Of Euro Zone Concerns

Japan's Nikkei 225 Stock Average fell Tuesday as the early investor excitement on the bailout for Spanish banks subsided to revive concerns about the debt crisis looming over the euro zone.
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Asian Markets Give Up Gains On Spanish Debt Fears

Asian markets reversed the previous day's hefty gains on Tuesday as a European bailout for Spain's debt-stricken banks failed to convince investors that the spread of the debt crisis in Europe will be halted.
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Telefonica To Sell Shares Of China Unicom For $1.4B

Telefonica SA (NYSE: TEF), Europe's largest telecommunications operator by revenue, will sell part of its stake in China Unicom (NYSE: CHU) for $1.4 billion to reduce debt as the eurozone debt crisis stresses Europe's economy and corporations based there.
Inflationary Pressures Easing

Retail Sales, Manufacturing And Trifecta Of Inflation Data: Economic Events For June 11-15

This week's data releases could reignite hopes that the Federal Reserve will soon provide more policy stimulus. May's producer price index and consumer price index should show that inflationary pressures are easing, with the latter falling below the Fed's 2 percent target rate. Retail sales and industrial production figures for May are likely to come in on the soft side, as well.
Hang Seng Index

Chinese Shares Surge On Spain Aid Deal

Stock markets in China and Hong Kong gained Monday as sentiment was buoyed on news that the euro zone will provide financial assistance to help Spain's troubled banks.
Securities class action lawsuits

Facebook?s IPO Class Action Suits Echo Dot Com Era, But Investors Shouldn't Count Their Winnings Just Yet

Within a week of Facebook Inc.'s (Nasdaq: FB) $16 billion initial public offering, at least six lawsuits were filed against its top officials, including CEO Mark Zuckerberg, as well as six investment banks involved in the deal. That in itself is not surprising, considering the IPO flopped. What would be surprising is if the shareholders actually get anything near what they feel they deserve.
Rupee

Rupee Posts First Weekly Gain in 2 Months

The rupee weakened on Friday on worsening global risk sentiment, but posted its first weekly gain against the dollar in more than two months as the local currency recovers from oversold conditions.
Asian Markets

Asian Markets Likely To Maintain Gains Next Week

Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.

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