Chicago's City Council approved Mayor Rahm Emanuel's plan giving him the authority to borrow almost $2 billion. The issues of nearly $2 billion more in bonds is the next phase of Mr. Emanuel's strategy to stabilize the city's finances.
Small business owners are the most optimistic they have been in five years, according to the latest Wells Fargo/Gallup Small Business Index, and expect their businesses to increase cash flow and hire more employees in 2014.
The UK Chancellor's decision to extend the fiscal consolidation through to 2018-2019 means even more dramatic spending cuts are now planned, according to the IFS Green Budget, funded by the Nuffield Foundation and produced in collaboration with Oxford Economics.
A sharp improvement in Japanese investor sentiment with a general warming towards equities lifted overall regional investor sentiment slightly higher in the fourth quarter of 2013, according to the Manulife Investor Sentiment Index for Asia.
The seasonally adjusted HSBC South Africa Purchasing Managers' Index (PMI) fell from 50.5 in December, to 50.3 in January, signalling a further improvement in operating conditions at private sector firms.