A large offshore submarine gas storage facility in Spain was the first in Europe to issue "project bonds" for a total of 1.4 billion euros, three years after the idea was launched by European Commission President Jose Manuel Barroso.
European Commission Vice President Neelie Kroes has slammed the "regulatory mess" affecting broadband in a warm up to forthcoming proposals to shake up the sector, which will form part of the new Single Market for Telecommunications.
The BRICS bloc of large, emerging economies has agreed on the structure of a proposed development bank with $50 billion in capital, but ironing out "difficult" details may take months, Russian Deputy Finance Minister Sergei Storchak said.
United States commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $42.2 billion in the second quarter of 2013, a $7.8 billion (22.6%) increase from the $34.4 billion a year earlier.
European banks would leave London "in very short order" if Britain voted to exit the European Union, said Goldman Sachs' vice-chairman Michael Sherwood. Talk of Britain turning its back on its biggest trading partner intensified in January.
In Europe, the outlook for water-related disasters over the coming decades is bleak due to stress on water systems, increased demand and pollution, says a report by the Organisation for Economic Co-operation and Development (OECD).
Brazilian manufacturing business conditions continued to deteriorate in August, with further declines in output and new orders reported by monitored companies. The reduction in new work intakes led firms to reduce payroll numbers further.
Canada's manufacturing expansion was sustained for a fifth consecutive month in August, but the rate of growth was modest and below average, according to the RBC Canadian Manufacturing Purchasing Managers' Index (RBC PMI).
Faced with growing competition from larger smartphones and new categories such as wearable devices, International Data Corporation (IDC) Worldwide Quarterly Tablet Tracker modestly lowered its tablet forecast for 2013 and beyond.
The global big data market is forecast to show a compound annual growth rate of 26 percent, jumping from $14.87 billion this year to $46.34 billion by 2018, according to a new report from research firm MarketsandMarkets.
IFC, a member of the World Bank Group, is promoting trade in the MENA region to help the economic integration of the region. The GTFP program offers global and regional banks guarantees covering payment risk and letters of credit for trade related transactions.