Month: August 2013

Indian Finance Minister P. Chidambaram asked state-run banks to ensure flow of credit to every sector of industry, indicating the need for funding projects amid an economic slowdown.

Until recently, it looked like a sure bet that the U.S. Federal Reserve would announce the beginning of the end of its massive bond buying program in September. Now, investors are less certain. The prospect of Western military action against Syria has sent stock markets worldwide reeling. And another potential showdown over the federal debt ceiling limit is looming this fall.

This morning, Ship Finance International (SFL) declared its quarterly dividend of 39 cents per share, maintaining the amount paid to shareholders the last quarter. Based on the current stock price, investors can expect a yield of about 9.7% going forward.

Chadwick Boseman is to play James Brown; Michael Buble becomes a father; Selena Gomez won’t comment on (Aug. 28)

German Finance Minister Wolfgang Schaeuble said an estimate by the International Monetary Fund that Greece will need an additional 11 billion euros to see it through to 2015 was “not completely unrealistic.”

Lance Bass says he enjoyed the ‘N Sync performance at this year’s MTV VMAs but admits that ‘it ain’t no lie, it’s still bye bye bye’ for the group, on getting back together at the moment. He also talks about Miley Cyrus’ appearance. (August 27)

Lance Bass nixes ‘N Sync reunion; Kate Gosselin sues ex over book and accuses him of hacking; Matt Damon and Hayden Panettiere to get Environmental Media Awards. (Aug. 27)

Harvard-educated P Chidambaram is struggling to reverse India’s economic slide. But in a volatile political environment, can policymakers really ride to the rescue? Tara Joseph reports.

The world’s premiere sailing race starts next month in San Francisco. But as AP’s Haven Daley reports, concerns about the America’s Cup include small crowds and a fatal accident which has some wondering if the high-tech boats are too dangerous. (Aug. 27)

Greece’s finance minister told reporters the nation might need a third bailout from international lenders.