HomeYahoo Business Headlines – Vatican, US Federal Reserve, United States, General Motors Co, JPMorgan SBusinessYahoo Business Headlines – Vatican, US Federal Reserve, United States, General Motors Co, JPMorgan S

Yahoo Business Headlines – Vatican, US Federal Reserve, United States, General Motors Co, JPMorgan S

New Vatican bank head says mission is total transparency
Ernst von Freyberg, the president of the Vatican bank, assumed his post four months ago and Still talks like he is on a mission from God: ” i have to to clean up the murky image of the bank and steer it to total transparency and compliance with international standards on fighting terrorism financing, money laundering and tax evasion.

Stock futures fall on concern over scaling back of stimulus
Stock futures fell as investors continued to position themselves for the eventual winding down of central bank stimulus that has propelled the equity market rally this year.

Global stocks plunge on monetary worries
Japan’s stock market plunged and other global shares followed suit amid concerns that central bankers in the U.S. and Japan might stop the flow of money that has kept markets afloat during the economic crisis. Market sentiment has worsened since the chief of the Federal Reserve, Ben Bernanke, said the central bank might pull back on its $85 billion-a-month bond-buying program if U.S. economic data, especially hiring, improves.

GM targeting investment grade rating ‘within the year’
General-Motors-Co-said it is targeting-an-investment-grade-credit rating “within the year” as the U.S. automaker works to distance itself from the stigma of its 2009-bankruptcy.

U.S. prime money funds raise euro zone exposure in May: JPMorgan
According to a report by JPMorgan-Securities, U.S. prime money-market funds increased their holdings of euro zone bank debt in May as a part of a broader move into higher-yielding investments,



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