Latest Business News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

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Latest Business News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

Latest Business News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline
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Latest Business News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

by Wochit 1:04 mins

Latest Business News: Stock Futures Drop in Wake of Fed's Stimulus-tapering Outline

by Wochit 1:04 mins

Stock futures have fallen adding to a more than 1 percent drop in U.S. equities just a day before. The losses come after Federal Reserve Chairman Ben Bernanke outlined the start of a wind-down of stimuli that has been instrumental to the market's previous rally. Corporate Asia is pricey as ever! Five out of six of the most expensive office areas in the world are in Asia, with Hong Kong's Central business district averageing $235 per square foot annually. Experts say this is because so many multinationals want easy access to the developing countries near these office areas. Hong Kong is even more costly than London's West End and Beijing's Finance district. New banking regulators in Britain are looking to cut risk in the country's financial sector. New demands will require Britain's banks to raise 13 billion pounds - or nearly 20.5 billion dollars - of extra capital and meet a new cap on lending well ahead of international peers.

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