Bernanke: Market Rates Rose on Unwinding of Risk

July 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke says one reason for the recent rise in long-term interest rates is the unwinding of leveraged and "excessively risky" investing. The climb in market interest rates could also be attributed to improved economic data and misinterpretations of the Fed’s plans, Bernanke said in response to a question from Senator Tim Johnson, a South Dakota Democrat, during his testimony before the Senate Banking Committee. (This is an excerpt. Source: Bloomberg)

Luxury Car Makers Look to India for Future Gains
45:47 - With a growth rate expected to soon overtake China, India is also seeing the growth of a wealthier, aspirational middle class. And of course, those people are going to want to spend their money on nice things, like luxury vehicles. Over the past five days, the world’s high end auto manufacturers have been pitching their products to India’s new rich at the 2016 Auto Expo in New Delhi. Bloomberg's Paul Allen has more. (Source: Bloomberg)
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