In March 2012, this new group of OGP participating countries will announce their concrete commitments at a meeting in Brazil, and will also sign the declaration of principles.

FORBES: Open Government Partnership: An Interview with Maria Otero, Under Secretary of State

They will announce these commitments at a high-level meeting on the margins of the UN General Assembly in New York next month.

FORBES: Open Government Partnership: An Interview with Maria Otero, Under Secretary of State

Bernard Arnault, the Chairman and CEO, at a meeting to announce the results, said that he was pleased with the excellent growth in fashion and leather goods at Louis Vuitton, from Dior perfumes, and from several others.

FORBES: LVMH: A Tougher 2013 Brewing

Earlier in the session, market participants had speculated that the ECB would announce some unconventional policy steps at a routine governing council meeting Wednesday.

WSJ: European Stocks Post Small Losses

Presently, many veteran market watchers, including this one, reckon odds are 50-50, or just a bit higher, that the Fed will announce a fresh monetary stimulus package at Jackson Hole, or at the FOMC meeting in September.

FORBES: Gold Weaker on More Profit Taking, but Bull Flag May be Forming on Chart

The Fed is therefore expected to announce a new round of asset purchases, widely known as QE2, at the end of its November meeting next week.

ECONOMIST: America's economy