State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.

Indian government calls out to millions of non-residents for revival of rupee. India is planning on reviving the rupee by reaching out to millions of its non-resident citizens to assist in reversing the currency decline.

Livewire Mobile and OnMobile Global has agreed to the buyout terms thus increasing OnMobile's presence in value adding service for mobile in the US.

An Indian court sentenced six men to life in prison after raping a Swiss tourist. The six Indian men accused of raping a Swiss tourist in India was sentenced for life imprisonment yesterday.

According to analysts, the election results in Japan might be the catalyst it needs to gain economic momentum.

In a statement said by Prime Minister Shinzo Abe, he vowed to bring back Japan's economic status.

The currency of Israel depreciated by almost US$0.6 last week. Despite rampant divestments and impending economic boycotts adding to the problems of the conflicted Israel, the currency stayed strong.

Lotte Department Store was considering an IPO in Singapore worth US$1 billion. Lotte Department Store was planning of have an initial public offering in Singapore.

Despite an Israeli minister's denial of an economic boycott, an Israeli newspaper said that "an economic tsunami" is heading to the country.

The first half of the year saw investments in agri-business rise 75% in India. Investments in Indian agri-business firms rose 75% in the first half of 2013.