The Japanese Yen had increased versus all its major peers as no progress was seen between US President Barack Obama and the House Republicans to end the US shutdown.

US Senators struggled to end the partial government shutdown as the nation's deadline on incurring a default on debt draws near, said a Reuters report.

The Bank of Korea recently announced a USD5.4 billion currency swap deal with the United Arab Emirates for a period of three years.

The bid for Royal Bank of Scotland amounts to GBP8 billion and is being reviewed to be done by TD Bank.

In a statement, Credit Suisse said it found no evidence of foreign market manipulation. In an interview published Sunday, Credit Suisse said it discovered no evidence of foreign market manipulation.

After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders. Unicredit is studying to list a minority stake in its German unit, HVB.

Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.

Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China. A cross strait equity exchange center in Fujian is being set up by China and Taiwan.

According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.

Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.