The Japanese government got the approval of a special panel to raise the national sales tax by 2014.
Finance/Venture
US consumer sentiment fell in August
Survey indicates a drop in US consumer sentiment after a six month high. After a six year high, consumer sentiment in the United States fell in August despite being upbeat in their outlook in the early part of the month.
Ironridge Global Partners opens China fund
Ironridge Global Partners LLC establishes China fund to invest in Chinese midcap companies or US firms doing business in China.
India won't convert idle gold to bullion- central bank
The Federal Reserve Bank of India said that it would not convert idle gold into bullion. India's central bank said it does not plan to convert the country's idle gold to bullion.
Moody's post positive review on Oman's Islamic banking sector
Moody's the ratings agency said that the Islamic banking sector of Oman would grow between six and eight percent in the next five years.
Latest News
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
Proposals to overhaul the US tax system could eliminate the billions of dollars in tax breaks enjoyed by corporations.
T. Rowe Price banned some American Airline employees from trading the funds in their 401k plans because of collective trading.
As data showed a recovery in the economy, an economist said the Federal Reserve would most likely stay on its September schedule to start easing its monetary stimulus.
An anonymouse bourse official of the Mexican bourse told Reuters that the bourse canceled Minera Frisco's trades in the last 10 minutes of trading today as the share price spike was caused by a computer glitch.
Fidelity & Guaranty Life had sought to raise USD1 billion through an initial public offering said people involved in the planning process.
Merger and acquisition deals in India had slowed down after fears on US and UK anti-bribery laws threatened investment.
Zurich Insurance's Chairman Josef Ackermann resigned abruptly following the death of the company's CFO Pierre Wauthier.
American Express was said to compete for a stake in Foursquare Labs. American Express Co. had been reported to compete for an equity stake in Foursquare Labs.
