The Reserve Bank of India would scrutinize pending foreign deals after the steep fall in rupee's value.
Finance/Venture
Exchange law will help Kwanza trade, says Angolan Central Bank
Exchange law passed last year was done as a step toward increased kwanza trade. According to the Banco de Nacional de Angola, Angola's central bank, the amount of dollars sold at auctions by the central bank has been halved due to a foreign exchange law.
China's banks takes next step in rate reform push
Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
SBI expects INR4 billion in capital infusion
The State Bank of India announced that it had expected to receive a total of INR4 billion in recapitalization from the government.
110 China brokerages to undergo government scrutiny after USD3.8 billion buy error
There were more than 110 China brokerages that would undergo government probe after Everbright Securities made a CNY23.4 billion buy order error.
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The number of Americans who filed for jobless benefit claims fell to a nearly six year low while US manufacturing activity increased this month.
All trading on Nasdaq were halted last Thursday after the stock exchange encountered a technical issue during midday.
Chinese regulators sought confessions from foreign companies regarding any committed antitrust violations and warned them about hiring external lawyers to fight the said accusations.
Bloomberg LP said that it would appoint an ombudsman that would create a task force how news was derived from sources by each company journalist.
Hinduja co-chairmen Gopichand and Srichand Hinduja had issued a laudatory statement to the Finance Minister's reassurances.
US District Judge George B. Daniels dismissed the suit filed by Teamsters Local 282 Pension Trust Fund against the credit ratings agency Moody's.
Sources revealed that France-based Societe Generale would be issuing a USD 300 million Islamic bond program in Malaysia.
Agustin Carstens, Governor of the Mexican central bank, asked the US Federal Reserve to clarify its plans for the reduction of its monthly bond purchases.
North, the child of Kim Kardashian and Kanye West, was introduced to the world via Instagram. In a classic media coup, the grandmother gave the world a glimpse of her new grandchild by Kim Kardashian and Kanye West.
