Angola would be imposing a 10% tax on oil firms operating in the country. Angola, the second largest oil producer in Africa, would levy a consumption tax on oil companies.

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

According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.

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.

Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.

The proposal to extend the debt ceiling another six weeks is untenable, according to US President Obama, causing a further delay in the deal.

Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.

Co-CEO Anshu Jain of Deutsche Bank said investigations of wrongdoing further eroding public trust in financial markets.