As the US partial shutdown now on its eleventh day, states were confronted into choosing between putting their own funds for federal programs or letting vital services lapse.

After its review under the Global Financial Stability Report study, Italy, Spain and Portugal stand to be financially distressed because of their exposure to possible loan defaults from corporations.

For the third straight quarter, India's consumer goods market had declined and this was attributed to a larger number of market players and declining consumer spending ability.

US President Barack Obama directed government lawyers to find an immediate way to resume payments for the families of killed soldiers in Afghanistan, said a Reuters report.

HSBC issued a comprehensive report as to the effects of the Arab Spring with the Gulf countries' economies.

TheNextWeb co-founder Boris Veldhuijzen van Zanten was confident in early-stage startups achieving entrepreneurial success in as short as a weekend or one day.

Upon the recommendation of the Telecom Regulatory Authority of India, new guidelines for spectrum sharing would be imposed by the Telecom Commission.

Vitol SA obtains favorable LIbOR for its one year and three year credit lines. The world's largest independent oil trader, Vitol SA, would be raising USD7 billion worth of loans at the same rate pegged for its nearest competitor, Glencore Xstrata Plc.

The dismissal, which is a win for telephone companies, upheld the FCC mandated rules on fees charging and infrastructure use.

A default would bring catastrophic results to the world economy. The world is anticipating the showdown on Capitol Hill over the US federal budget and debt ceiling.