Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Industry
US veterans to take deadlock protests to White House
US veterans had protested in Washington last Sunday in fear that their benefits might be affected if no agreement would be reached to end the partial shutdown of the government.
Angola imposes consumption tax on oil firms
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 studies private sector management of foreign exchange funds
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Swiss National Bank continues protection of the franc
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
Latest News
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.
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.
China had formally protested bilateral ties between the European Union and Taiwan. Beijing raised objections to the actions done by the European Parliament to build closer trade ties with Taiwan.
Discussions between US President Barack Obama and House Speaker John Boehner to finish the budget gridlock besetting the US government.
Bank of Canada Governor Stephen Poloz expressed disappointment as to the country's economic performance despite signs of regained momentum.
