The proposal to extend the debt ceiling another six weeks is untenable, according to US President Obama, causing a further delay in the deal.
Industry
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.
Taiwan and China expand partnership and cooperation
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.
Airport modernization imperative in India
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.
Latest News
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.
Differing opinions met the new guidelines on Indian mergers and acquisitions in the telecommunications industry.
Jitendra Bhargava details the corruption and the mismanagement that led to the collapse of Air India.
