The Reserve Bank of India imposed US$8.3 million in fines for 22 lenders that flouted rules and regulations on anti-money laundering.
Industry
Dead tourism may be revived - Egyptians
Days after the ousting of President Muhammad Mursi, local entrepreneurs said that the dead tourism industry may still be revived.
Egypt gains Saudi Arabia, Kuwait, UAE support
Three countries pledged support for Egypt's dying economy. Three countries still believe in the conflicted country of Egypt. These nations - the Kingdom of Saudi Arabia, Kuwait, and the United Arab Emirates, expressed their support towards the Egypt saying that the North African country is "too big to fail.
Egypt coup divides nation, sinks economy
The Egyptian coup d'etat will do nothing to help the country's ailing economy, analysts said.
Protests and gun sales grow amid Zimmerman verdict
After the acquittal of Zimmerman, protests broke and gun sales increased. After the announcement of George Zimmerman's acquittal from his murder trial yesterday, the United States Justice Department said that they will be conducting further review on the case.
Latest News
French President Francois Hollande said that he will fight the traditional pessimism of his countrymen to lift the weakening economy.
Greece's bank rescue fund approved of Eurobank to acquire the New Hellenic Postbank. Greece's bank rescue fund approved of Eurobank's acquisition of the New Hellenic Postbank.
The San Francisco International Airport announced plans to sell US$483 million worth of bonds. The San Francisco International Airport announced plans to sell US$483 million worth of bonds.
CLS Bank announced record breaking volume transactions through its system. The globe's largest currency trading settlement system, the CLS Bank, had announced it managed an average of US$5.
While many currencies have floundered, the Canadian dollar has provided great returns to investors. As the recent weeks have showed, many global currencies have been buffetted by volatile trade as well as the uncertainty as to the next decision of the US Federal Reserve as to its stimulus programs.
According to San Francisco General Hospital, a child died due to critical injuries sustained in the Asiana accident.
US President Barack Obama urged the House of Representatives to act quickly on the immigration reform plan.
The manufacturing industry is preparing for 3D technology which analysts think will revolutionize the industry.
eBay launched a new application in line with 3D printing's popularity. eBay is the latest company to invest in the world's latest technology craze - 3D printing.
