Japan was said to be studying the possibility of giving a USD 50 billion economic stimulus package to cushion the possible drag of its planned tax hike, sources told Reuters.
Industry
California's minimum wage to rise at USD 10 per hour
California would soon have one of the highest minimum wages in the US at USD 10 an hour. The minimum wage of California was slated to rise to USD 10 per hour in the next three years.
Two Republican representatives question regulatory oversight for private equity funds
Two Republican lawmakers questioned the time and resources spent by Securities and Exchange Commission in monitoring private equity funds.
Equity issuance presents optimistic economic growth- Reuters
A Reuters report said the growing number of equity issuance this year was a sign of positive growth.
Hayat Sindi calls for investments in science and technology entrepreneurship
Renowned Middle Eastern scientist Hayat Sindi called for more investments in the field of science and technology to foster inventive spirit and innovation.
Latest News
Pandora chief executive Brian McAndrews's first and the most difficult task would be to renegotiate royalty fee payments to the music industry in order to lift the struggling company's finances.
EU submits a list of proposals aimed to improve the EU telecommunications industry. In its newest attempt to overhaul the European Union's telecommunications industry, a proposal to place a price cap on cross border phone calls in Europe was made.
Because of the still too expensive low cost iPhone 5C, the share values of Japanese suppliers fell in the market.
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
Dubai's and Abu Dhabi's indices jump in value as Russian intervention on Syrian impasse promise to avert US airstrikes.
Instead of raising funds through the Dim Sum bond market, foreign companies in China opt for cross currency swaps to raise funds for operations.
Tom Wilson, AllState CEO, had sought ways to expand its bottom line with the acquisition of Esurance and expansion of network.
China's August inflation data showed that the country's economy is stabilizing after signs of improved export demand and targeted support measures.
NBC reporter Michael O'Brien said the legacy of President Barack Obama would be on the line as he awaits Congressional approval on air strikes against Syria.
