The Indian currency slowly depreciated amid the volatile investment atmosphere. In response to the slowly depreciating rupee, the government of India is looking at any possible options available to them, said the country's Chief Economic Adviser Raghuram Rajan.

The US Fed Reserve's stimulus contraction affected the rupee-dollar trading. The Indian investment industry experienced an extremely volatile environment this week.

CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.

Sci-fi flick Pacific Rim reported high numbers on its opening day, especially in Asia. Guillermo del Toro's science fiction movie 'Pacific Rim' joined the three-way race for the number one spot in this week's Hollywood blockbuster ladder.

After the speech of Ben Bernanke, stocks surged. After delivering his anticipated speech last Wednesday, Ben Bernanke seemed to be the extra fuel that the stock market engine needed to go full blast.

The European Commission proposed the creation of a new agency that would close and revamp failed banks.

Angela Merkel wanted to push for free trade but told EU allies not to sweep America's secret surveillance under the carpet.

The increase in interest rates and decrease in stock price took off the glow in consumer sentiment. In early July, fears regarding increasing interest rates and decreasing share costs dinged US consumer sentiment.

The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.

China trade outlook worsens as exporters lose trading confidence. China trade outlook worsens as exporters lose trading confidence. Traders are apprehensive as they face weak external demand, along with rising labour costs and the seen rise of the yuan currency.