The Federal Reserve gave no indication that it intends to reduce its bond purchases, at least for now.
Industry
Major US companies urge legislators to fight 'patent trolls'
US major firms including Wal-Mart, Google, Morgan Stanley and Dell raised concerns regarding patent trolls and urged legislators to broaden US Patent and Trademark Office's scope of power in reviewing patents.
Italian prosecutors investigate JPMorgan for employee's acts
A document seen by Reuters showed that Italian prosecutors are investigating JPMorgan in relation to their probe of Monte dei Paschi.
Obama’s proposal aims to satisfy Republicans and Democrats
US President Barack Obama proposed a plan that would satisfy both Democrats and Republicans alike. On Tuesday, US President Barack Obama proposed a plan called the "grand bargain for middle-class jobs".
Senators ask energy regulators for details of JP Morgan settlement
Two Democratic senators asked FERC chairman Jon Wellinghoff on how the settlement with JPMorgan Ventures Energy Corp was reached.
Latest News
According to optimistic analysts, India is still on track to becoming the net super economy if only industrial houses continued to invest.
The Indian currency continued to decline, prompting investors to shy away from investing in the country.
Reuters reported that China's private businesses could experience succession problem in the next few years.
Chinese regulators urged local importers of Fonterra's products to recall their contaminated items after the dairy maker warned some infant milk and food products contained botulism-causing bacteria.
According to Indonesia's Bureau for Statistics, global demand for the country's assets remained unattractive to foreign investors.
India loosened rules for foreign direct investors on the local retail industry as part of its drive to lure more foreign firms.
The Confederation of Indian Industries said that now is the time when India needs foreign direct investments the most.
Reports said that investments in the Philippines increased by almost 40% after six months. Asia's 'rising economic tiger' posted another increase in local and foreign investments as four major placement agencies approved businesses today.
According to Singapore's GIC, China's credit crunch will have great effects on many economies worldwide.
