Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Investors
Swiss National Bank continues protection of the franc
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
Manchester Airport to be redeveloped into Airport City
A venture agreement was formalized by several prominent entities with the goal of creating 'Airport City' in the city of Manchester.
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.
Abu Dhabi's TDIC seeks new loan facility
A loan with lower interest rate is what Abu Dhabi's Tourism Development and Investment Co is seeking for the completion of its project in the United Arab Emirates.
Latest News
Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.
The proposal to extend the debt ceiling another six weeks is untenable, according to US President Obama, causing a further delay in the deal.
Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.
Countries such as Libya, Syria and Afghanistan as well as African countries such as Mozambique have become prime targets for Indian investments.
The position of COO was created and an old hand resigns from the company, according to Athabasca Oil Corp announcement.
Pennzoil's "Mission: ABLE" program donated three vans to three veterans for their specialized needs.
Deutsche Bank co-CEO Anshu Jain and JP Morgan CEO Jamie Dimon join chorus on US government breaking gridlock on budget and debt ceiling.
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.
