The proposal to extend the debt ceiling another six weeks is untenable, according to US President Obama, causing a further delay in the deal.
Legal & Regulatory
Unicredit to re-list HVB shares in the bourse
After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders. Unicredit is studying to list a minority stake in its German unit, HVB.
Japan studies private sector management of foreign exchange funds
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
Swiss National Bank continues protection of the franc
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
Airport modernization imperative in India
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Latest News
Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.
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.
To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.
China had formally protested bilateral ties between the European Union and Taiwan. Beijing raised objections to the actions done by the European Parliament to build closer trade ties with Taiwan.
With Congress working feverishly, the current budget impasse and the debt ceiling may become an economic superstorm.
According to a Reuters report, world leaders should not ignore issues surrounding global economic security.
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
Discussions between US President Barack Obama and House Speaker John Boehner to finish the budget gridlock besetting the US government.
