The United States of America had moved closer to reaching a first ever default on the nation's debt after House Speaker John Boehner ruled out a straightforward bill to increase the country's borrowing limits without approval from the US President, said The Economic Times report.
Legal & Regulatory
South African mobile operators share values and rates cut by regulator edict
Vodacom Group, MTN Group and Telkom would have their respective fortunes change because of the latest regulatory guidelines issued in South Africa.
US Supreme Court dismisses petition from electric firms on fee charges on infrastructure use
The dismissal, which is a win for telephone companies, upheld the FCC mandated rules on fees charging and infrastructure use.
Halted EU-US talks complicate trade ties
With the US government's partial shutdown, talks between US and EU regarding the creation of the biggest free trade zone in the world scheduled next week in Brussels had been scrapped, said a Reuters report.
FDA sets standards for good manufacturing compliance for Ben Venue
Ben Venue was required by court to comply with good manufacturing standards set. The local unit of German pharmaceutical firm Boehringer Ingelheim, Ben Venue Laboratories Inc.
Latest News
HSBC Holdings had lost its bid to undo a 2009 securities fraud trial verdict, according to a Reuters report.
The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
The US shutdown and its eventual break in the deadlock has been hoped by many countries as the effect has reached other bourses.
Judge Colleen Kollar-Kotelly had turned down the US Department of Justice's request to delay the hearing of the case against AMR Corp and US Airways Group Inc regarding the airlines' planned merger.
SEC Lawyer Jan Folena said Mark Cuban cheated when he sold his shares in an Internet firm nine years ago.
New EU rules had been set to be implemented in 2018 left investors uncertain of their next move. The European Commission had set a new framework for bank bailouts in July as taxpayers expressed outrage over using tax money to fund lenders in financial trouble.
Shareholder Marvin Pearlstein filed a lawsuit against Blackberry Ltd and its top executives for providing false information about the company's financial position and business growth of its newest smartphone line.
Cooper Tire & Rubber Co filed a complaint in the Delaware Chancery Court to compel Apollo Tyres in closing its acquisition transaction soon, said a Reuters report.
Treasurer for Australia Joseph Hockey extended the time frame for Australian regulators including himself to decide whether the acquisition of GrainCorp Ltd by Archer Daniels Midland Co would go against the national interest.
