A new era of rigid fiscal scrutiny would be imposed by the European Commission to prevent repeated occurrences of financial turmoil and to aid the region's debt crisis.
Legal & Regulatory
US government shutdown a day away
The US Congress had one more day left before ending the budget stalemate as risks were dramatically increased in the first US government shutdown.
CapAsia executive sues Johan Bastin for defamation in Singapore
CapAsia executive Vijay Sethu filed a defamation case against Johan Bastin, also an executive in the company, in the Singapore High Court, said a Bloomberg report.
CSRC ends 18-year Treasury bond futures trading hiatus
China Securities Regulatory Commission had ended an 18-year trading hiatus on Treasury bond futures, said a Bloomberg report.
Europe IPO market booming compared to US
The large volume IPO companies have helped the European IPO boom. The cheap valuations and the strengthening economies were the main factors that put investments to full work in Europe, resulting in a sixfold volume increase in the third quarter for initial public offers in the region.
Latest News
After the Federal Reserve announced a halt on its proposed bond buying reduction program, the worldwide tension over the US monetary policy had also subsided, said a Reuters report.
Acquisition of previously owned homes had slumped in August while claims for jobless benefits became lesser last week which showed a contradicting signal regarding the health of the US economy.
According to four top US Federal Reserve officials, the central bank had confused financial markets after announcing a reduced monthly bond buying pace.
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
Orders for US manufactured goods declined in August which showed a possible sign of companies holding back their investments due to uncertainties in US government spending.
Greece international lenders had temporarily halted their latest bailout fund to Greece, according to a Reuters report.
The Reserve Bank of India had refused to give extended deadline for banks to upgrade their security features to protect cardholders from credit card frauds.
The new programs of RBI Governor Raghuram Rajan have resulted in higher investment rate in the Indian equity markets.
The Central Bank of China said last Sunday that it would keep policy steady to cope with economic uncertainties.
