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.
Legal & Regulatory
Markets fear less on US shutdown
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.
US data shows contradicting signals on economy's health
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.
The US Federal Reserve needs better way to signal policy: Fed officials
According to four top US Federal Reserve officials, the central bank had confused financial markets after announcing a reduced monthly bond buying pace.
US and India ties drifts due to economic differences
The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
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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.
China opened its free trade zone in Shanghai and was hailed as the country's boldest reform, according to a Reuters report.
Critics say the UK Prime Minister's Home to Buy scheme would only push home prices higher than expected.
JPMorgan's CEO met with the US Attorney General to finalize a settlement on the mortgage backed securities fraud investigations.
A Reuters report said banks would need to increase their capital by USD155 billion or EUR115 billion in order to comply with the global Basel III accord.
There has been an increasing clamor from politicians, store associations and laborers alike to ease store hours regulations amidst a struggling French economy.
US and British regulators had charged interdealer broker firm ICAP's European arm and three ex-employees for rigging the London interbank offered rate to their benefit.
The European Securities and Markets Authority had sought for the imposition of a levy for non EU clearing house operators.
