The US-India ties were seen to lose its shine over economic differences and was even admitted by India's National Security Adviser.
Legal & Regulatory
EU switches burden of bank bailouts from taxpayers
The European Union had switched the burden to aid troubled banks from taxpayers to shareholders, big depositors and bondholders, said a Reuters report.
UK Prime Minister flaunts housing plan and rights on exit agreement
UK Prime Minister David Cameron flaunted his new housing plan at the start of his campaign for the 2015 elections last Sunday, said a Reuters report.
EU imposes rigid fiscal scrutiny
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.
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.
Latest News
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.
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.
