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.

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.