According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
Legal & Regulatory
Bank of America goes to trial over fraud charges
Bank of America would go on trial this week over fraud charges related to home mortgages which was alleged to defraud Fannie Mae and Freddie Mac.
AMR and US Airways set new deadlines
AMR and US Airways indicate new deadlines on their eventual decision on the merger as the lawsuit had affected the businesses.
JPMorgan to pay USD389 million in penalties
JP Morgan Chase & Co. was mandated to pay USD389 million in penalties and restitution after the bank was alleged in unfairly charging its customers for credit monitoring programs.
Homebuilding approvals increase 49% in UK
According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.
Latest News
India's capital markets regulator SEBI said it had been considering regulation changes to safeguard minority shareholders' interest in a company to use funds generated from an IPO aside from what was originally stated on its objectives.
A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.
US President Barack Obama said he would not raise the country's debt ceiling nor would he negotiate with congressional Republicans to give in their attempt to decrease funding for Obama's healthcare law.
The US and Brazil ties were foiled again after Brazil President Dilma Reousseff retaliated over reports that the US National Security Agency had spied on her top aides along with her private communications.
The US Federal Reserve surprised markets last Wednesday after it announced that it would continue its monthly bond buying at USD85 billion for now.
A waging battle on budget between Democrats and Republics was held last October 1 that was seen to threaten a government shutdown.
The banking system of Germany had increased the need for reforms that are seen to be very difficult to accomplish by any new government.
The US Federal Reserve might be more comfortable in implementing its stimulus reduction as increasing rents and healthcare costs had shown some stability in underlying inflation.
Populist movement Occupy Wall Street had marked its second anniversary through a planned march the United Nations office and a protest near the New York Stock Exchange.
