The influx of major global airlines moved the Indian government to review its existing requirements for airlines to be allowed to fly international routes.
Legal & Regulatory
Medical costs and rents increase despite US inflation tame
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.
Occupy Wall Street marks second anniversary
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.
US poverty increase despite economic improvement
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
EU agreements no threat to Russia according to Ukraine's PM
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
Latest News
European policymakers were in for disappointment no matter what the outcome of the election would be, a Reuters analysis showed.
Aung San Suu Kyi said Myanmar needed foreign capital to recover but these should be responsible investments.
BB&T Corp lost a USD 772 million tax refund case against the IRS. Financial holding firm BB&T Corp lost a USD 772 million tax shelter case with the US Internal Revenue Service (IRS).
Chinese authorities warned potential problems the Chinese banks could face if they don't beef up their capital requirements but Factbox figures from Reuters revealed a different scenario.
The Philippine government presented opportunities for investments in the country to Chinese investors at the CAEXPO.
The US government inked a USD 4 billion missile defense contract with Lockheed Martin. Pentagon announced that it had finalized a deal with weapons contractor Lockheed Martin to provide more missile defense equipment to the US and the UAE.
Hedge funds that gambled on Lehman Brothers expected huge payouts as administrators finished recovering assets.
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.
