After the US Federal Reserve announced thw cutting back its bond buying program, investors who had entered Asia last four years ago were set in fears and had started exiting financial markets.
Legal & Regulatory
Germany seeking fast track process for EU banking union
Germany, in order to avoid a protracted legal process, is leading the way to find a compromise in the creation of the EU banking union.
China rules out open nominations for Hong Kong candidates in 2017 election
Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.
Obama appoints Zients as top economic adviser
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
US SEC denies rejecting settlement over money fund
The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.
Latest News
According to two surveys conducted by Gallup Inc, Americans had been struggling to recover financially even after the US recession was finally announced to have officially ended.
NASCAR placed Penske Racing on probation after cutting deal allegations with Front Row Motorsports was said to have transpired allowing Joey Logano pivotal track position.
Thousands of fast food workers organized protests to demand higher wages after US federal minimum wages were said to be almost always without benefits.
181,000 gallons of asphalt that belonged to Goldman Sachs was burned after an explosion occurred at Elk Grove refinery.
Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.
A report from the Government Accountability Office showed improper disability payments were made to Social Security beneficiaries amounting to USD 1.3 billion.
India would be inaugurating is its insurance repositories on September 16. India's Insurance Regulatory and Development Authority's insurance repositories would be inaugurated on September 16.
The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.
A Reuters report said that investors had started to take out their capital from emerging markets as Fed tapering loomed.
