Julius Baer's profit fall 30% due to tax charges and a merger. Julius Baer Group AG said its profits fell due to two pressing concerns. These were a merger for expansion and a UK tax treaty.

A state judge asked for the withdrawal of Detroit's Chapter 9 bankruptcy protection appeal. The city of Detroit's request for Chapter 9 bankruptcy protection was asked by a judge in Michigan to be withdrawn.

A limited number of Palestinian prisoners were released by Israel today. According to a minister from Israel, the country agreed to release a limited number of Palestinian prisoners as a gesture of goodwill to Palestine.

US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.

Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.

US SEC was put under pressure for improper contractor vetting. The US Securities and Exchange Commission (SEC) was placed in a "hot seat" for failing to do a proper background check on 40 to 70 contractors.

Prime Minister Shinzo Abe created the “Abenomics” policy for Japan's stagnant economy. On Sunday, Japanese Prime Minister Shinzo Abe will find out whether his mandate to end the country's economic stagnation will push through.

A new patent filing to the US patent office showed that Apple developed technology for wireless dashboards.

A patent for bulk processing of liquid metal was issued to Apple's partner and affiliate. A patent issued to Apple excited iPhone fanatics and technology geeks all over the word this week.

Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.