The foreign exchange regulatory agency of China, upon orders of the State Council, has abolished regulations that lead to red tape and promotes non transparency.

Bloomberg, in a response to a complaint made by Goldman Sachs, removes reporters access to its terminals.

Swiss Finance Minister said that the government would be debating on the issue of bank secrecy on two specific points.

Host British finance minister said that the G7 officials meeting is aimed to discuss continued reforms.

In a move to restructure its banking industry, the Greek Central Bank is closing down FBBank. Greece, in a bid for housecleaning, has split one of its smaller lending institutions into 'good' and 'bad' parts.

Bloomberg news reporters had access to personal information of those using the news service, leading to ethical issues as to its use.

Wisconsin bill for state backed venture capital fund proposed. A bill whose main provision would place US$25 million in state money to fund start up companies in Wisconsin has passed the first reading in its state legislature.

JAB files for regulatory approval of the offer sheet for DE Master Blenders. Joh A Benckiser, the German food conglomerate, together with other co-investors are preparing to apply for regulatory approval of their offer sheet to purchase Douwe Egberts Coffee.

John Hancock and sister Bianca Rinehart sues to remove their mother as trustee of the Hope Margaret Hancock Trust.

Former Enron CEO Jeff Skilling is set to be released from prison by 2018 because of an agreement with federal prosecutors.