US stocks fell that marked an extended two weeks of losses following the partial shutdown of the US government over budget issues, said a Reuters report.
Sovereign wealth funds
PM Letta wants a state-backed firm to ease Alitalia merger- sources
Sources told Bloomberg that Italian Prime Minister Enrico Letta was pushing for a state-controlled firm to back Alitalia in its planned merger with Air France-KLM.
New USD 100 note has distinctive feel, new security features- report
According to a report from USA Today, the new USD 100 note has a distinctive feel and new security features.
New USD 100 bills can limit counterfeits- experts
Experts expressed confidence that the new USD 100 bill would limit counterfeiting. With the redesigned USD 100 bills scheduled for delivery to banks today, experts interviewed by news website WebProNews said these bills could thwart counterfeiting.
Fed finally rolls out new USD 100 bills
The Federal Reserve would be distributing the redesigned USD 100 bills on Tuesday. The Federal Reserve would be distributing its new USD 100 bills finally to banks on Tuesday.
Latest News
Heavy traffic could not be the cause of website glitches under ObamaCare, according to experts. Glitches in the ObamaCare website were not just the result of heavy traffic.
US multinational firms said the Obama administration should not rush to finalize its proposed Trans-Pacific Partnership (TPP).
ObamaCare navigators in New York were unreachable, according to an informal survey conducted by the Post.
Contractors of the US government would most likely wait for assurances from Congress before reversing furloughs, a Bloomberg report said.
The government's sixth largest contractor, United Technologies Corp, cancelled plans to furlough around 4,000 employees.
With the US government's partial shutdown, talks between US and EU regarding the creation of the biggest free trade zone in the world scheduled next week in Brussels had been scrapped, said a Reuters report.
A default would bring catastrophic results to the world economy. The world is anticipating the showdown on Capitol Hill over the US federal budget and debt ceiling.
The United States of America had moved closer to reaching a first ever default on the nation's debt after House Speaker John Boehner ruled out a straightforward bill to increase the country's borrowing limits without approval from the US President, said The Economic Times report.
The Transatlantic Trade and Investment Partnership had faced gale winds and now stands to undergo rough seas.
