India announced the activation of the atomic reactor of its first nuclear submarine, a first step for the completion of its nuclear triad.

French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.

President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.

Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.

Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.

Zachary Karabell asked if it really matters who the next chairman of the Federal Reserve will be. Zachary Karabell of Reuters posed the question, "Does it really matter who the next chair of the Federal Reserve is?" The query came as President Obama looks for Chairman Ben Bernanke's successor.

Tesco said it has agreed on a joint venture with a state-run company in China. International retailer Tesco Plc agreed on a joint venture with China Resources Enterprise Ltd but will cede control to the state-run firm.

The sovereign wealth fund of Norway said it increased its share of equity holdings from 62.4% to 63.4%.

The Croatian government issued an invitation for all interested bidders who are interested to acquire Hrvatska Postanska Banka, a state-owned local bank.

State-owned China Railway Corporation announced that it will boost its investment in fixed assets this year to CNY 660 billion.