Saudi Arabia's taxi business is in chaos with the conflicting regulations, leading to the pull out of investors.

GM debt had been upgraded by Moody's Investment Service to investment grade from junk status. General Motors' debt to investment grade status had been restored by Moody's Investment Service to investment grade.

Euler Hermes reported a projected 3.5% growth in UAE due to infrastructure developments and growth in business.

In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.

According to a Bloomberg report, as the UK government sought to boost mortgage lending and building permits became easier to get, home building approvals increased 48% in the country.

The opening of trading at the Hong Kong Exchanges and Clearing Ltd. were delayed due to Typhoon Usagi and would resume trading in the afternoon.

New Treasuries demand showed a solid improvement following the retreat of Wall Street dealers and rising yields.

According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.

RBI had increased its short term policy repo rate to 7.5% from 7.25%, a move which could have stock markets remain volatile.

A number of domestic milk producers were chosen by Chinese authorities as recipients of state subsidies and tax breaks.