CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.

Sci-fi flick Pacific Rim reported high numbers on its opening day, especially in Asia. Guillermo del Toro's science fiction movie 'Pacific Rim' joined the three-way race for the number one spot in this week's Hollywood blockbuster ladder.

After the speech of Ben Bernanke, stocks surged. After delivering his anticipated speech last Wednesday, Ben Bernanke seemed to be the extra fuel that the stock market engine needed to go full blast.

The European Commission proposed the creation of a new agency that would close and revamp failed banks.

Angela Merkel wanted to push for free trade but told EU allies not to sweep America's secret surveillance under the carpet.

The increase in interest rates and decrease in stock price took off the glow in consumer sentiment. In early July, fears regarding increasing interest rates and decreasing share costs dinged US consumer sentiment.

The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.

China trade outlook worsens as exporters lose trading confidence. China trade outlook worsens as exporters lose trading confidence. Traders are apprehensive as they face weak external demand, along with rising labour costs and the seen rise of the yuan currency.

Last Monday, the Indian government said that it would give preference over locally made electronics goods for procurement in the government and private sector.

ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.