The European Commission proposed the creation of a new agency that would close and revamp failed banks.
Industry
Asiana crash furrows tech pathway
Asiana airlines' accident affected the technology industry The Asiana Airlines accident halted more than just flight bookings or travel package reservations.
India banks brainstorm to save rupee amid volatility
The Indian currency slowly depreciated amid the volatile investment atmosphere. In response to the slowly depreciating rupee, the government of India is looking at any possible options available to them, said the country's Chief Economic Adviser Raghuram Rajan.
India state agencies address volatility
The US Fed Reserve's stimulus contraction affected the rupee-dollar trading. The Indian investment industry experienced an extremely volatile environment this week.
Source: CFTC close to a deal on cross-border policy
CFTC was close to a compromise on how the regulator's rules applied to foreign corporations dealing with banks in the US.
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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.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
Bangladesh dubbed as king in the knitwear manufacturing and exporting industry. Bangladesh is dubbed as the hero in the knitwear manufacturing and exporting industry.
Prime Minister Shinzo Abe faced a tough test on whether or not permit foreign firms operating in Japan to easily fire out workers after IBM was sued for illegal termination of employees.
