Trial began Tuesday for the case filed by Chevron Corp against villagers in Ecuador and their lawyer Steven Donziger.

American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.

Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.

Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.

Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.

A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.

Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.

Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.

An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.

The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.