US Senator John McCain angrily stated that US lawmakers should resolve differences to end the US partial shutdown that caused a halt in military death benefits, according to a Reuters report.
Legal & Regulatory
South Africa's largest telecoms firms may undertake cutbacks if no compromise reached with regulators
MTN and Vodacom may be forced to cut back its business should no compromise be met on mobile termination rates.
Carlyle gets approval for real estate development project near Thames River
The Southwark Borough Council of London approved the proposed real estate development plan proposed by the Carlyle Group on the southern bank of the Thames River.
Westpac Banking Corp frontrunner for Lloyds Banking Group assets in Australia
In a bid worth AUD1.5 billion, Westpac stands to acquire the asset finance and commercial lending units of Lloyds Banking Group in Australia.
Inversions by US companies resulting from mergers seen as threat to government revenues
A report from The New York Times' The DealBook said the US government would stand to lose billions of dollars in lost tax revenues should corporate inversion continue.
Latest News
On Tuesday, Finance Minister Luis Videgaray said that Mexico had urged the United States to reach an agreement to raise the nation's debt limits to avoid a possible default that could ruin the international reputation of the country.
Asian share prices fell as the US government shutdown would reach a deadline that would probably cause a first ever US debt default if left unresolved, said a Reuters report.
US President Barack Obama would nominate the Vice Chairwoman of the Federal Reserve to replace outgoing chairman Ben Bernanke whose term ends in January next year.
JP Morgan Chase & Co, the biggest bank in the US, would cut lending to some businesses as risks confronted the bank's reputation, said a report from the Wall Street Journal.
Mark Cuban's insider trading trial saw emails he sent to then UBS SVP Charles McKinney support earlier testimony made by the Dallas Mavericks owner.
Citing the national security provisions of the Investment Canada Act, the purchase of Accelero of the fiber optic network owned by MTS Allstream was blocked by the Canadian government.
Montreal, Maine & Atlantic Railway Ltd. had hired Gordian Group LLC to sell the carrier, said a Bloomberg report.
A few glimmering hope had surfaced on Monday in the middle of the US partial shutdown as US President Barack Obama said he would accept a short term increase in the nation's debt ceiling, said a Reuters report.
US stocks fell that marked an extended two weeks of losses following the partial shutdown of the US government over budget issues, said a Reuters report.
