US President Barack Obama said he would not raise the country's debt ceiling nor would he negotiate with congressional Republicans to give in their attempt to decrease funding for Obama's healthcare law.
Legal & Regulatory
Homebuilding approvals increase 49% in UK
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.
Typhoon Usagi delays markets in Hong Kong
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.
Strong Treasuries demand seen as institutions bid for 83% of bond sales
New Treasuries demand showed a solid improvement following the retreat of Wall Street dealers and rising yields.
Philippines is ready for Federal Reserve's stimulus reduction
According to Philippine Central Bank Governor Diwa Guinigundo, the country had been prepared for the eventual stimulus reduction by the US Federal Reserve.
Latest News
The US and Brazil ties were foiled again after Brazil President Dilma Reousseff retaliated over reports that the US National Security Agency had spied on her top aides along with her private communications.
The US Federal Reserve surprised markets last Wednesday after it announced that it would continue its monthly bond buying at USD85 billion for now.
A waging battle on budget between Democrats and Republics was held last October 1 that was seen to threaten a government shutdown.
The banking system of Germany had increased the need for reforms that are seen to be very difficult to accomplish by any new government.
The US Federal Reserve might be more comfortable in implementing its stimulus reduction as increasing rents and healthcare costs had shown some stability in underlying inflation.
Populist movement Occupy Wall Street had marked its second anniversary through a planned march the United Nations office and a protest near the New York Stock Exchange.
The poverty rate of Americans rose to 46.5 million from last year shown in the stock market, according to a US Census Bureau data.
Mykola Azarov, the Ukranian PM, assured Russia that the EU agreements are no threat to Russia. The prime minister of the Ukraine reached out to Russia to allay fears as to Kiev's plans of signing a free trade agreement with the European Union.
Senator Al Franken wrote a letter to Apple's Head Tim Cook to raise concerns about the fingerprint scanning technology of the iPhone 5S.
