A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.

European Commissioner Algirdas Semeta said work would continue on the proposed financial transaction tax.

The Federal Trade Commission stamps seal of approval for the acquisition of Arbitron, the radio audience measuring firm, by Nielsen, the television measuring giant.

The Commodities Futures Trading Commission had announced the approval of the applications to operate swap execution facilities for TruEX Group LLC and IntercontinentalExchange Inc.

Germany's new leaders after its recent elections would reflect the future of not only the country but of the EU as well.

The latest German elections predicts a win for Chancellor Merkel with a slim margin. German Chancellor Angela Merkel, according to pollwatchers, would most likely win but had to fight to the last vote to keep her majority in the German parliamentary elections.

Warren Buffett, the billionaire head of Berkshire Hathaway, said that a possible standoff on the debt ceiling would be costly.

The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.

The Indian telecom department is nearing the completion of the new policy guidelines to govern the mergers and acquisitions in the industry.

Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.