The Reserve Bank of India (RBI) allowed local banks to borrow overseas up to 100% of their Tier I capital.
Legal & Regulatory
Deutsche Bank reviewed for corrupt practices
Deutsche Bank AG was under review for excessive entertainment expenses made for pension fund executives.
Chinese economy stable, reforms to push through- Premier Li Keqiang
Premier Li Keqiang said the Chinese economy was stable and that reforms would push through as planned.
Sheryl Sandberg talks with Internet regulator in China
Sheryl Sandberg met with the State Council Information Office (SCIO), an Internet regulator, in China yesterday.
Royal Dutch Shell shelves GBP 8.3 billion eastern China refinery- paper
The Telegraph reported that Royal Dutch Shell had postponed its refinery project worth USD 1.3 billion in eastern China.
Latest News
The USD2 billion deposit by the Qatari government in support of former Egyptian President Mursi's government was converted to bonds by the current administration in Egypt.
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
The government of Japan announced that by next month, it would begin to thresh out the details of a joint procurement plan for the purchase of liquefied natural gas.
The National Pension Service of South Korea increased its stake in six local companies as the government lengthened disclosure times for share purchases over 10%.
Eike Batista's OSX Brasil SA engaged the services of Bingham McCutchen LLP for its restructuring efforts.
The Indian Telecom Commission had cleared the planned exit of Telecommunication Consultants India (TCIL) for its 30% stake in Bharti Hexacom.
NBC reporter Michael O'Brien said the legacy of President Barack Obama would be on the line as he awaits Congressional approval on air strikes against Syria.
The award to Tokyo as the 2020 Summer Olympics host leveraged to pass gambling casino legislation. Two major gaming firms, Las Vegas Sands Corp and MGM Resorts International are searching for sites to build casinos in Japan.
The higher interest rates imposed on small businesses hurt the Spanish recovery program. Despite the expansion of Spanish manufacturing and services sectors of the country, which is the first time in the past two years, the lack of available funds for lending clearly hindered the growth of the country.
