Legal & Regulatory
Wal-Mart Stalls Expansion to India
Wal-Mart’s expansion to India was stalled after stating that the company needs around 12 to 18 months before it can open its first retail outlet in the country.
German Bundesbank Head Warns of ECB intervention
Germany's Bundesbank head says that the ECB cannot solve the current Eurozone crisis. According to Bundesbank Chief Jens Weidmann, the European Central Bank cannot solve the current Euro Zone crisis.
European Banking Authority to create banker database
To prevent cross border issues, the European Banking Authority stands to create a database on bankers and key bank functions for sharing between countries.
Philippine Stock Exchange Says Sales Record Achievable.
The PSE President Hans Sicat says sales record still achievable within the year. According to the Philippine Stock Exchange, the target for record shares sales for 2013 is still achievable.