The US and European governments won't be able to make any significant cut back on its deficits, according to investors.

Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.

The IMF released Ireland's aid fund for its bailout due to 'steadfast' economy. (Photo : REUTERS)The Irish flag flies above the General Post Office on O'Connell Street in Dublin The International Monetary Fund announced its approval of Ireland's bailout program.

Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.

The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.

Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.

Finance ministers in the Euro zone agreed to systematically rescue important banks with a Eur60 billion bailout fund.

Investors used the mid-year point to review fund portfolios making requests to pull out cash from hedge funds increase in June.

Russian president Vladimir Putin announced US$13 billion investment plan on Friday during the annual business forum held at St. Petersburg.

Stockholders at Trio Merger approved merger with SAExploration during the special meeting held today by the company.