American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
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Federal Reserve says US economy remains steady even budget battle started
The US Federal Reserve's Beige Book report reflected a somewhat stable US economy in its first week of the government shutdown.
eBay blames US government shutdown and consumer spending habits for low holiday forecast
EBay Inc's fourth quarter earning estimates were in the range of USD0.79 to USD81 per share, lower than analysts' estimates.
Top officers of China Solar Energy Holdings Ltd arrested
The Chairman and two other senior executives of China Solar Energy Holdings Ltd were arrested by Chinese authorities.
UK government to decide next month on RBS split- report
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
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The International Monetary said Italy would need to make supply-side reforms to boost its growth. Italy's growth has been hampered with high debt, an unstable government, red tape and low growth.
Lia Forcina, Alidod Shirinbekov and John Levavasseur left SAC UK for greener pastures. SAC Capital Advisors LP's Lia Forcina had managed over USD700 million during her stint in the firm.
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
TPG Capital agreed to buy a stake in Phoenix Satellite Television from Star Entertainment for a price tag of USD 214 million.
The CEO of India's largest commodities bourse quit his job as CEO. Last Saturday, the Multi Commodity Exchange of India Ltd had announced its Managing Director and CEO Shreekant Javalgekar had formally submitted his resignation from the company.
Fresh investments were promised by BP and Reliance Industries in oil and gas. The top executives of BP and Reliance Industries, CEO Bob Dudley and Chairman Mukesh Ambani respectively, jointly promised fresh investments worth up to USD10 billion in oil and gas.
Caesars Entertainment would no longer be partnering with Suffolk Downs to bid for a casino gambling license in the Boston area.
China-based Alibaba said it understood the importance of big data in driving its e-commerce business.
Dubai Land Department's managing director announced the launch of its e-Market website during the GITEX Information and Technology Exhibition.
