18 September, 2013 07:39

Euro gains as German ZEW at highest since April 2010. * But rise limited as focus centers on U.S. Fed meeting. * Markets expect modest tapering of stimulus by Fed.

The Reserve Bank of India, on Tuesday, asked banks to close the accounts of customers using credit or debit card for online forex trading transactions, which are prohibited.

Banks approved for foreign exchange (forex) transactions in China bought more foreign currency than they sold in August, data from the nation’s top forex regulator showed on Tuesday.

Despite the addition of more than two million jobs last year, soaring corporate profits and continuing economic growth, income for the typical American household did not rise in 2012 and poverty failed to fall..

Asia’s top companies were less upbeat about their business outlook in the third quarter of 2013 as concerns about the global economy and rising costs dampened sentiment…

Federal Reserve officials will face at least three sources of economic uncertainty when they gather Tuesday and Wednesday: rising U.S. interest rates, unsettling events abroad and another battle in Washington’s long-running budget war.

Pre-orders for Apple Inc’s new plastic-backed, brightly colored iPhone 5C have not been “overwhelming,” and supply of both that model as well as a more expensive phone has been disappointing..

India’s rupee fell the most in two weeks as the Federal Open Market Committee starts a meeting today to decide whether to taper stimulus that has driven demand for emerging-market assets.

New figures from Nomura Holdings show the Indonesian rupiah to be Asia’s worst performing currency. The rupiah has weakened almost 14% since the start of June, compared with a 10% slide in the Indian rupee.

Tony Abbott was sworn in as Australia’s new prime minister on Wednesday and promised immediate action to slow the stream of asylum seekers arriving by boats from Indonesia and to repeal an unpopular carbon tax..

Chancellor Angela Merkel got good and bad news on Sunday from Germany’s economically powerful state of Bavaria: her conservative allies captured an absolute majority in elections for the regional Parliament..

President Barack Obama said on Tuesday that Iran’s new President Hassan Rouhani appears to want to open a dialogue with the United States and that he is willing to test whether this is the case…

The Brazilian president, Dilma Rousseff, snubbed Barack Obama on Tuesday by postponing an official visit to Washington in protest at the spying activities of the US National Security Agency.

Japan’s Prime Minister Shinzo Abe made the case Tuesday for what would be one of the most radical changes to the country’s postwar military: expanding its now strictly limited self-defense role. In a stance Mr. Abe calls “active pacifism..

The decade-plus battle in Texas on whether to teach lessons on evolution and climate change flared up again Tuesday, as advocates on both sides pled their case in a debate on proposed high school biology textbooks.

Twenty-eight members of the 2013 Forbes 400 built their fortunes through the management of hedge funds. Now making up 7% of America’s wealthiest individuals, their number decreased over the past twelve months from the 31 managers that made the list …

What now for Zimbabwe? The African country produced perhaps the best performance of its checkered existence as a test-playing nation when it beat Pakistan by 24 runs in Harare on Saturday.