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The agency that failed to catch Bernard Madoff’s $65-billion ponzi scheme would have its funding doubled under legislation being considered by a key congressional committee.

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The yen advanced sharply as a sell-off in global equity markets heightened investor risk aversion and stoked haven demand for the the low-yielding Japanese currency.
As U.S. regulators consider reining in excessive energy speculation, the two major U.S. futures exchanges square off over whether authorities should impose a blanket cap on positions traders hold on one exchange.

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Global equity markets put in uncertain performances on Tuesday as strong gains for energy stocks were offset by disappointing US economic data
India's leading shares slip 2% after the country's central bank says it is time to end some of its support measures.
The greenback drops to a 14-month low against the euro after the PBC suggests that the share of the euro and the yen should increase in its foreign exchange reserves
Willis Group says quarterly profit more than doubled, as the insurance broker benefited from its acquisition of rival Hilb Rogal & Hobbs and a change in U.K. tax law.

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A sudden burst of selling on Wall Street drove a late reversal for stocks in Europe, leading to haven buying for the dollar
Relief over the ending of recession in the third quarter will be tempered by concerns over consumer spending because of rising unemployment
High Street banks should not pay cash bonuses of more than £2,000, shadow chancellor George Osborne is set to say.
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