Virgin Islands, British Government News

Tortola Capital news analysts report that President Obama is set to propose a bill that will grant federal authorities the power to limit insurance rate increases.

Eastern Jiangsu province raised its monthly minimum wage rate 13 per cent to Rmb960 ($140) last week.

Stock markets are pummeling amid concerns surrounding European budget deficits, China’s plans to curb economic growth, and proposals for regulatory changes in Washington.

Budget deficits in Greece and Portugal caused the euro to fall for the fourth straight day, as investors eying the currency shy away from buying the regions increasingly instable assets, say Tortola Capital analysts.

Governments are taking policy action to curb China's artificial export advantage, reports Tortola Capital.