Economy

Former head of UBS's global wealth management business, arrested in October in Italy, receives bail in tax evasion case.

U.S. House of Representatives passes first bipartisan federal budget in four years. Senate to vote next week.

2013 is expected to exceed 2012 in volume of global corporate bonds issued, with much of the growth coming from speculative-grade companies.

Plan will ease slightly the one-child policy, develop a "mixed-ownership economy," and accelerate convertibility of the yuan, among other changes.

Displaced as manager of world's largest mutual fund, Pimco bets at least $10 billion on U.S. credit-default swaps.

Capital spending begins to accelerate, as U.S. businesses spend down cash reserves and take advantage of easing credit.