The Federal Reserve, the central bank of the United States, raised its benchmark target for the federal funds rate by 25 basis points to 0.75 percent "in view of realized and expected labour market conditions."

The European Central Bank (ECB) left is key policy rates steady, as widely expected, but raised the prospect of changing its policy measures in December by underscoring that risks to economic growth "remain tilted to the downside" and it will continue to use all available instruments to ensure that inflation continues to rise.

Malaysia (A3 stable) and Indonesia (Baa3 stable) continue to regularly issue long-term sovereign sukuk while Gulf countries have favoured conventional debt structure to finance their deficit, says Moody's Investor Services. On balance, Moody's Investors Service considers that issuance levels will be in line with historical levels and may approach $28 billion in 2016.

Blackberry has officially quit the phone making business 14 years after releasing its first product. A statement released by the company confirmed the development.