Kuwaiti Finance Minister Sheikh Salem Abdulaziz al-Sabah said the government is reviewing its subsidies system to its residents and subsidies.

The initial public offering of Meridian Energy Ltd could raise up to NZD 2 billion. Two people who were familiar with the matter said the government of New Zealand would stand to gain in the public listing of state-owned Meridian Energy Ltd.

TrueEX's application for interest rate swap facilities is the next step to consolidate the market.

Egypt was able to leverage a longer term to pay back the aid package provided by Kuwait. Kuwait had given Egypt five years to repay a USD2 billion central bank deposit.

Chinese government think-tank Development Research Center had proposed a lift of the ban to sell bonds in order to reduce its local governments' USD4 trillion debt.

A bid from a private equity firm for its cash solutions business is being mulled by G4S. Charterhouse Capital Partners LLP is contemplating the bid amounting to GBP1 million or USD1.

A total of USD13 billion is to be paid out by JPMorgan under the tentative settlement agreement forged with US authorities related to mortgage backed securities.

According to banking sources, the Financial Times said the IPO of UK's Royal Mail was underpriced.

Bernie Madoff's sons were vindicated for the civil case over the properties of their father in the UK.

The five year ban on holding public office for Silvio Berlusconi was upheld but reduced from five years to two years.