Social Security continued to wait for their benefit increase announcement for their cost-of-living adjustment.
Investors
Angola imposes consumption tax on oil firms
Angola would be imposing a 10% tax on oil firms operating in the country. Angola, the second largest oil producer in Africa, would levy a consumption tax on oil companies.
Australian and New Zealand stocks fells amid US deadlock
The stocks of Australia and New Zealand fell as the deadline to settle debt for the United States looms near, said a report from Bloomberg.
Yen gains over peers as US debt default looms
The Japanese Yen had increased versus all its major peers as no progress was seen between US President Barack Obama and the House Republicans to end the US shutdown.
Food stamps stimulus set to end October 31
The temporary increase of the food stamp program would end by the end of this month. The temporary stimulus for the Supplemental Nutrition Assistance Program (SNAP) would expire by the end of the month.
Latest News
US Senators struggled to end the partial government shutdown as the nation's deadline on incurring a default on debt draws near, said a Reuters report.
The Bank of Korea recently announced a USD5.4 billion currency swap deal with the United Arab Emirates for a period of three years.
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors. The Abu Dhabi and Kuwaiti sovereign wealth funds have respectively reported a profit of USD30 million each from their investments made in the recently sold UK Royal Mail.
Air France-KLM, a top shareholder in Italy’s Alitalia, did not make a clear position regarding a proposed capital increase to save the near-bankrupt air carrier.
According to German paper Welt am Sonntag, Deputy Chairman Guo Ping of Huawei said that the telecoms network does not intend to engage in any takeover plans.
The bid for Royal Bank of Scotland amounts to GBP8 billion and is being reviewed to be done by TD Bank.
In a statement, Credit Suisse said it found no evidence of foreign market manipulation. In an interview published Sunday, Credit Suisse said it discovered no evidence of foreign market manipulation.
After delisting the HVB shares in 2008, Unicredit is relisting its German units shareholders. Unicredit is studying to list a minority stake in its German unit, HVB.
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
