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.

French utility company Electricite de France (EDF) would be joining forces with Areva and two Chinese nuclear firms to build a nuclear power plant in the UK.

Pope Francis meets with ECB President Mario Draghi for unspecified matters. The head of the Roman Catholic Church, Pope Francis, had held discussions with European Central Bank President Mario Draghi during a private audience held last Saturday.

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.

Because of findings by gaming authorities as to alleged Russian mob ties, Caesars Entertainment drops Ganesvoort Hotel from its partner-investors listings.

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.

The Chairman and two other senior executives of China Solar Energy Holdings Ltd were arrested by Chinese authorities.