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.
Legal & Regulatory
US veterans to take deadlock protests to White House
US veterans had protested in Washington last Sunday in fear that their benefits might be affected if no agreement would be reached to end the partial shutdown of the government.
Europe's Clean Energy investment falls by 14%
Europe's clean energy investment had fallen 14% after cheaper US natural gas had lured more investment, said a London-based research firm.
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.
Latest News
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.
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.
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
According to a study, airport modernization programs are necessary to improve services. According to the study conducted by the aviation consultancy firm CAPA in partnership woth aviation IT solutions provider SITA, special provisions such as WiFi inflight, use of mobile devices, self-check in areas, biometrics and e-Passports should be implented in the new airports in India.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Due to so-called 'exogenous shocks', Jordan leverages release of third tranche of the IMF funding.
