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.
Legal & Regulatory
Currency swap between South Korea and UAE finalized
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 share values jump 40% since IPO
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 position for Alitalia capital increase remain unclear
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.
Unicredit to re-list HVB shares in the bourse
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.
Latest News
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.
The proposal to extend the debt ceiling another six weeks is untenable, according to US President Obama, causing a further delay in the deal.
Because of the failure to maintain good manufacturing standards, the UK regulatory authorities have withdrawn Wockhardt's certification of good standing.
Co-CEO Anshu Jain of Deutsche Bank said investigations of wrongdoing further eroding public trust in financial markets.
Emerging markets cry foul over the continued inaction on 2010 reforms passed in the International Monetary Fund.
To protect itself from spy intrusions, Deutsche Telekom is instituting local routing of domestic traffic.
China had formally protested bilateral ties between the European Union and Taiwan. Beijing raised objections to the actions done by the European Parliament to build closer trade ties with Taiwan.
With Congress working feverishly, the current budget impasse and the debt ceiling may become an economic superstorm.
