Sovereign wealth funds
Federal Reserve scales down asset purchases
In response to developments in US economy, Fed officials scaled back asset purchases. In a report by Reuters, the Federal Reserve scaled back asset purchases following the slow improvement of the US economy.
Royal decree for bailout funds set to be vetoed by Bahraini parliament
The King Hamas decree granting BHD185 million bailout to Gulf Air is set to be vetoed by a number of MPs since it was done while Parliament was in recess.
Fed's Fisher calls out government
The president of the Federal Reserve Bank of Dallas has called out the US leadership on its continued gridlocks in a speech held in Sydney, Australia.
Centrica prepares to scrap £2 billion wind farm plans
Centrica decided to scrap plans for £2 billion wind farm unless the government subsidies to be given will be significantly increased.
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Only the issues of sovereign guarantees by Pakistan for the purchases of gas from India hinder the finalization of the agreement between the two countries.
The US Federal Reserve would be making changes in its asset-buying program should a significant shift in the labor market and inflation would be seen.
A Reuters article urged the Greek government to put more effort into investment programs that would encourage more local startups.
Various investors and strategists react to the decision of the Federal Reserve. On Wednesday, The Federal Reserve had extended support for the slowing economy of the US.
Disagreements slowed down talks about the USD 13 billion settlement of JPMorgan Chase & Co and the US Department of Justice, sources told Reuters.
Reuters reported that the use of FIRREA in the Department of Justice's case against Bank of America could change the relationship between Wall Street and the government regulator.
Discussions for the formation of a grand coalition government in Germany had already begun. Talks had begun in Germany for a grand coalition government to be put in place by Christmas.
A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.