NZ Prime Minister John Key, despite the write down of key assets, expects to reach the lower end of initial targets for revenues for share sales of government owned interests.
Sovereign wealth funds
London edifice may be sold off
One of the tallest towers in the London business district would be sold off as its ownership group are at odds over a loan contracted for the property.
Hungary files to sell bonds in the US
Hungary applied for permission to sell bonds in the US market. The European Union's most heavily indebted member nation had filed with the US regulatory authorities for the issuance of USD5 billion worth of bonds.
Analysts expect US Federal Reserve to be cautious with tapering-report
A Reuters report expected the US Federal Reserve tapering to be cautious. According to a Reuters report, expectations were rife that the US Federal Reserve would be cautious about the tapering of its stimulus package.
UK goverment may earn GBP60 million from first Lloyds exit
The British goverment said in a statement today that through UK Financial Investments Ltd, it has sold its 6% of its issuing stock in Lloyds Banking Group Plc for GBP3.2 billion.
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The meeting of the Federal Reserve this week comes at a time when the next chairman is still unknown.
A source told Reuters that Boeing Co would be picked as South Korea's supplier for its fighter jets in a KRW8.3 trillion or USD7.64 billion agreement.
According to a statement from Mongolia's Prime Minister, the country would sell its Samurai bonds this year in a deal valued to as much as USD1 billion.
Lawrence Summers, ex-economic aide to US President Barack Obama, had withdrawn from consideration to succeed Federal Reserve outgoing chair Ben Bernanke.
China had set aside CNY80 billion for its local gas and oil projects to boost internal energy supplies.
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
Despite an European Council legal opinion, the EU maintains that the financial transaction tax issue is a misunderstanding.
The governments of the United States and Russia came to an agreement to seize the Syrian government's arsenal of chemical weapons within the week.
Italian Banca Monte dei Paschi di Siena has raised its capital for the bank's revised bailout plan to EUR2.5 billion or USD3.3 billion.
