Standard and Poor's Dow Jones Indices upgrades Qatar and the UAE
Qatar and UAE granted emerging market status while Bahrain, Kuwait and Oman retain frontier markets.
Sovereign wealth funds
Saudi Arabia Tops Sovereign Wealth Spending League, Snatches the Spot From Singapore
Saudi Arabia's Public Investment Fund (PIF) has emerged as the world's most active sovereign investor in 2023, with deals worth billions of dollars.
IMF, World Bank Approve Historic $4.5 Billion Debt Relief for Somalia
The International Monetary Fund (IMF) and World Bank have approved $4.5 billion in debt forgiveness for Somalia...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
BC Clean-tech alliance seeks $500-mln fund from Trudeau
B.C. clean-tech companies have requested Prime Minister Justin Trudeau to allocate a $500 million venture capital (VC) fund. An alliance comprising 51 clean-tech and investment firms from B.C. provinc..
Latest News
Essar Group plans bids for water infrastructure projects
Essar Group planned to bid for water projects in India.
Bega Cheese gets regulator approval for Warrnambool Cheese bid
An Australian regulator approved the bid of AUD 407 million of Bega Cheese Ltd for the acquisition of Warrnambool Cheese & Butter Factory Co.
US stocks fall as Federal Reserve retains bond buying program
The Federal Reserve announcement that it would continue with its monthly bond purchases caused US stocks to drop.
US Fed says it will stick with bond buying policy
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
F-35 hits first ground target
The F-35 fighter jet dropped its first bomb to hit a ground target in its first delivery test.
US Federal Reserve keen to resume massive asset-buying program after government shutdown
Majority of the economists deduced that the size of the US Federal Reserve's bond-buying program would not be tapered.
Saudi Prince's Kingdom Holdings to increase Twitter stake
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Ally Financial reaches settlement with housing regulators
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
Eternal flame is lit again at JFK's gravesite
The permanent eternal flame was brought back to light the gravesite of JFK after its repair.
