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.
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
US Senators struggle to end deadlock as default looms
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.
Royal Mail share values jump 40% since IPO
Royal Mail shares, criticized to be valued too low, had netted hefty profits for its investors.
Social Security recipients wait for 2014 benefit increase announcement
Social Security continued to wait for their benefit increase announcement for their cost-of-living adjustment.
Food stamps stimulus set to end October 31
The temporary increase of the food stamp program would end by the end of this month.
F-35 pilot helmets to be made by Israeli company
Israel-based Elbit Systems would be making the pilot helmets for the F-35 Joint Strike Fighters.
TD Bank studying options to bid for Royal Bank of Scotland
The bid for Royal Bank of Scotland amounts to GBP8 billion and is being reviewed to be done by TD Bank.
Credit Suisse finds no evidence of forex market rigging
In a statement, Credit Suisse said it found no evidence of foreign market manipulation.
Taiwan and China expand partnership and cooperation
Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China.
Abu Dhabi's TDIC seeks new loan facility
A loan with lower interest rate is what Abu Dhabi's Tourism Development and Investment Co is seeking for the completion of its project in the United Arab Emirates.
