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.
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Food stamps stimulus set to end October 31
The temporary increase of the food stamp program would end by the end of this month. The temporary stimulus for the Supplemental Nutrition Assistance Program (SNAP) would expire by the end of the month.
Elbit Systems-made F-35 helmets allow pilots to see through jet's wings and floor
The helmets for the F-35 fighter jet would have high-tech features that allow pilots to see through the wings and floor of the F-35.
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. The pilot helmets for the F-35 Joint Strike Fighter would be exclusively manufactured by Israel-based firm Elbit Systems and its US partner, Rockwell Collins.
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.
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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.
According to German paper Welt am Sonntag, Deputy Chairman Guo Ping of Huawei said that the telecoms network does not intend to engage in any takeover plans.
The bid for Royal Bank of Scotland amounts to GBP8 billion and is being reviewed to be done by TD Bank.
In a statement, Credit Suisse said it found no evidence of foreign market manipulation. In an interview published Sunday, Credit Suisse said it discovered no evidence of foreign market manipulation.
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.
Japan, stretched to the limit because of the increase in foreign exchange funds, is studying to have the private sector manage the funds.
According to SNB President Thomas Jordan, protecting the Swiss franc is imperative for economic health.
A venture agreement was formalized by several prominent entities with the goal of creating 'Airport City' in the city of Manchester.
Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China. A cross strait equity exchange center in Fujian is being set up by China and Taiwan.
