Sunday 26 October 2014
 
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US soldier flies to freedom after Afghan prisoner swap

The sole American prisoner of war held in Afghanistan was being flown to a US military hospital in Germany on Sunday, after he was dramatically freed in a swap deal for five Taliban militants who were released from the Guantanamo Bay prison in C

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Mubadala, Shell swap Malaysia oilfield stakes

Abu Dhabi-based Mubadala Petroleum and Royal Dutch Shell have swapped equity stakes in two exploration blocks off Malaysia, the companies said on Sunday. Mubadala has taken a 20 per cent interest in the Shell-operated deepwater Bl

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Mis-sold swaps may cost UK banks billions

British banks face another round of compensation claims that could total billions of pounds after the regulator found they had widely mis-sold complex interest-rate hedging products to small businesses. The interest-rate swaps are

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Syria rebels free 48 Iranians in prisoner swap

Syrian rebels freed 48 Iranian hostages on Wednesday in exchange for the release of more than 2,000 civilian prisoners held by the Syrian government, the head of a Turkish aid agency which helped broker the deal said. The Syrian r

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IIFM to launch template for profit-rate swaps

International Islamic Financial Market (IIFM) is set to launch a template for Sharia-compliant profit-rate swaps, designed to help in hedging risk in frequent cross-currency transactions next year, said its chief executive. Ijlal Alvi said

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US cracks down on commodity traders

The United States is set to pass narrowly on Tuesday its toughest measures yet to curtail speculation in commodity markets, likely shifting the focus of a fierce four-year debate from the regulators to the courts. In a measure decried by W

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Russia, US swap 14 spies in Cold War-style

Russia and the US conducted the biggest spy swap since the Cold War yesterday (July 9), trading agents on the Vienna airport tarmac in an evocative climax to an espionage drama that had threatened improving ties. Two aircraft -- one Russia

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UAE sets rates for new swap facilities

The United Arab Emirates central bank on Thursday posted the spot and forward exchange rates for its new swap facilities with maturities ranging from one-week to 12 months. The central bank of the world's fifth-largest oil exporter sai

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Saudi swaps to last four years

Swap agreements allowing non-resident foreign investors indirect ownership in listed Saudi firms will last a maximum four years, the Saudi bourse regulator was quoted as saying on Tuesday. The Capital Market Authority (CMA) last week said

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Algeria asks Russia to swap MiG-29s for Su-30 fighters

Algeria has asked Russia to deliver between 14 and 16 additional Su-30 Flanker fighters in exchange for the MiG-29 Fulcrum aircraft it was supposed to receive under a contract that was terminated this year, a Russian business daily said.

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