Search Results for: Big Four
UAE stocks get off lightly as global rout persists
August 25th, 2015
UAE investors helped local equities escape relatively unscathed yesterday, even as plummeting Chinese stocks and additional pressure on oil prices provoked a further global sell-off of shares. China’s Shanghai Composite plunged 8.4 per cent yesterday, despite a move by ...
Oil’s Drop Puts Spotlight on Saudi Arabia
August 25th, 2015
Some OPEC members call for renewed discussions within cartel about restraining production The plunge in global oil prices has eroded an important pillar of Saudi Arabia’s strategy of pumping freely to grab global market share: Demand growth that once ...
Brent Crude Falls Below $45 for First Time Since 2009 on Surplus
August 24th, 2015
Oil in London slid below $45 a barrel for the first time since March 2009 on concerns Chinese demand is slowing just as supplies from the U.S. and Iran threaten to swell a global surplus. Brent futures fell as ...
China’s Stocks Sink Most Since 2007 as State Intervention Fails
August 24th, 2015
China’s stocks plunged the most since 2007 as government support measures failed to allay investor concern that a slowdown in the world’s second-largest economy is deepening. The Shanghai Composite Index tumbled 8.5 percent to 3,209.91 at the close to ...
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
Arabian Gulf markets lose $58 billion as weak oil and global equity rout spark sell-off
August 24th, 2015
Billions of dirhams were wiped off the value of Dubai shares yesterday, as stock markets across the Arabian Gulf lost US$58 billion on a day of calamitous trading. The sharp sell-offs came in the wake of sliding oil prices ...
UAE open to meeting Indian oil demand – UAE economy minister
August 20th, 2015
The United Arab Emirates is open to meeting any demand for oil from India, the Gulf OPEC member’s economy minister Sultan bin Saeed al-Mansouri told Reuters on Monday. Mansouri was speaking after meeting with Indian Prime Minister Narendra Modi, ...
Law firms head to the banks as lawyers target expansion
August 19th, 2015
Lending tops £7.3bn as firms borrow to fund M&A, overseas offices, and lateral hires Long-term lending to UK law firms has risen by 28 per cent over the last four years to £7.35bn, as firms compete to capture a ...
Saudi Arabian stocks tumbled entering a so-called death cross
August 18th, 2015
Saudi Stocks Sink Into Death Cross as IMF Sees Growth Slowing Saudi Arabian stocks tumbled, entering a so-called death cross, after the International Monetary Fund said the drop in oil prices may force spending cuts and curtail the kingdom’s ...
China, the Hollow Dragon
August 17th, 2015
In terms of profitability and trade-generated wealth, China is a hollow dragon. It is widely assumed that manufacturing (a.k.a. the world’s workshop) is the source of China’s wealth. But how can this be true, given that manufacturing profit margins ...
