Search Results for: Oil price
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating
November 2nd, 2015
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a notch, from AA- to A+ with “a negative outlook”, citing ...
Global Stocks Fall Ahead of Fed Meeting
October 27th, 2015
Global stocks fell Tuesday as investors looked ahead to the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday. The Stoxx Europe 600 was down 0.6% in early trade after U.S. stock markets mostly fell Monday on lower ...
Saudi Arabia to run out of cash in less than 5 years
October 26th, 2015
Not even the mighty Middle East can survive cheap oil forever. If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the ...
Asian stocks advance on China rate cut, U.S. tech earnings
October 26th, 2015
Asian stocks on Monday were close to wiping out all their losses since China’s shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates and U.S. tech giants provided upbeat earning guidance. MSCI’s ...
Saudi Arabia warned financial assets may be drained within five years
October 22nd, 2015
The IMF has warned that regional economies could burn through their financial buffers within five years as they face a $700 billion deficit. The fund lowered its projection for Gulf growth to 3.3 per cent this year, down from ...
China small-caps lead gains; rest of Asia mixed
October 22nd, 2015
Chinese stocks recovered from the prior day’s sudden sell-off, as a surge in small-caps rekindled investor interest. The rest of the region, however, put up a mixed performance as renewed weakness in commodity prices and an uninspiring lead from ...
Foreign Investors Complain About Russia’s Unpredictable Laws
October 21st, 2015
Unpredictable lawmaking is undermining Russia‘s ability to attract foreign investors, the Foreign Investment Advisory Council (FIAC) — a group of the biggest foreign companies working in Russia — told Prime Minister Dmitry Medvedev on Monday. A report by financial services ...
Asia shares lag behind Nikkei, euro firm for ECB
October 21st, 2015
Asian shares turned mixed on Wednesday as soft export data kept investors cautious ahead of the European Central Bank‘s policy meeting later in the week, though Japan’s market was having a go at setting a new peak for the ...
The 5 Biggest Market Events of 2015 So Far
October 19th, 2015
2015 has certainly been an interesting year as far as the world of finance is concerned. The markets have undoubtedly seen some tumultuous times, particularly in recent months, so today we’re going to look at the five biggest market ...
