Search Results for: US economy
Retail gold prices drop as much as Dh11.75 in one month
November 23rd, 2015
Majority of retail investors expect prices to decline further this week Gold’s retail price in Dubai has dropped by more than Dh11 per gram in just about one month, thanks to rising expectations that the Federal Reserve in the ...
CySec informs on Contribution of CIFs to the Single Resolution Fund and National Resolution Fund
November 23rd, 2015
The Cyprus Securities and Exchange Commission (CySec), the Cyprus financial regulatory authority, has issued today a circular to inform Cyprus Investment Firms about their contribution the Single Resolution Fund and National Resolution Fund. CySec’s Circular informs in relation to ...
Why rich Chinese are buying vineyards, islands in cash
November 23rd, 2015
A hundred years ago, Amadeo Modigliani painted a portrait of his wild British mistress splayed across a red velvet throw, nude, her hips arched, her kohl-rimmed eyes shut. The artist was hardly trying to play it safe – Paris ...
Is This How the Next Global Financial Meltdown Will Unfold?
November 23rd, 2015
In effect, a currency crisis is simply the abrupt revaluation of the currency to reflect new realities. I have long maintained that the structural imbalances of debt and risk that triggered the Global Financial Meltdown of 2008-2009 have effectively ...
Is Anybody Okay Out There?
November 20th, 2015
In normal times, the world’s major economies are a mixed bag. Some are up, some are down, some are placid, some are in crisis. It’s only at the boom/bust extremes that everyone finds themselves in more-or-less the same boat. ...
China Has a $1.2 Trillion Ponzi Finance Problem
November 20th, 2015
Some 45% of new debt will be used to pay interest: Hua Chuang `Ponzi’ finance was seen by Hyman Minsky as unsustainable Chinese borrowers are taking on record amounts of debt to repay interest on their existing obligations, raising ...
G20 leaders endorse OECD measures to crack down on tax loopholes
November 19th, 2015
G20 leaders endorse OECD measures to crack down on tax loopholes, reaffirm its role in ensuring strong, sustainable and inclusive growth The leaders of the world’s 20 largest economies today endorsed overhauled global standards to crack down on tax ...
Egypt’s new central bank chief faces bitter pill of currency devaluation or IMF aid
November 19th, 2015
Spare a kind thought for the travails that Tarek Amer, the newly appointed governor of Egypt’s central bank, will be facing when he formally takes up his post on November 27. He could have had no illusions how disastrous ...
After Grexit and Brexit, now is Fixit? a Finnish exit of the single currency
November 19th, 2015
A ‘Fixit’? Finland to debate leaving the euro zone We’ve heard of a “Grexit” and “Brexit” to refer respectively to the threat of Greece and Britain leaving the euro zone and European Union. But now there’s a “Fixit” – ...
Asian Stocks Gain With Oil as Dollar Falls on Dovish Fed Minutes
November 19th, 2015
Topix holds gains as Bank of Japan leaves policy unchanged Euro, ringgit rally as Fed signals tightening will be gradual Stocks rallied across Asia after U.S. Federal Reserve meeting minutes reaffirmed policy makers’ faith in the world’s biggest economy ...
