Shrinking Sovereign Wealth Funds Are Ducking Davos
In the days of the commodity boom a few years ago, oil-rich nations and their petrodollar wealth were the darlings of the World Economic Forum. A panel that included Kuwaiti, Saudi and Russian...
View ArticleVenezuela Said to Request Emergency OPEC Meeting Amid Oil Slump
Venezuela sent a letter to fellow OPEC members requesting an emergency meeting as the continued collapse in crude prices hurts the group’s most vulnerable members, according to four people with...
View ArticleKey facts behind China’s warming ties with Saudi Arabia, Iran and Egypt as Xi...
China and Saudi Arabia agreed to expand their bilateral ties to form a comprehensive strategic partnership and boost industrial capacity cooperation on Tuesday during President Xi Jinping’s state visit...
View ArticleXi Jinping’s Middle East tour update: China signs oil deal worth US$1.5...
China and Saudi Arabia agreed to expand their bilateral ties to form a comprehensive strategic partnership and boost industrial capacity cooperation on Tuesday during President Xi Jinping’s state visit...
View ArticleGulf shares hit by fresh sell-off, Saudi stocks fall 5%
Middle East stock markets plunged to multi-year lows again on Wednesday, with the Saudi market losing five per cent of its value, in response to a fresh drop in oil prices and global equities. Riyadh's...
View ArticleXi Jinping’s Middle East tour: China eyes oil trade growth as it agrees...
China and Saudi Arabia agreed to expand their bilateral ties to form a comprehensive strategic partnership and boost industrial capacity cooperation on Tuesday during President Xi Jinping’s state visit...
View ArticleUK weapons sale to Saudi Arabia violates int.l law: Pundit
Press TV has conducted an interview with Seif Da'na, professor at University of Wisconsin in Chicago, and Michael Lane, founder of American Institute for Foreign Policy in Washington, to discuss...
View ArticleSARB to Act With `Resolve' If Inflation Expectations Deanchored
South Africa’s central bank will “act with resolve” should inflation expectations become deanchored following the rand’s decline against major currencies, Reserve Bank Governor Lesetja Kganyago said....
View ArticleDevalue or Watch Your Stocks Tumble: Investor Message to Nigeria
Nigeria’s stocks are caught in a devaluation trap. Not even the best day for emerging-market equities in two months could buoy demand for stocks in Africa’s biggest economy on Tuesday. The All Share...
View ArticleChinese president arrives in Saudi Arabia on Mideast tour
RIYADH, Saudi Arabia (AP) — Chinese President Xi Jinping has arrived in Saudi Arabia for a two-day visit as part of a Middle East tour that will include stops in Egypt and Iran. Saudi state television...
View ArticleChina Has No Intention to Devalue Yuan, Vice President Li Says
China’s vice president underlined the Communist leadership’s pledge to avoid pursuing a policy of devaluation of the yuan, after criticism that his nation’s policy makers haven’t been clear on their...
View ArticleTrader Talk in Currency-Rigging Suit Draws Scrutiny From U.S.
Investors’ pursuit of the world’s biggest banks in a civil lawsuit over currency trading reveals details about trader conduct that has also drawn the scrutiny of U.S. prosecutors, according to...
View ArticleEuro Tumbles as Draghi Removes Any Doubts He's Ready to Act
The euro fell the most in almost two weeks against the dollar after European Central Bank President Mario Draghi hinted at further monetary stimulus at its next meeting. Euro chart Speaking after...
View ArticlePresident Xi Jinping Arrives in Riyadh for State Visit to Saudi Arabia...
(Source: Ministry of Foreign Affairs of the People's Republic of China) On January 19, 2016 local time, President Xi Jinping arrived in Riyadh by special plane, starting his state visit to Saudi...
View ArticleGoldman Sticking to Inflation Call Even as Price Outlook Tumbles
Inflation bulls are sticking to their guns. Just when about every consumer-price indicator is saying inflation is close to dead, Goldman Sachs Group Inc. stands by its view that investors should buy...
View ArticleHedge fund that called subprime crisis urges 50% yuan drop
Mark Hart, the hedge fund manager whose bets against US subprime mortgages and European sovereign debt proved prescient, said China should weaken its currency by more than 50 per cent this year. A...
View ArticleChina offers support for Yemen government as Xi visits Saudi Arabia
BEIJING (Reuters) - China has signaled its support for Yemen's government, which is fighting an Iran-allied militia, on the first day of a visit to Saudi Arabia by Chinese President Xi Jinping, who...
View ArticleSaudi Arabia's foreign minister just gave an utterly unconvincing reason for...
There's a transparent problem with this entire line of argument, though. The oil price is partially set by production and price targets set within the OPEC oil cartel, of which Saudi Arabia is the most...
View ArticleCurrency Traders Renew Risk Demand as Draghi Aids Oil Exporters
Risk is back in vogue for foreign-exchange traders after European Central Bank President Mario Draghi’s hint of further monetary stimulus helped fuel a rally by currencies from commodity-exporting...
View ArticleNigeria's Emefiele to Tackle Currency Speculation, Saraki Says
Nigeria’s central bank plans to tackle currency speculation as the naira faces mounting exchange-rate pressure amid a slump in crude oil prices, Senate President Bukola Saraki said....
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