Leading stories of the day
Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash, because emerging markets lack defenses to prevent potentially huge capital outflows, top officials…
The rupee fell past 65 to the dollar to a record low on Thursday, after Federal Reserve minutes hinted that the…
NEW DELHI—As India’s economy shifted into low gear earlier this year, sales at the country’s largest car manufacturer also lost steam,…
India’s biggest stock-market swings in 16 months are poised to continue, boosting options prices as the prospect of reduced Federal Reserve…
(Reuters) – A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the Justice Department is trying…
(Reuters) – India’s currency cartwheeled to historic lows on Monday while markets in Indonesia took a spill, evidence of how rising…
Gold may extend a rally from a two-month high as an increase in demand from jewelry buyers in China and India…
Gold rose to the highest in almost two months and silver capped the biggest weekly rally since 2008 on signs of…
Gold traders are the most bullish in five months on signs that demand for coins and jewelry increased during a plunge…
(Reuters) – The Dubai-based investment firm that bought English soccer club Leeds United in December after lengthy negotiations sold more than…
By Dinesh Nair (Reuters) – A unit of Libya’s sovereign wealth fund is in talks to buy a 35-percent stake in…
High oil prices and poor returns on safe assets have pushed the GCC’s huge sovereign wealth funds into riskier investments in…
Global investors have become significantly more confident in the outlook for growth, according to the BofA Merrill Lynch Fund Manager Survey…
(Reuters) – The Dubai arm of Australian contractor Leighton Holdings is seeking more than 1 billion dirhams ($272 million) from a…
Bloomberg By George Smith Alexander & Anto Antony – Aug 13 India’s economy is growing at the slowest pace in a…
Aug 13 (Reuters) – Abu Dhabi developer Aldar Properties, Abu Dhabi’s biggest property firm, said on Tuesday that its Chief Executive…
DUBAI, Aug 12 (Reuters) – Lenders including Deutsche Bank, HSBC and China Development Bank are resisting calls by Saudi Telecom (STC)…
(Arab News): Makkah is witnessing mega-development projects at a combined cost of more than SR300 billion, according to Makkah Mayor Osama…
By Asa Fitch As Dubai’s economy rebounds, the number of commercial disputes in one of its main courts appears to be…
Two Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past two weeks, but higher yield…
Abu Dhabi developer Aldar Properties laid out plans to cut its $3.8 billion debt by more than half in coming years…
The U.K. markets regulator fined a compliance officer and a broker a total of about 116,000 pounds ($180,000) for enabling Rameshkumar…
Aug 8 (Reuters) – Looking beyond the problems of a region beset by regime change in Egypt, a security crisis in…
DUBAI, Aug 7 (Reuters) – Two Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past…
Mubadala Development Co., the Abu Dhabi sovereign wealth fund, is fighting to avoid losses on its $2 billion investment in Eike…
The Organization of Petroleum Exporting Countries will cut shipments by the most since December as refiners in the U.S. and Europe…
Siemens said it will supply the key components for a major combined-cycle power plant in the Kingdom of Saudi Arabia. The…
Forbes editors and reporters recap the past week, from Ben Bernanke to financial regulation and faltering restaurant stocks, then look ahead…