business

Will High-Yield Market Stay Hungry and Foolish?

By Althea Spinozzi, Sales Trader at Saxo Bank If you are passionate about the financial market, you must have seen some of those old-fashioned Wall Street movies where the trading floor at the exchange was full of screaming people pushing to buy and sell assets. Unfortunately, this romantic image of the financial market we grew

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Iraq in Market to Raise $1 billion, first Standalone Bond in Over Decade

By Davide Barbuscia DUBAI, Aug 2 – Iraq started marketing a $1 billion bond on Wednesday, its first international debt issuance as a standalone credit since 2006 and an attempt to put decades of turmoil behind it. With huge oil reserves behind it, the bond was seeking to tempt emerging market investors with alluring profits

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Business Outlook: ‘Make or Break’ for OPEC

 By Ole Hansen Hedge funds and oil traders in general have had a difficult quarter, particularly given the Opec/non-Opec production cut deal’s failure to boost prices. The outlook for gold, however, is more bullish given geopolitical uncertainties and policy risks. “We maintain a bullish outlook for gold in the belief that the risk to the

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Advertising Rates Soar Amid India vs. Pakistan Cricket Final

By Sanjeev Miglani and Amlan Chakraborty NEW DELHI, June 18 – Television advertising rates for Sunday’s cricket final between India and Pakistan are 10 times the normal price, industry sources said, as millions of fans are expected to tune in for a clash that last time ranked among the six most-watched sporting events. Pakistan, the

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Qatar Can Defend Economy and Currency: Finance Minister

DUBAI, June 12 – Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday. He added that the countries which had imposed sanctions would also lose money because of the damage to business in the region.

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S&P: Negative Rating Actions Taken On Qatari Banks

• On June 7, 2017, S&P lowered its long-term sovereign credit rating on the State of Qatar to ‘AA-‘ and placed it on Credit Watch with negative implications. In S&P’s view, the moves by a group of governments to cut diplomatic ties and trade and transport links with Qatar will exacerbate the country’s external vulnerabilities

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What Does 2017 Hold for Middle East Investors?

By Ali Janoudi and Simon Smiles In 2017, Middle Eastern investors will confront a world marked by policy shifts and a rising likelihood of reflation. In certain respects, the Middle East itself has also contributed to this trend. Coupled with potential fiscal stimulus in the U.S., OPEC’s decision to cut oil output for the first

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EXCLUSIVE: Saygin Yalcin’s top tips for a successful startup

Saygin Yalcin is a German entrepreneur of Turkish descent. He is the founder and CEO of SellAnyCar.com, and a partner at one of the region’s leading e-commerce company Souq.com Group, which was recently acquired by Amazon for $650 million. But that’s not all. Yalcin made headlines after he gifted a $250,000 Rolls Royce to Kendall Jenner last year on

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Ten non-EU Financial Centres Authorised to do Business in the EU

BRUSSELS, Dec 16 – The European Union has authorized a batch of countries outside the bloc to offer clearing and trading of securities to EU firms, under a regime that Britain may also have to use after Brexit. The EU’s executive European Commission said on Friday it has granted so-called equivalence to the clearing houses

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