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March 03, 2008 |
New recession worry: Bank failures
CNNMoney
As if the economy wasn't already fighting enough strong headwinds, the risk of capital shortfalls and outright failure of the nation's banks is rising. |
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February 25, 2008 |
Dropping Gulf dollar peg would ease inflation: Greenspan
Reuters
Former Federal Reserve Chairman Alan Greenspan said on Monday near-record Gulf Arab inflation would fall "significantly" were the oil producers to drop their dollar pegs, in contradiction to Saudi policy. |
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February 18, 2008 |
Bank reserves category goes negative
Worldnet Daily
A new report from the Federal Reserve has confirmed the non-borrowed reserves of U.S. banks plummeted to a negative $18 billion at a recent accounting, reflecting an apparently worsening situation from the negative $8.8 billion reported at the end of January. |
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February 12, 2008 |
AIG acknowledges accounting flaws and raises losses to $5 billion
Int'l Herald Tribune
Accounting flaws at American International Group significantly understated the insurance giant's losses on complex financial instruments linked to mortgages and corporate debt, AIG said Monday, raising new questioning about the deteriorating health of financial companies. |
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February 07, 2008 |
Religious police in Saudi Arabia arrest U.S. citizen for sitting with a man
TimesOnline (UK)
A 37-year-old American businesswoman and married mother of three is seeking justice after she was thrown in jail by Saudi Arabia's religious police for sitting with a male colleague at a Starbucks coffee shop in Riyadh. |
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February 06, 2008 |
Dubai: International Financial Center
Miscellaneous
Zetland Financial Group has announced it will inaugurate a new office in Dubai as the United Arab Emirates' main city continues to blossom into an international financial center. |
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February 05, 2008 |
Staffing a key hurdle for Islamic banks
Reuters
A shortage of qualified staff is a key obstacle for the booming Islamic banking sector, but indiscriminate hiring could put the sector's reputation at risk, top industry executives said on Tuesday. |
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February 04, 2008 |
Islamic banking booms
Reuters
Islamic banking is poised to burst from its hubs in Malaysia and the Gulf and spread into regions which until now were unlikely hosts for the sector, but the booming industry now faces its greatest challenges yet. |
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January 29, 2008 |
Half of U.S. gold in central banks gone?
Worldnet Daily
U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week. |
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January 27, 2008 |
US mortgage crisis creates ghost town
Breitbnart.com
The streets are empty. Trash rustles down the road past rusted barbecues, abandoned furniture, sagging homes and gardens turned to weed. |
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