Saudi ‘Comfortable’ with Foreign Reserves Level: Central Bank
Saudi Arabia has a “very comfortable” level of foreign reserves, the central bank chairman said on Monday, despite a drawdown in assets to help cover a fall in oil revenue.
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Analysts Fear Looming Italian Bank Failure
As if the immigration crisis and ever more strained relationship with Brussels weren’t enough, now Italians have to face the specter of a major bank failure that analysts say could utterly cripple Italy’s financial structure.
Countries Look To Imitate Israel, Draw Expatriate Funds With ‘Diaspora Bonds’
A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing “diaspora bonds”, a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate. Some 250 million people, around 3 percent
7 Reasons Millennials are Financially Doomed
As the presidential race shifts into high gear, college students and recent graduates are still being largely ignored, except by one candidate whose promises of rainbows and unicorns are dreams – not reality.
European Stocks Stabilize Tuesday After China Debacle
On Tuesday, European stock markets rose slightly early in the morning after a steep decline in China’s market Monday took global stocks spiraling after it. In early gains, Paris rose 0.36%, Frankfurt 0.31%, Milan 0.94% and London 0.71%, while the
Cybersecurity Expert: Card Payments Aren’t Remotely As Secure As You Think They Are
A leading cyber-security expert has observed and demonstrated multiple methods of credit card theft that are disturbing in their simplicity.
HSBC to Shed up to 50,000 Jobs, Slash Investment Bank
HSBC will shed almost 50,000 jobs and take an axe to its investment bank, cutting the assets of Europe’s biggest lender by a quarter in a bid to simplify and improve its sluggish performance. The bank said on Tuesday about
‘Grexit’ Brinkmanship is Classic Greek Tragedy
The populists are screening a modern Greek Tragedy wherein the noble Greek people are forced to suffer deprivations in return for the villainous German-controlled creditors pretend to loan Greece money that mostly repay existing EU loans used to buy German imports. But with Greece on the brink of running out of cash, and Greece’s creditors running out of patience, a compromise may be coming together to avoid an overt ‘Grexit’ by allowing for a devalued “Greek euro.”
