Qatar and UAE finally get upgraded to emerging market status while Greece and Morocco go the other way
- Cyprus
- Published on Wednesday, 12 June 2013 18:12
- Last Updated on 12 June 2013
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Photo: Gulf Business
Qatar and the UAE finally got upgraded to emerging market status by MSCI. The move is widely celebrated in the region as the ticket to bringing in foreign institutional investors and increase liquidity in the tiny Gulf markets. Greece, on the other hand, has gone the other way…
Are oil and GDP related? The answer is in the charts
- Commentary & Analysis
- Published on Sunday, 09 June 2013 19:07
- Last Updated on 09 June 2013
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Source: Ourfiniteworld.com
Does the supply of oil affect GDP growth? The chart above suggests so. It also suggests that new oil supplies are not coming to the market fast enough to replace declining fields. We have been blind-sided by news cheering for the rise in US shale oil production. Headlines have already appeared suggesting the US is on it’s way to become an oil exporter. Unfortunately, the much talked about shale revolution is an over-hyped story by Wall Street bankers looking to cash in before the game is over.
What’s really behind the protest in Turkey
- Commentary & Analysis
- Published on Thursday, 06 June 2013 20:17
- Last Updated on 06 June 2013
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The world’s local bank can’t seem to stop breaking the law
- Bail-outs & Bail-ins
- Published on Thursday, 06 June 2013 19:29
- Last Updated on 06 June 2013
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HSBC Bank, formerly known as The World’s Local Bank, can’t seem to catch a break lately. Barely six months since the bank was ordered to pay $1.9 billion to settle charges of money laundering, the bank is being sued again. This time, the law suit is coming from New York State. Here’s the story from BBC News:
The next financial crisis will wipe out the lagest financial institutions. How will Islamic financial institutions fare?
The headline in Forbes from this past March reads “Risk is Back.” Financial institutions today are riskier and have more derivative exposure than they had prior to the Lehman failure in 2008. More specifically, a handful of banks carry over 95% of the estimated $250 trillion global derivative exposure. This is trillion with a ‘T’ and not billion with a ‘B’. To put this in perspective, the total US GDP in 2012 was about $16 trillion. It’s already a foregone conclusion that the next financial crisis will wipe out these mega-institutions as they will be too-big-to-save. What will happen to Islamic banks and financial institutions as the dominoes begin to fall?Read more ...