Standard Chartered Bank sponsors Liverpool FC
FC stands for football club, or soccer for American readers. No amount was mentioned for the value of the sponsorship deal between Standard Chartered Bank and Liverpool FC today except to say it was the…
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Calm before the storm like last autumn?
The quietness is almost deafening in markets this month. The stock markets continue to climb, albeit slowly and with little conviction. The dollar is weakening and the gold price and bonds strengthening.
Such complacency in…
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Meredith Whitney sees October plunge for bank stocks
The First Lady of Wall Street Meredith Whitney first came to global prominence with her masterful predictions about the global financial crisis last year and how it might unfold.
It was perhaps surprising then that…
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Hold cash, gold and shorts, markets dangerous again
This week was the anniversary of the Lehman bankruptcy and financial collapse of last autumn and it was curious to hear the financial pundits talking as though this problem is fully behind us.
There were…
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Third time lucky for gold above $1,000?
Well, the immediate market answer to that question has been negative, and gold is back under the $1,000 mark as this article is being penned. But all the signs are that the yellow metal is…
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US consumer credit slumps 10.4%
You might have thought the news that US consumer credit fell in July by a record $21.6 billion would have stalled the stock market rise. That represented the sixth month in a row of lower…
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Dubai Metro first in the Arabia, confirms city status
If Dubai was looking for a symbol to confirm its status as the commercial and financial capital of the Gulf States then the new metro is it, and the very first in this region.
Soon…
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Gold breaks out past $1,000 an ounce, silver close to $17
Gold prices sprinted past the $1,000 an ounce mark this morning, and silver climbed even faster to approach $17. But this might also be taken as a warning that investors are about to shift out…
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Prime Chelsea site in receivership seeks Arabian buyer
A prestigious prime Central London residential site in receivership has been placed on the market, and its agents contacted ArabianMoney.Net looking for a buyer. In the heart of Chelsea, the cleared site is being offered…
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Abu Dhabi invests in chip firm, Dubai should be next
Abu Dhabi is paying $1.8 billion to buy Singapore-based chip maker Chartered Semiconductor, taking advantage of relatively depressed global asset prices. Yet a far more logical home for its surplus oil wealth would be to…
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