Gold superbug Jim Sinclair explains the gold market
Click here for the most recent interview with Jim Sinclair
When Mr. Sinclair appears on the front cover of Time magazine it will be time to sell gold but right now he is little…
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Why bonds suddenly look such a bad risk
The $300 billion Greek debt crisis has thrown the spotlight on government debt as an investment class. Greece cheated Brussels into thinking its debt was lower than now proves to be the case, hence the…
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Logic to Zain cashing out of African telecoms for $10.7bn
Kuwait based telecommunications giant Zain says it is considering the sale of most of its African businesses following a $10.7 billion offer by Bharti Airtel of India, and is entering exclusive negotiations until March 25th.…
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Chinese to buy even more gold in the Year of the Tiger
China has only 1.6 per cent of its foreign currency reserves held in gold. But between 2003 and 2009 Chinese households bought almost 1,800 tonnes of the yellow metal, almost four times the purchases of…
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Cheeky Mandelson ignores UK debt but offers Dubai advice
British Business Secretary Peter Mandelson was in Dubai yesterday warning the government to get its act together quickly to sort of the $22 billion Dubai World debt standstill. Coming from a government that has run…
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40% Dubai World debt haircut, seven-year deferral spooks DFM
The Dubai Financial Market closed 3.5 per cent lower on Sunday after Zawya Dow Jones said the creditors of Dubai World – which is seeking to restructure $22 billion in debt – may be offered…
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Will Obama be held accountable after Presidents Day?
The US financial markets take yet another holiday on Monday for Presidents Day with much of the nation still snowed under anyway. But the political capital of President Barack Obama is beginning to run out,…
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Real interest rates rocket in Saudi Arabia, Dubai
The rates of interest that business actually has to pay for loans are soaring in the Gulf of Arabia as the Greek financial crisis further undermines confidence in financial markets.
Credit default swaps linked to…
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Dubai debt write-offs far from over for UAE banks
UAE bank full-year results for 2009 are coming in line with expectations, and feature substantial write-offs for the Algosaibi and Saad groups in Saudi Arabia. But the big gorilla in the front drawing room remains…
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Harry Dent forecasts stock market crash end of February
The celebrated demographics forecaster Harry S. Dent Jr forecasts a stock market crash by the end of February in his New York Times Bestseller ‘The Great Depression Ahead: How to prosper in the debt crisis…
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