Fitch warning on US bank contagion sends stocks lower but this is not the full story
Credit ratings agency Fitch left Wall Street down sharply last night after publishing a report pointing out that US banks will not avoid the contagion from the European banking system.
On the same day the…
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Gerald Celente loses money on gold futures in MG Global collapse
Trends pundit Gerald Celente would seem an unlikely victim of the MF Global collapse but here he explains his recent loss on gold futures. If only he had stuck to physical gold as he so…
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Marc Faber hedges his asset allocation and says US stocks most in favour
The world’s fifth most respected investor in a Bloomberg poll, Dr Marc Faber tells the TV channel that he is splitting his asset allocation into four equal amounts because he does not know what will…
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Union Properties record loss leaves questions for Dubai banks and real estate
How big is the hole that remains in the balance sheets of the UAE banking sector after the real estate crash of three years ago? Just how much empty property is left from that boom…
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Italian bond yields hit 7.3% beyond the danger limit
Restaurant review: truffle season at Certo, Radisson Blu, Dubai Media City
November is something of a magic month for truffle aficionados in Italy and from last night the Certo restaurant in Dubai Media City has started to serve a special a la carte menu featuring the…
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A quiet Dubai Airshow despite the $18bn Boeing 777 order from Emirates
The long shadow of the eurozone crisis has fallen over the Dubai Airshow this year with an absence of big orders with the honourable exception of Emirates’ $18 billion order for another 50 Boeing 777s.…
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Time for another volatile lurch in global financial markets?
Unless you have been living on another planet for the past few months any investor will have noted the increased volatility in financial markets. It’s been dramatic and has caught out some old hands as…
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96-hours in Barcelona
Barcelona is an excellent choice for a long weekend from the Gulf States, particularly in the spring or autumn months. The capital of Catalonia combines world-class shopping, night-life and cultural attractions with the delights of…
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Will history repeat itself with Warren Buffett or IBM?
Are Arabian investors missing something here? Why on earth would Warren Buffett buy a $10 billion stake in IBM now?
It seems a departure from his traditional dislike of tech companies because they are so…
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