Monday 21 April 2014
 
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turmoil

Seeking cheap stocks, chaos no problem? Try Libya

Investing in Libyan stocks may sound like an absurd idea at a time when the North African country is descending into chaos and armed militias seize oil ports or ministries at will. Ever since the ouster of Muammar Gaddafi in 2011,

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Thai vote peaceful, but political paralysis looms

Thailand went to the polls under heavy security on Sunday in an election that could push the divided country deeper into political turmoil and leave the winner paralysed for months by street protests, legal challenges and legislative limbo.

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Travel agencies hit by Turkey turmoil

The political turmoil in Turkey has affected travel and tourism agencies in Bahrain with 30 to 40 per cent of Bahrainis cancelling their bookings over the past few days, said a report. Bahraini travel agents are co-ordinating with

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Travel agencies hit by Turkey turmoil

The political turmoil in Turkey has affected travel and tourism agencies in Bahrain with 30 to 40 per cent of Bahrainis cancelling their bookings over the past few days, said a report. Bahraini travel agents are co-ordinating with

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HSBC rules out Europe acquisitions

HSBC said it had no appetite to take advantage of turmoil in the euro zone and make big acquisitions there or anywhere else where rivals are selling major assets. "We're good at running our own businesses, we're not so good at making acqui

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RBI pledges push to halt rupee slide

India's central bank promised yesterday to use "all its available tools" to stabilise the rupee, which sank to a record low against the dollar for a third straight day amid turmoil in global markets. The Indian unit fell to 54.91 against t

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Obama warns market turmoil may continue

US President Barack Obama on Wednesday said he was deeply concerned about the euro zone crisis and market turmoil would continue until Europe has a concrete plan to deal with its sovereign debt woes. Obama's comments added to a chorus

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UK 'can still avoid recession'

Britain can still avoid a renewed recession despite the deepening turmoil in the euro zone, a leading business lobby said on Wednesday, though the weak recovery will drive up unemployment over the coming year. While the group suggested a

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Global stocks plummet over turmoil

Renewed worries about Europe's ability to resolve its debt crisis punished the euro and world stock markets yesterday. Wall Street tumbled more than two per cent. The euro hit six-and-half-month lows against the US dollar on nervousnes

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Mideast growth prospects 'unaffected'

Political turmoil gripping Arab states that has pushed investors to step back in apprehension has not dampened the Middle East's growth prospects, the regional head of the World Bank's private-sector lender said. Uprisings that toppled the

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