Saturday 13 February 2016
 
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Bank of America

No peak oil demand until 2040: BoAML report

A peak in global oil demand is unlikely to occur before 2040 in a sub-$70 oil world, according to a research report from Bank of America Merrill Lynch (BoAML). Over the medium-term, low oil prices will influence the trajectory of

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Oil at $30 ‘could drain Saudi FX at $18bn a month’

The foreign exchange (FX) reserve drain on Saudi Arabia could accelerate to $18 billion per month if Brent crude oil prices average $30 per barrel, adding pressure on the kingdom’s currency, a report said. Saudi Arabia has b

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Oil at $30 ‘could drain Saudi FX at $18bn a month’

The foreign exchange (FX) reserve drain on Saudi Arabia could accelerate to $18 billion per month if Brent crude oil prices average $30 per barrel, adding pressure on the kingdom’s currency, a report said. Saudi Arabia has b

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GCC equity markets ‘increasingly attractive’

GCC equity markets are looking increasingly attractive after the broad based sell off since the summer, Bank of America Merrill Lynch said in a recent research report.  In this context, the GCC markets presently represent a b

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Hike in cash holdings over weaker global economy

Global investors have raised their holdings of cash significantly in response to a weaker global economic outlook, particularly in China, according to the Bank of America (BofA) Merrill Lynch Fund Manager Survey for July. Overall,

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Saudi liquidity holds up in May over stable oil

Saudi Arabia’s domestic liquidity held up in May, helped by the stabilization in oil prices, at the cost of continued expansionary fiscal policy, a report said. M3 growth was 10.4 per cent year-on-year (yoy) in May, increasi

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BofAML wins Euromoney M&A award

Bank of America Merrill Lynch (BofAML) has been recognised as the ‘Best M&A House in the UAE’ at the 2015 Euromoney Middle East Awards for Excellence. The bank has worked on some of the UAE and wider GCC region&rsq

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Bond funds post $102 billion inflows in Q1

Investors worldwide poured $8.5 billion into fixed-income funds in the week ended April 1, marking the first three months of this year as the biggest first quarter for fixed-income inflows since 2001, according to data from a Bank of America (Bo

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BofAML launches new travel payment solution in EMEA

Bank of America Merrill Lynch (BofAML), a leader in card services for middle-market, large corporate and public sector clients, has launched BofAML Travel Pro in the Europe, Middle East and African Region (EMEA) – a business travel payment

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Bank of America agrees $16.65bn settlement

Bank of America Corp has reached a $16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the US Department

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