Saturday 19 April 2014

Arab economy safe, 'ready to bear any shock'

Arab finance ministers have shrugged off any threat to their economies from political upheaval and a global slowdown, saying ample cash reserves and mutual support would ensure they withstand new shocks. The 22 ministers promised to help e


Swiss currency move stuns world markets

The Swiss National Bank shocked markets on Tuesday by setting a minimum exchange rate for the Swiss franc against the euro, in a move which sent European shares and the price of gold down. The SNB exchange rate cap move disc


Qatari banks 'facing risks'

Qatari banks are strong but exposed to a real estate shock and economic downturn, said Standard & Poor's Ratings Services in a report published on Monday. "In Bank Industry Risk Analysis: Qatar," Standard & Poor's ranks the Qatari


ABB chief in shock exit as takeovers loom

Engineering group ABB's chief executive Fred Kindle has left after a clash over strategy, in a shock move announced on Wednesday amid speculation over his plans for acquisitions. The Swiss-based company also announced a share buyback progr

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