Bahrain cenbank to demand strict rules from banksBahrain's central bank will require local lenders it sees as key to the stability of the Gulf country's banking system to take more steps to ensure their soundness, its Governor Rasheed al-Maraj said on Tuesday. The kingdo More… |
Petrodollar moving away from Western marketsThe long-standing support from petrodollars for Western financial markets is gradually waning as oil-rich countries favour recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis. More… |