Oman money market curbs may hurt Islamic banksAs Oman prepares to introduce Islamic finance, a restriction on the money market instruments which banks can use may curb their ability to manage funds in the market, hurting profitability. Authorities are expected to release Isla More… |
Money markets near paralysedMoney markets struggled in a state of near paralysis on Wednesday as the start of a new financial quarter failed to relieve the strains that have made it difficult for many banks to secure funds, especially much-needed dollars. Traders in More… |