Turkey’s post-election turmoil - YouTube: ""
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Monday, 8 June 2015
MIDEAST STOCKS-Gulf markets narrowly mixed as oil slips | News by Country | Reuters
MIDEAST STOCKS-Gulf markets narrowly mixed as oil slips | News by Country | Reuters:
"Gulf stock markets were mixed on Monday after Brent oil slipped towards $63 per barrel on news of a slide in China's fuel imports.
China, the world's biggest net oil importer, bought nearly a quarter less crude in May than it did in the previous month, official data showed. China's imports of oil products also fell by more than 6 percent, while oil product exports fell 10 percent.
Saudi Arabia's main index edged down 0.6 percent as petrochemicals heavyweight Saudi Basic Industries fell 1.0 percent and major lender Al Rajhi Bank lost 1.2 percent."
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"Gulf stock markets were mixed on Monday after Brent oil slipped towards $63 per barrel on news of a slide in China's fuel imports.
China, the world's biggest net oil importer, bought nearly a quarter less crude in May than it did in the previous month, official data showed. China's imports of oil products also fell by more than 6 percent, while oil product exports fell 10 percent.
Saudi Arabia's main index edged down 0.6 percent as petrochemicals heavyweight Saudi Basic Industries fell 1.0 percent and major lender Al Rajhi Bank lost 1.2 percent."
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Carney Holds U.K. Bankers to Account in Conduct Overhaul - Bloomberg Business
Carney Holds U.K. Bankers to Account in Conduct Overhaul - Bloomberg Business:
"Mark Carney and George Osborne are making it personal.
Seven years after the U.K. bailed out some of its biggest lenders, the Bank of England governor and chancellor of the Exchequer have turned their focus to the behavior of individuals. That caps a regulatory shift away from stabilizing balance sheets to making the people behind them accountable through rules on pay, management structures and boards.
As Osborne and Carney prepare to take their case to bankers in two days at the Mansion House dinner in the heart of London’s financial district, they’ll release their overhaul of market conduct. The Fair and Effective Markets Review, announced a year ago at the same event, is an attempt to stamp out misconduct such as benchmark rigging that has eroded confidence in the financial industry and seen banks pay out billions in fines."
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"Mark Carney and George Osborne are making it personal.
Seven years after the U.K. bailed out some of its biggest lenders, the Bank of England governor and chancellor of the Exchequer have turned their focus to the behavior of individuals. That caps a regulatory shift away from stabilizing balance sheets to making the people behind them accountable through rules on pay, management structures and boards.
As Osborne and Carney prepare to take their case to bankers in two days at the Mansion House dinner in the heart of London’s financial district, they’ll release their overhaul of market conduct. The Fair and Effective Markets Review, announced a year ago at the same event, is an attempt to stamp out misconduct such as benchmark rigging that has eroded confidence in the financial industry and seen banks pay out billions in fines."
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MIDEAST STOCKS-Gulf markets fall as OPEC maintains output, Yemen fighting escalates | Reuters
MIDEAST STOCKS-Gulf markets fall as OPEC maintains output, Yemen fighting escalates | Reuters:
"Most Gulf stock markets edged down on Sunday after oil prices fell on the week and fighting in Yemen intensified. Egypt was also weak following poor balance of payments data.
Despite a rally on Friday, Brent crude fell 3.6 percent last week as OPEC left its output unchanged.
Yemen's dominant Houthi group and its allies fired a Scud ballistic missile into Saudi Arabia, which the kingdom said it had shot down on Saturday, in a major escalation of two months of war. Fighting also intensified along the border between the two countries."
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"Most Gulf stock markets edged down on Sunday after oil prices fell on the week and fighting in Yemen intensified. Egypt was also weak following poor balance of payments data.
Despite a rally on Friday, Brent crude fell 3.6 percent last week as OPEC left its output unchanged.
Yemen's dominant Houthi group and its allies fired a Scud ballistic missile into Saudi Arabia, which the kingdom said it had shot down on Saturday, in a major escalation of two months of war. Fighting also intensified along the border between the two countries."
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