Follow us on FaceBook Follow us on Twitter Check our YouTube Channel
Fitch: Lebanese banks have low vulnerability to stress
(The Daily Star)-19/07/2019. International ratings agency Fitch said Lebanese banks had low-level potential vulnerability, similar to their peers in the United States and Germany.
Salameh: BDL won’t subscribe to T-bills at 1 pct interest
(The Daily Star)-19/07/2019. Banque du Liban has no intention of subscribing to Treasury bills at 1 percent interest, Central Bank Gov. Riad Salameh said Wednesday, but added that BDL would seek new alternatives to help the Finance Ministry cut the deficit.
ECB Seen Priming Markets in July for Rate Cut after Summer Break
(Bloomberg)-19/07/2019. European Central Bank policy makers will give a clear signal next week that interest rates are about to fall even further below zero, economists predict.
The Gold Rush Heats Up as Sub-Zero Yields Spread
(Bloomberg)-19/07/2019. Gold, once mocked for its lack of yield and practical use, offers something the growing pile of negative-yielding bonds doesn’t -- inflation protection. Plus, it makes a great doorstop.
Trump wants weaker dollar but it could be a hard sell
(Reuters)-19/07/2019. President Donald Trump wants a cheaper dollar, saying earlier this month the United States should match what he says are efforts by other countries to weaken their own currencies - giving them an unfair trade advantage.
U.S.-China officials discuss trade; Mnuchin eyes possible in-person talks
(Reuters)-19/07/2019. U.S. and Chinese officials spoke by telephone on Thursday as the world’s two largest economies seek to end a year-long trade war, with U.S. Treasury Secretary Steven Mnuchin suggesting in-person talks could follow.
Microsoft shares hit record highs, powered by growing cloud sales
(Reuters)-19/07/2019. Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs.
Asia stocks firm as Fed props up rate cut expectations
(Reuters)-19/07/2019. Asian stocks rose on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar.
China says no cooperation with US companies that sell arms to Taiwan
(Reuters) – 17-07-2019. China's government and companies will cut business ties with U.S. firms involved in selling arms to Taiwan, China's foreign ministry said Monday.
Taxing tech set to dominate G-7 finance ministers meeting
(Agence France Presse) – 17-07-2019. A row over taxing tech giants is set to dominate a meeting of G-7 finance ministers near Paris this week, with the world’s leading industrialized nations already riven by disruptive U.S. trade policies.
Central bankers sick of playing Superman
(Bloomberg) – 17-07-2019. Global central bankers are again in the driving seat when it comes to propping up the world economy, but many are demanding governments join them in the rescue effort.
Saudi Arabia pledges to keep doing OPEC’s heavy lifting
(Bloomberg) – 17-07-2019. Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the kingdom’s production since the supplier group extended curbs earlier this month.
Saudi Arabia expands reach of $28B fund
(Bloomberg) – 17-07-2019. Saudi Arabia expanded the mandate of its 105 billion riyal ($28 billion) industrial fund to allow the financing of energy, logistics and mining projects as part of broader efforts to develop the kingdom’s industries.
UAE plans oil trade overhaul to boost clout
(Reuters) – 17-07-2019. The United Arab Emirates’ state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading operations as it seeks to emulate the success of rival oil majors and bolster its regional influence.
Goldman Sachs says Lebanon’s Eurobonds undervalued
(The Daily Star)-16/07/2019. One of the leading investment banks in the world gave an upbeat assessment of Lebanon’s sovereign Eurobonds when it asserted that these bonds are undervalued.
Quick Links
Articles issued by Chairman, Board of Directors & Secretary General of UAB
Global Consulting Services Affordable to all
UAB Magazine - Issue 462 May 2019