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Israeli hackers bring down Arab monetary websites
Israeli hackers on Tuesday claimed to have taken down the Saudi Arabian and UAE stock exchange websites. The group of hackers, who call themselves IDF Team- an acronym for Israeli ... -
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Egypt seeks $3.2bn IMF help
Egypt’s government is in discussions with the International Monetary Fund about the possibility of obtaining a $3.2bn loan package to help support its economic reform. An IMF del... -
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Euro falls to 11-year low against yen
The euro on Monday fell to an 11-year low versus the yen following a mass downgrade that stripped France and Austria of their AAA rating and cut eight further sovereigns. Europe’... -
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Chinese fx reserves plunge by $20.5bn in Q4
China’s vast foreign exchange reserves showed on Friday their first quarterly drop since 1998. The decline was partly attributed to a slowing Chinese economy and capital outflows... -
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Argentina to introduce new restrictions to curb imports
Argentina will enforce new restrictions on consumer goods’ imports by February in an effort to remedy its retreating trade surplus, according to a resolution published by the Rev... -
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Chinese to boost Gulf energy ties
Chinese Premier Wen Jiabao is scheduled to start a six day visit to the UAE, Qatar and Saudi Arabia to discuss the country’s energy policy, China’s foreign ministry said late o... -
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Bank of Japan snubs call for more easing as Standard & Poor’s downgrades debt
Japan’s central bank has announced that it has already done enough to combat deflation, brushing off yet another call for more action from the ranks of the ruling party. Bank... -
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Hildebrand exits SNB after failing to prove innocence beyond doubt
Swiss National Bank chair Philipp Hildebrand resigned late on Monday over a controversial personal foreign currency trade undertaken by his wife. Hildrebrand’s wife Kashya had sw... -
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India lowers growth rate by 1.5 percent
India’s Prime Minister, Manmohan Sing, on Sunday slashed a previously set forecast for the country’s economic growth rate to seven percent, down from 8.5 percent a year ago. Th... -
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China tells banks to limit loans to local governments; support stock in Shanghai
China’s banking regulator has told commercial lenders to restrict new credit they provide to local governments’ financing vehicles, to ward off potential risks of default, stat...
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