Posts Tagged ‘capital’
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EURUSD above 1.3500 for first time since December 2011

by Forex Rooton January 30, 2013 8:48 am BST
The euro strengthened above $1.35 for the first time since December 2011 before a report forecast to show economic confidence in the region improved this month. The 17-nation currency advanced for a second day against the dollar before the Federal Open Market Committee issues its policy statement today. An index of executive and consumer sentiment […]

Yen firms on BOJ’s open-ended asset buying pledge for 2014

by Forex Rooton January 22, 2013 5:24 am BST
The yen briefly fell against the dollar on Tuesday after the Bank of Japan surprised markets by adopting an open-ended commitment to buy assets, but later regained ground as the new scheme for additional purchases only comes into effect next year. The BOJ, which has been under intense political pressure to overcome deflation, also doubled […]

Saudi Arabian banks report high earnings

by Forex Rooton January 14, 2013 6:18 am BST
Early signs from Saudi Arabia’s earnings season show the country’s banking sector steamed ahead during the fourth quarter, with blowout earnings at each of the kingdom’s lenders having reported so far. The profit growth figures are the envy of almost every bank in the region. Banque Saudi Fransi topped expectations last week with profits for […]

Abu Dhabi injects Dh330b for capital projects over next five years

by Forex Rooton January 14, 2013 5:30 am BST
Abu Dhabi: The Abu Dhabi government will invest Dh330 billion to help fund capital projects during the next five years and create 5,000 new job opportunities this year for Emiratis in various sectors in order to upgrade public performance. General Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of […]