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Showing 21 - 30 of 189 results for "Arab"

Chief economist update: Oil gush

BENJAMIN ONG  |  THURSDAY, 4 FEB 2021
Crude oil prices jumped to one-year highs - WTI oil to US$58.46 per barrel; Brent oil to US$55.73 - this early in the New Year. Well, they have to bounce some time especially given the battering it received in 2020 as the covid-19 pandemic grounded ...

VFMC director nabs global role

ALLY SELBY  |  TUESDAY, 15 SEP 2020
... governors currently comprises of 14 members, residing in eight countries: Australia, Canada, China, India, Malaysia, United Arab Emirates, the United Kingdom, and the United States. Other than Gamba and Wilton, the board of governors comprises of Marshall ...

Chief economist update: The second oil price discounting wave

BENJAMIN ONG  |  WEDNESDAY, 9 SEP 2020
... second bite on oil price discounting. Bloomberg reports that, Saudi Arabia's state producer, Saudi Aramco, has cut its key Arab Light grade of crude pricing by a "larger-than-expected amount for shipments to Asia, its main market. It also lowered ...

Sovereign fund withdraws bid for Newcastle United

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
A consortium including Saudi Arabia's Public Investment Fund (PIF) has withdrawn its £300 million takeover of English Premier League team Newcastle United Football Club. The buyer consortium also included PCP Capital Partners and Reuben Brothers and ...

Chief economist update: Victoria's secret

BENJAMIN ONG  |  MONDAY, 6 JUL 2020
In Fist of Fury, it is a sign stating "No dogs or Chinese" that draws the ire of the legendary Bruce Lee. But Australians are not seeing Victorians punching, kicking and screaming when the nation's five states and two territories put up the "No ...

Chief economist update: Easing restrictions narrow oil demand-supply equation

BENJAMIN ONG  |  MONDAY, 18 MAY 2020
It's only been just about a month since oil producers were practically paying buyers to come and take their stocks off them. This was on April 20, one day before the WTI oil futures contracts for May delivery dropped to minus US$36.98 per barrel. ...

Chief economist update: No escaping the inverted yield curve

BENJAMIN ONG  |  MONDAY, 4 MAY 2020
"Flattening the curve". This is the overriding aim of governments and health officials everywhere when they implemented or advise social isolation, social distancing limits and lockdown measures. Many have (or are beginning to) flattened their respective ...

Chief economist update: Oil gush

BENJAMIN ONG  |  FRIDAY, 3 APR 2020
If financial markets are going to time the beginning of the end - that is, when equity markets started their slippery slide into where we are now, it'll be 9 March 2020. That was the day the music died. Sure, equity markets were already sliding ...

Why banks are lifting TD rates

ALLY SELBY  |  FRIDAY, 27 MAR 2020
... with an interest rate of 2.15% p.a. This was followed by Westpac (2% for eight months), First Mac (1.95% for six months), Arab Bank (1.9% for six months), and Bank of Us (1.85% for seven months). RateCity.com.au research director Sally Tindall said that ...

Global stocks plunge as COVID-19 fear accelerates, oil crashes

ALLY SELBY  |  TUESDAY, 10 MAR 2020
Global markets, already feeling the burn from the spreading COVID-19 virus, have tumbled further, after Saudi Arabia sparked an oil price war which saw oil futures plunge more than 30%. Nearly $140 billion was wiped from the S&P/ASX 200 yesterday, as ...