U.S. may aid Liberia in search for missing millions

By Alphonso Toweh and James Giahyue MONROVIA, Sept 21 : The U.S. government is considering helping Liberia track down more than $100 million in missing cash, an embassy spokesman said, in a case that has triggered a political crisis in the impoverished country. Several shipments of freshly printed Liberian dollars ordered from abroad by the […]

Turkey cuts investment levels for citizenship, property sales seen boosted

By Ceyda Caglayan ISTANBUL, Sept 19 : Turkey has slashed the financial and investment criteria for foreigners to become Turkish citizens, in a move expected to double annual property investment by foreigners to around $10 billion, according to sector officials. The government has been taking measures to boost investment in the economy and shore up […]

Saudi forex reserves rising, capital outflows due to investment -c.bank

By Marwa Rashad and Stephen Kalin RIYADH, Sept 16 : Foreign reserves at Saudi Arabia’s central bank have been increasing this year and a large proportion of recent capital outflows has been due to foreign investment by other Saudi institutions, a senior central bank official said on Sunday. Brent oil has jumped near $80 a […]

Saudi Arabia to auction detained tycoon’s real estate assets -sources

By Marwa Rashad and Stephen Kalin RIYADH, Sept 16 : Saudi Arabia will auction real estate owned by indebted billionaire Maan al-Sanea and his company starting next month to help repay billions of riyals due to creditors, sources familiar with the matter told Reuters. Sanea, ranked by Forbes in 2007 as one of the world’s […]

New York overtakes London as top financial centre; Brexit blamed

By Andrew MacAskill LONDON, Sept 12 : New York has overtaken London as the world’s most attractive financial centre, a survey said on Wednesday, as Britain’s decision to leave the European Union prompts banks to shift jobs out of the city to preserve access to Europe’s single market. Brexit poses the biggest challenge to the […]

Yields fall before Fed meeting minutes, Powell speech

By Karen Brettell NEW YORK, Aug 20 : U.S. Treasury yields fell to four-week lows on Monday ahead of a week centered on U.S. central bank policy, with no major economic releases or new supply to drive market direction. The Federal Reserve will release minutes from its August policy meeting on Wednesday, which will be […]