INTERNATIONAL. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor spoke today about the Standard & Poor's credit rating downgrade of US sovereign debt, and how the downgrade was long overdue as the 'junk bond' was no longer worth of an AAA rating.
He views the downgrade as moderately positive for equities because it shows investors there is a risk in holding government bonds and discusses the conditions that will lead to QE3.
Speaking in an interview from Chiang Mai, Thailand, with Susan Li on Bloomberg's "Asia Edge" this morning, Faber said a government b
UAE. The MEA region will see a 6-fold growth in IP traffic - (CAGR of 41%) from 2015-2020; Internet traffic in 2020 will be equivalent to 527x the volume of the entire Internet in the region in 2005; Mobile data traffic will grow 15-fold from 2015 to 2020 (CAGR of 71%) - 2 times faster growth than fixed IP traffic.
INTERNATIONAL. Sterling volatility has hit unimaginable levels with major financial figures repeatedly voicing their concerns over the impact a Brexit could have not only on the UK, but for the global economy.