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. Alpen Capital study forecasts promising growth for retail sector across GCC; retail structure undergoing significant transformation, driven by the social and economic developments; the outlook for Qatar is most optimistic.
UAE. Employers need to create a long-term culture, focusing on professionals looking to establish their careers here rather than expatriates who stop by in the Gulf to avail themselves of tax benefits.
UAE. Broadcast rights deals push entire Premier League into world's 40 highest earning clubs;
Middle Eastern commercial partnerships contribute to significant commercial increases at both Manchester City and Paris Saint-Germain.
QATAR. Deflation is starting to spread into lower global consumer prices, depressed wages and, to a lesser extent, softer asset prices. Unless an appropriate fiscal response is found, this disinflationary dynamics is likely to continue in 2015 and possibly beyond.
UAE. Strong growth momentum in GCC countries continues, economic recovery in oil importers is on track; Oil exporters diversified their economies, but still heavily dependent on hydrocarbon sector in terms of budget and export revenues; Oil importers face higher risks of geopolitical tensions.