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Email this article: Bankers say UAE lending benchmark may have some of Libor's flaws
Posted: Tue July 17, 2012 5:19 pm
UAE. Barclays to withdraw from Eibor panel; Differences of opinion between authorities, banks; Some banks cut back use of Eibor; Reforms to system look unlikely anytime soon.
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INTERNATIONAL. If Russia's "pivot to Asia" results in Moscow and Beijing trading oil between them in a currency other than the dollar, that will represent a major change in how the global economy operates and a marked loss of power for the U.S. and its allies."
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