Jim Rogers sees tough times ahead for investors
Legendary investor Jim Rogers travelled the world for years by motorbike and specially modified Mercedes. Perhaps this is what gives him a unique insight into success and investments.
He mistrusts government actions and tells people…
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Lack of final agreement on Dubai World debt worries bankers
Around 250 bankers from around the region will convene for the inaugural Middle East North Africa and South Asia Forum in the Dubai International Financial Centre today. The event kicks off with a dinner and…
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Will a surging US dollar cause another financial crash like in 2008?
The recent sudden 20 per cent plunge in the value of the euro and the rapid recovery of the US dollar is similar to what happened in 2008 before Lehman collapsed and global financial markets…
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Inevitable US double dip recession to drive equities lower
How nice it would be to think that last week represented something of a bottom for US financial markets and that a recovery is about to lift stocks much higher.
Yet on any realistic assessment…
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Prechter’s deflationary deleveraging bust comes true
Super-bear Robert Prechter is being proven correct, albeit a little later than first advertised. It is worth looking back a couple of months at what he was saying then. How many would now wish that…
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Top banks agree $23.5bn Dubai World debt deal
Banks representing around 60 per cent of the creditors of Dubai World have agreed in principle to the restructuring of $23.5 billion in debts, and are hoping for a final deal with all creditors by…
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UAE learning from its recent PR crisis but challenges remain
A new survey of UAE public relations during the global economic crisis shows government communications lacking in credibility, and with lessons to learn from the multinationals that make the UAE their home in the Middle…
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Bahrain makes obvious PR error in closing Al Jazeera bureau
Qatar state-owned television station Al Jazeera said it was ’surprised and puzzled’ by the decision to close its office in the Kingdom of Bahrain, widely believed to be a knee-jerk reaction to its less than…
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Meredith Whitney says avoid banking stocks at all costs now
Meredith Whitney, the star US banking analyst, warns on the upcoming financial sector reforms and what they mean for the banks. This is going to be bad news for the flow of credit both to…
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Dow Theory forecasts a Wall Street Crash
Richard Russell, the famous author of the Dow Theory Letters, has joined the growing band of leading forecasters expecting a stock market crash: Robert Prechter (click here), Harry S. Dent (click here), Gerald…
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