It is the 21st of July 2017

News

HSBC Forced To Ban Bankers From Trading Stocks In Their Personal Accounts

HSBC has a shaky relationship with regulators. 

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VIX To Double Within A Year, Natixis Warns

Vol-sellers beware. That's the message from Natixis Global Asset Management’s Brett Olsen and Nicholas J. Elward, in their latest note, as they warn "it stands to reason that the market will see a reversion to the mean and find the VIX trading in the 20+ range before too long."

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The "Diplomatic Quagmire" In Qatar Deepens 3 Days Before The Saudi Ultimatum Expires

While the Qatar crisis may have slipped from the front pages, the diplomatic standoff continues to deteriorate with the latest escalation emerging yesterday, when the UAE’s ambassador to Moscow gave an interview to the UK’s Guardian newspaper, revealing the steely resolve of the Gulf States, led by Saudi Arabia, who initially brought their charges and subsequent sanctions to bear on the tiny country.

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Senate Overwhelmingly Approves New Sanctions To "Punish" Russia

The U.S. Senate on Wednesday approved new sanctions to punish Russia for "meddling" in the 2016 election.

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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

The stabilization of oil prices in the $50-60/bbl range was meant to have one particular, material impact on Saudi finances: it was expected to stem the accelerating bleeding of Saudi Arabian reserves. However, according to the latest data from Saudi Arabia’s central bank, aka the Saudi Arabian Monetary Authority, that has not happened and net foreign assets inexplicably tumbled below $500 billion in April for the first time since 2011 even after accounting for the $9 billion raised from the Kingdom's first international sale of Islamic bonds.

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