Browsing: finance

RIYADH: Saudi Arabia’s banking sector loans increased to SR2.75 trillion ($733.82 billion) in June, marking an annual 11.35 percent rise, official data showed.

S&P Global Ratings has lowered Ukraine’s credit rating to ‘selective default’ after Kiev missed an international bond payment earlier this week as it seeks a major debt restructuring. 

Dubai-listed Emirates REIT has partially redeemed its $380 million sukuk after announcing the sale of Trident Grand Mall in Jumeirah Beach Residence (JBR) last month.

Of course, around $100 billion of yen-buying intervention from Tokyo in the last few months has put a floor under the currency, and the BOJ’s approach to raising rates is hardly gung-ho. So the yen is not a sure-fire bet to strengthen aggressively from here