Middle-east Arab News Opinion | Asharq Al-awsat

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Photographer: Mark Wilson/getty images Via Bloomberg

When Economics Failed

by Noah Smith | Apr 8, 2017 | Opinion

When people come up to me and declare that economists are charlatans, they usually mention how economists failed to predict the Great Recession. This is true. No mainstream macroeconomic model of the day managed to anticipate that the largest, longest economic...

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File photo of traders at the Saudi Stock Exchange (Tadawul) in Riyadh. (Reuters)

Saudi stock market could join leading emerging markets index by April 2017: sources

by Asma Al-Ghabiri | Jan 6, 2015 | Business

Jeddah, Asharq Al-Awsat—Saudi Arabia’s stock market, the Tadawul, could be placed on a world-leading index of emerging markets two years after it opens to global investors in April this year, sources have told Asharq Al-Awsat. Financial analyst Abdulaziz Al-Fahad said...

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In this Tuesday, Sept. 3, 2013, file photo, traders work on the floor at the New York Stock Exchange in New York. (AP Photo/Seth Wenig)

Hopes of Syria breakthrough gives markets a lift

by Asharq Al-Awsat | Sep 10, 2013 | Business

London, Associated Press—Rising hopes that a US-led military strike on Syria may be avoided gave stocks a big lift Tuesday, as well as pushing oil prices lower for the second day running. Investors were cheered to hear that Syria has accepted Russia’s call for...

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The logo of HSBC bank is seen at its office in the Canary Wharf business district of London in this April 1, 2013 (REUTERS/Chris Helgren/Files)

Hong Kong investigates HSBC and other banks for inappropriate market conduct

by Asharq Al-Awsat | Jun 18, 2013 | Business

Hong Kong, Reuters—Hong Kong’s de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks. The Hong Kong Monetary Authority (HKMA) announced in December...