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Asian stocks sink after Credit Suisse takeover

BEIJING (AP) — Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Shanghai, Tokyo and Hong Kong declined. Oil prices...

Europe's central bank backs big rate hike despite bank chaos

FRANKFURT, Germany (AP) — The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The...

Oil prices drop with global inflationary concerns

Oil prices fell further on Friday as inflationary concerns and global demand uncertainty weighed on prices. International benchmark Brent crude traded at $84.52 per barrel at 09.55 a.m. local time (0655 GMT), down 0.27% from the closing price of $84.75 a barrel in the previous trading...

Has the exchange rate been 'liberalized' in Syria?

By Fouad Abdel Aziz Many have read the decision of the Central Bank of the Syrian regime to issue a daily bulletin at the exchange rate of the remittance dollar, close to the black market rate, as a liberalization of the exchange rate of the pound or the beginning of a liberalization of...