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gcc unrest

Capital flight threatens Bahrain, FX peg safe for now

Capital flight threatens Bahrain, FX peg safe for now

Clients move money from Bahraini banks; Currency under pressure but immediate risk to peg small; Other Gulf countries could support Bahrain if needed; But stock exchange, bank closures set worrying precedent.

March 17, 2011 10:58
 
Money and might unlikely to quell Gulf reform demands

Money and might unlikely to quell Gulf reform demands

Gulf pledges $20 bln for Bahrain, Oman; Saudi sends troops; Small concessions but scant movement on bigger demands.

March 16, 2011 12:23