Economy is weak and vulnerable. Angie welcome to Bloomberg Markets middle east. We are seeing yen weakness drive the market, but it was the janet yellen comments that impacted not only u. S. Markets, but we are seeing that in asian stocks today. That is what is playing out here in asia, what is playing out in your neck of the woods . Yousef we are keeping a close eye on what is happening in audi rate yet as they prepare for the First International bond sale. What caught my attention this morning is what is happening with of the liquidity situation in the kingdom. Take a look at this chart. Youre looking at a three month side for. This is how much they charge each other for lending. We also added the type or and ibor and inner sa bank rates. Theyve already invested an estimated 5. 3 billion. Your sing deposit ratios up to 90. 8 does 90. 8 since august. How much more does the countrys central bank need to do to relax some of those nerves . That is what we will be looking at throughout th
Their decision as they accuse the lender of not cooperating in their probe. Our position is always to cooperate. We have robustly responded to the allegations made against us and thats going through the courts. This is the next phase of that. Egyptian stocks hit new highs as they benefit from Lower Oil Prices. In the next hour he explains how the world views his country four years on from the arab spring. Civilized which is influential to its other neighbors. This is the new egypt. Indian stocks hit a fresh record high amid on going hopes for Prime Minister modhis reforms. And coming up we speak to the finance minister of india live from davos. Well a warm welcome again to Worldwide Exchange from a very chilly davos this morning. Lets get straight o our top story. Theyre set to announce a plan to buy 50 billion euros a month when it meets later today. The report sent shares in europe and the u. S. Higher. According to the newspaper the Central Bank Bond buying will last for at least a
[applause] more than 35 million americans lame irish ancestry. America is richer for every murphy, kelly, and osullivan. I should have said mccain. [laughter] [applause] well, i just did. Happy st. Patricks day to everybody. Tens of millions of americans trace their roots back to the emerald isles. On st. Patricks day, many millions more claim to. [laughter] president obama imposed sanctions on russia and and ukrainian officials leaning russias military intervention in crimea. Including two top aides to russian president vladimir putin. Speaking from the white house, the president warned russia could face penalties if it does not pull back from crimea. Good morning, everybody. Citizens of ukraine have made their voices heard. He had been guided by a fundamental principle. The future of ukraine must be decided by the people of ukraine. That means ukraines sovereignty and integrity must be respected. International law must be upheld. Russias decision to send troops into crimea has drawn
Announced it will stop exempting countries from its sanctions on by iranian oil from a second and anyone who still buys all from tehran faces a dispute with the biggest economy in the world the price of oil was already on the rise up thirty percent over the weekend after the news from washington the prize took a significant increase brant crude the Global Benchmark cost nearly seventy five dollars a barrel on tuesday the u. S. Sanctions policy is putting the Global Economy under pressure and is driving Prices Higher particularly in those countries that have benefited from the exemptions until now such as india. Indias economy is booming its g. D. P. Is expected to rise by seven percent and that Economic Growth is fueled by oil and so india is buying in large quantities from what iran is selling on easy terms iranian crude is delivered free of charge a fully insured and with a payment period of up to sixty days Excellent Service but who will be able to fill
the void. Thats what india an
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