Credit boom is risky: BIS

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Credit boom is risky: BIS

Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements, or BIS, warned on Sunday.

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Daman raises Dh99.99m through private placement

Daman Investments on Sunday announced the successful completion of a capital increase through a private placement with an investment of Dh99.99 million as the company moves forward with future plans culminating with an Initial Public Offering , or IPO.

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India’s rupee measures fail to cheer

MUMBAI - India took a handful of measures on Monday to support the embattled rupee but disappointed investors who had been hoping for bolder action to prop up a currency that hit a record low 
on Friday.

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markets

Corn prices set 4-month high

LONDON - US new-crop corn futures jumped more than 4 percent on Monday to the highest level since early February as hot, dry weather in the key Midwest growing region reduced the outlook for yields.

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markets

Turkish assets weaken on downing of jet

The Turkish lira, bonds and shares all weakened on Monday as investor confidence was shaken by Syria’s shooting down of a Turkish jet, which prompted Ankara to call a NATO meeting for Tuesday to agree a response to Syrian President Bashar al-Assad.

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