Qatari and United Arab Emirates shares rallied after MSCI Inc. upgraded both countries to emerging-market status, stoking bets foreign investors will channel more money into equities in the oil-exporting region.
Carson Block, the short-seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Plc because of “deteriorating” loan quality, triggering a 13.5 percent jump in the cost of insuring against losses on the debt of the British lender.
Carson Block, the short seller who runs Muddy Waters LLC, said he’s betting against the debt of Standard Chartered Bank Plc, the U.K. bank that earns most of its profit in Asia, because of the “deteriorating” quality of the loans it has made.
Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $387 billion stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly.
Saudi Arabia, the world’s biggest oil exporter, may allow foreigners to invest directly in stocks in the next year, said John Burbank, founder of $3.7 billion San Francisco-based hedge fund Passport Capital LLC.
Past the two Bentleys in the driveway and beyond the pool and mini water park, the home theater and a sports bar hung with enough memorabilia to equip a basketball team, Tom DeMark has his office -- a dark, wood- paneled lair with six computer screens.