Obama Names 3 to Cabinet for EPA, Energy, Budget
March 4 (Bloomberg) -- President Barack Obama announces three cabinet-level nominations, choosing Sylvia Mathews Burwell of the Wal-Mart Foundation as director of the Office of Management and Budget, scientist Ernest Moniz as head of the Energy Department, and Gina McCarthy to lead the Environmental Protection Agency, where she’s been an assistant administrator. Obama speaks at a news conference at the White House. (Source: Bloomberg)
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Why Are Saudi Banks Being Probed About FX Forwards?
42:59 - Banks in Saudi Arabia are coming under fresh pressure over products that allow speculators to bet against the kingdom’s currency peg, according to people with knowledge of the matter. The Saudi Arabia Monetary Agency has asked lenders to explain why they are offering dollar-riyal forward structured products to customers less than four months after the regulator banned options contracts that let speculators place wagers on a currency devaluation, the people said. Bloomberg's Lyubov Pronina reports on "Countdown."