Small Businesses Have Challenges Goldman Doesn't

Oct. 2 (Bloomberg) -- Lloyd C. Blankfein, chief executive officer of Goldman Sachs Group Inc., says small businesses are the "backbone" of America and entrepreneurs have challenges he doesn't have running the fifth-biggest U.S. bank by assets. He spoke yesterday in Long Beach, California, at a meeting to recognize community college graduates of the firm's 10,000 Small Businesses program. (Excerpts. Source: Bloomberg)

Riyal Dollar Peg Is Under Review
16:01 - Saudi Arabia's fiscal stresses are driving speculation the kingdom may change the riyal's peg to the dollar. The Saudi Arabian Monetary Authority maintains the spot exchange rate of the riyal at 3.75 to the dollar, which means future expectations of its value must be examined through the forwards or options market. Societe Generale Economist Strategist Xavier Denis discusses with Bloomberg's Manus Cranny and Rishaad Salamat on "Bloomberg Markets Middle East."
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