Why Are Financial Markets Ignoring Fiscal Cliff?
Oct. 22 (Bloomberg) -- Washington is warning about the economic consequences of the Fiscal Cliff, but financial markets haven't panicked. Bloomberg Government's Director of Research Robert Litan and Bloomberg News Congressional correspondent Heidi Przybyla explain why in an interview with Peter Cook on Bloomberg Government's "Capitol Gains."
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Why Are Saudi Banks Being Probed About FX Forwards?
23:21 - 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."