Baidu Profit Tops Market Estimates
July 25 (Bloomberg) –- Bloomberg’s David Ingles reports on earnings for China’s largest search engine, Baidu, which were boosted by higher mobile ad sales. He speaks to Angie Lau on Bloomberg Television’s “First Up.” (Source: Bloomberg)
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Riyal Dollar Peg Is Under Review
27:50 - 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."