Clock Ticks on Fiscal Cliff as Congress Returns
Nov. 12 (Bloomberg) – In today’s “Lunch Money Minute,” Bloomberg’s Peter Cook reports on the short time available to come to a solution on the fiscal cliff as Congress returns to Washington, D.C. on Tuesday. He speaks on Bloomberg Television’s “Lunch Money.”
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Why Are Saudi Banks Being Probed About FX Forwards?
49:46 - 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."