Gulf and Arab banks are unable to finance huge projects in the oil-rich Gulf region and fill a credit gap created by the withdrawal of foreign banks amid the global financial crisis, bankers said on Monday.

It is incontrovertibly true that mutual dependence on stable global finance creates something of an economic Mutual Assured Destruction situation.

LONDON/BEIJING (Reuters) – Factory activity in the euro zone expanded for the first time in 17 months in October and also picked up in Britain and China, suggesting global economic recovery is underway, surveys showed on Monday.

CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans. …

Investors were bracing for a week of meetings at major central banks, including the U.S. Federal Reserve and European Central Bank, the release of minutes from the past meetings of others and a G20 finance ministers’ meeting. …

Just a couple of weeks ago, renowned global investment banks including Goldman Sachs had reviewed their earlier prediction that oil could end the year at $75, adding that the recent global financial crisis, coupled with a weak U.S …

Noting that global finance system had changed, Davutoglu said that the recent financial crisis was big, and none of the countries could struggle against the crisis alone, thus, it was important to act together. …

While India’s relatively low dependence on exports has limited its exposure to global demand shocks, the longer-term impediment to India’s continued growth may be global financial shocks. What steps can be taken by the financial …

CIT Group Inc, a lender to hundreds of thousands of small and medium-sized businesses, filed for bankruptcy on Sunday, as the global financial crisis left it unable to fund itself and the recession clobbered its loans.

Leo Panitch, Martijn Konings, “American Empire and the Political Economy of Global Finance ” Palgrave Macmillan | 2008 | ISBN: 0230551262 | 296 pages | PDF | 1,4 MBReview ‘Panitch