Wednesday, 20 June 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Investors Remain Wary in Wake of Saudi Crackdown
Tuesday, 14 November 2017 13:15 WIB | GLOBAL |Global

A week after an unprecedented crackdown on some of Saudi Arabia™s wealthiest princes and businessmen, foreign governments and investors are still trying to answer basic questions about a round-up Saudi authorities describe as an anti-corruption drive spearheaded by the Gulf kingdom™s crown prince.

Is 32-year-old Mohammad bin Salman set on a power grab to ensure his succession will be untroubled when his ailing father dies? Or is he what he says he is, a reformer determined to modernize a kingdom infamous for a sclerotic system of governance that™s weighed down by the demands of different branches of the extended royal family?

Rumors abound in the Saudi capital that the purge is not yet finished and more arrests in the coming days are being predicted by Saudi-based foreign diplomats, who remain stunned by the scale of the crackdown.

Young middle-class Saudis, long frustrated by graft and the hidebound ways of the kingdom, are applauding the crown prince™s purge, but foreign investors are cautious, fearing Mohammad bin Salman may have bitten off more than he can chew.

Long viewed as a stable place to do business, the latest purge saw an estimated 500 people arrested, including the country™s richest man, Prince Waleed bin Talal, the billionaire businessman who co-owns the Four Seasons hotel chain and until recently was a major investor in Rupert Murdoch™s worldwide media empire. He was arrested at his luxury desert camp.

Source : VOA

RELATED NEWS
China Warns US of 'Countermeasures' Against Possible New Tariffs...
Tuesday, 19 June 2018 20:46 WIB

China hari Selasa (19/6) mengatakan akan mengambil tindakan pembalasan yang tepat jika Amerika Serikat meneruskan rencana untuk mengenakan tarif tambahan terhadap barang-barang dari China. Presiden A...

Xiaomi to Debut in Hong Kong First After Postponing Shanghai IPO...
Tuesday, 19 June 2018 10:01 WIB

Xiaomi Corp. telah memutuskan penawaran umum perdana di Hong Kong sebelum didaftarkan di Shanghai, mengulang kembali porsi kunci dari salah satu debut pasar saham yang paling dinanti tahun ini. Pembu...

The International Classification of Diseases was last revised 28 years ago....
Tuesday, 19 June 2018 09:11 WIB

Untuk kali pertama, Organisasi Kesehatan Sedunia (WHO) menambahkan gangguan akibat bermain game ke bagian Gangguan Mental dan Adiktif dalam Klasifikasi Penyakit Internasional (ICD) baru. ICD menyedia...

S. Korea Flexible on Ending Joint US Military Drills...
Monday, 18 June 2018 21:09 WIB

Para pejabat di Seoul bereaksi dengan berhati-hati mengenai rencana penghentian latihan militer bersama Amerika-Korea Selatan. Tetapi seorang penasehat presiden yang berpengaruh memandang hal itu seba...

At least 3 killed in 6.1-magnitude Japan earthquake...
Monday, 18 June 2018 11:22 WIB

Associated Press melaporkan, gempa kuat di dekat Osaka, Jepang, Senin pagi menewaskan sedikitnya tiga orang dan melukai sedikitnya 41 orang, mengutip dari pemerintah setempat. Gempa berkekuatan 6,1 sk...

POPULAR NEWS
Gold Notches Modest Bounce From Lowest Close of 2018

Gold futures notched a modest gain on Monday,...

Wall. St., Main St. See Higher Gold Prices

Wall Street and Main Street both look for gold...

Gold gets no traction from haven demand, pinned near 2018 lows

Gold futures fell early Tuesday as potential...

LATEST NEWS
USD/JPY back in play near 110.00 after recovering from Tuesday's dip

The USD/JPY is trading close to the 110.00 handle in early Wednesday action following Tuesday's drop-and-bounce as broader markets roiled following a notable ramp-up in the trade war rhetoric between the US and China. Another round of tariffs from...

Tokyo Stocks Open Slightly Higher

Tokyo stocks opened higher on Wednesday in cautious trade amid lingering fears of a trade war after US President Donald Trump threatened fresh tariffs on Chinese imports. The benchmark Nikkei 225 index edged up 0.31 percent or 68.21 points to...

HK stocks hit over 4-month low as Sino-U.S. trade spat escalates (Review)

Hong Kong stocks closed at their lowest in more than four months, tracking other Asian markets roiled by escalating China-U.S. trade frictions. The Hang Seng index closed down 2.8 percent at 29,468.15, its lowest since early February, while the...