MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
BLOOMINGTON, Minn. Oct 4 Whomever President Barack Obama chooses as the next head of the Federal Reserve will face a stern test of leadership to resist pressure to prematurely tighten monetary policy, a senior U.S. central banker said on Friday.
"The real test for us ... (is) going to be about being able to keep a high level of (policy) accommodation in place, even as there (are) a lot of onlookers and observers calling on us to back off," said Minneapolis Fed President Narayana Kocherlakota.
"The leadership being provided by the chair person in that regard will be critical."
Obama is expected in the next few weeks to nominate his choice to succeed Fed Chairman Ben Bernanke, whose term ends in January. The White House has said that Fed Vice Chair Janet Yellen is the top candidate to take the helm.
ISTANBUL, Sept 24 Ratings agency Moody's cut Turkey's sovereign credit rating to "junk," citing worries about the rule of law after an attempted coup and risks from a slowing economy, in a move that could deter billions of dollars of investment.
ISTANBUL, Sept 24 Credit ratings agency Moody's Investor Service has downgraded Turkey's sovereign credit rating to non-investment grade citing worries about the rule of law following an attempted coup, risks from external financing and a slowing economy.