Business Blog

United Arab Emirates-based lender National Bank of Ras Al Khaimah RAKB.AD (RAKBANK) has given initial price thoughts in the area of 170 basis points over midswaps for its benchmark-sized five-year debut bond.

British tailors Gieves and Hawkes, who have made uniforms for the British monarchy, are expanding internationally.

(Updates ahead of Wall Street open, adds U.S. business survey data) * Main European bourses 0.3-0.5 pct lower as Iraq, Ukraine tensions weigh * Crude near 9-month highs on fears of impact of Iraqi insurgency * Wall Street seen down, Nikkei skids to two-week closing low * Fed meeting, China house price data in focus this week By Marc Jones LONDON, June 16 (Reute

Middle Eastern investors are expected to spendUSD180 billion in commercial real estate markets outside of their own region over the next decade, according to the latest research from global property advisor CBRE.

Fighting in Iraq and Ukraine drove a global shift into traditional safe-haven currencies, precious metals and bonds on Monday, and kept oil near a nine-month high.

Writing almost a century after the Acts of Union joined Scotland with England, and 50 years since its Jacobite uprisings were brutally suppressed, the bard Robert Burns bemoaned the real reason behind his nation's loss of independence: money and its ability to sway the vote.