http://blogs.wsj.com/deals/2008/05/08/its-dubai-mumbai-or-good-bye/ Investment banks following the money trail are shifting some top earners to Dubai to help tap the booming oil-rich Persian Gulf economies and the estimated $1.5 trillion held by sovereign wealth funds there.
http://www.ft.com/cms/s/0/c47190fe-a452-11dd-8104-000077b07658.html?nclick_check=1 Thailand on Monday said it planned to barter rice for oil with Iran in the clearest example to date of how the triple financial, fuel and food crisis is reshaping global trade as countries struggle with high commodity prices and a lack of credit.
http://economictimes.indiatimes.com/Slice_of_forex_reserves_for_liquidity-hit_banks/articleshow/3644203.cms
Last week, the Reserve Bank of India (RBI) governor said that the monetary policy authority would take conventional and unconventional measures to ensure financial as well as price stability and growth.
The committee, appointed by the finance minister to assess the liquidity situation, has said that a portion of India's forex reserves, aggregating $273 billion, could be used to invest in securities such as bonds issued by foreign offices of Indian banks, said a person familiar with the issue.
