Tuesday, September 4, 2012

Britain's Simmonds smashes own record twice

DUBAI (Reuters) - The Middle East will be an important growth area in coming years for investment banks, including Barclays , as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said. "If you look globally, the upside is in emerging markets and the Middle East is a key component of that," Makram Azar, global vice-chairman for investment banking at Barclays, told Reuters. "We are committed to the Middle East. I do not see why our strategy would change," Azar said in an interview. ...

Source: http://news.yahoo.com/britains-simmonds-smashes-own-record-twice-174428700--oly.html

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