The trade war between the United States and China has lasted for more than one year — and a resolution is nowhere in sight.World Economyread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Investors await the Fed's latest decision on monetary policy, set to be released on Wednesday stateside. The U.S. central bank is widely expected to cut rates by 25 basis...Asia Marketsread more
TransferWise posted an annual net profit of £10.3 million on revenues of £179 million.Technologyread more
Live the high life with a night's stay at Highclere Castle, the iconic stately home made famous by Downton Abbey.Spendread more
Large banking institutions face the risk of failure if interest rates in Europe continue to stay negative, warns the global chief economist of the Economist Intelligence Unit.Banksread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
In the survey, conducted after the third in the Democratic Party's series of debate, the former vice president draws 31% compared to 25% for the Massachusetts senator. At 14%,...2020 Electionsread more
Stocks rose slightly on Tuesday, but gains were capped as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
The governor of Qatar's central bank believes the country's economy will be able to fully withstand any financial shocks brought on by the dispute in the Gulf, and welcomed outsiders to investigate its accounts and money flows.
"We're not guilty," Abdullah Saud Al-Thani told CNBC in an exclusive interview Sunday. The central banker referred to the accusations placed by other Arab nations that accuse Qatar of supporting terrorism.
"We have no challenges, we welcome those to review all our books, they are open," he added.
Qatar still finds itself excluded and singled out by its near neighbors. Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain are leading a boycott against Qatar, and since last month have severed diplomatic and transport ties.
Doha denies charges that it supports terrorism, and denies that it has allied itself with regional foe Iran. Qatar is now seeking compensation for damages from the blockade. On Thursday evening, the four Arab nations released a joint statement pledging new political, economic and legal steps against Qatar, according to Reuters.
Still, the country's central banker dismissed the allegations that have beset the country.
"Qatar has already had a good and unique system. We have laws established against all these kinds of terrorists ," Al Thani told CNBC. "We work with the IMF (International Monetary Fund) and other institutions to establish our laws and audits and reviews."
Qatari stock markets have sunk lower on the boycott and the country's currency—the riyal—has seen wild fluctuations, while credit ratings agencies have warned on a period of uncertainty for the nation.
However, Al-Thani told CNBC that while the bank has noticed money outflows from some non-residents, the size of them wasn't particularly significant.
"There is more [money] coming in," he said, confirming that inflows are exceeding the outflows.
Speaking at the bank's headquarters in Doha, he said that the Qatar Central Bank had $40 billion in cash reserves plus gold. In addition, the Qatar Investment Authority has $300 billion in reserves that it could liquidate, he said. He also spoke of long-term contracts in the gas and oil sectors that were not seeing any disruptions.
"This is the credibility of our system, we have enough cash to preserve any - any kind of shock," he said.
"So we don't believe that there is anything to worry about at this moment. What I can say is that our environment is proof to anybody that we are first of all solid, strong and resilient against any kind of shocks," he added.