FTAlphaville: Busting currency pegs, Saudi Arabia edition
Unlike China, Saudi FX reserves are twice the size of the money supply. Devaluation is unlikely unless this is The Big One, but this does show the pressure in the global financial system and the demand for U.S. dollars.
GOOG/GOOGL: Blowout Quarter, MSFT: Excellent Quarter As Well
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Google (GOOG/GOOGL) just reported a blowout quarter after the market close
Thursday. Revenue was +15%, Operating Margin surged to 31.6% from 25.0% a
year a...
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