Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the US Federal Reserve.
Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in
Former chairman of the US Federal Reserve Dr Ben S Bernanke will speak at the 2014 Global Financial Markets Forum (GFMF), organised by the National Bank of Abu Dhabi (NBAD).
Dr Bernanke, who left his post as the chairman of the Board of
The US Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
Brent futures slipped on Thursday on the back of a stronger dollar, but held above $108 a barrel as a drawdown in US stockpiles for a third week buoyed hopes of a steady revival in demand growth.
The US dollar held on to overnight
Gold eased on Wednesday but stayed near a three-week high, as the dollar gained ahead of keenly awaited congressional testimony by US Federal Reserve Chairman Ben Bernanke later in the day.
Bullion prices have traded in a tight ra
Brent futures slipped below $108 a barrel on Wednesday as investors were reluctant to lock in fresh positions, awaiting more clarity from Fed Chairman Ben Bernanke on the US central bank's plan to roll back its monetary stimulus.
Gold extended gains on Monday after posting its biggest weekly percentage increase in nearly two years, as fears eased that the US Federal Reserve would wind down its stimulus programme early.
Fed Chairman Ben B
Emerging economies that have thrived on ultra-loose US monetary policy and insatiable Chinese demand for natural resources are in for another rude wake-up call this week.
The twin tailwinds are not turning into
Gold jumped to its highest in more than two weeks on Thursday after Federal Reserve Chairman Ben Bernanke said the US central bank will continue to pursue an accommodative monetary policy for now to support the economy.
Gold fell for a third session on Monday on fears the US Federal Reserve could soon begin tapering its bond-buying stimulus after a stronger-than-expected jobs report, and as the dollar hit a three-year high.
Bullion, typically see