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Rolexes and cars; Lebanese spend big to prise savings from the bank

BEIRUT (Reuters) - When she heard Lebanese banks would limit cash withdrawals, Rita, a doctor, rushed out to buy a $10,000 (£7,608.03) Rolex watch on her credit card, anxious to protect some of her savings. "It's better than keeping my money in the bank," she said.

Saudi wealth fund in talks to buy Newcastle United for £340 million

LONDON (Reuters) - Saudi Arabia's sovereign wealth fund is in talks to buy English soccer club Newcastle United for about £340 million, a source familiar with the situation told Reuters, confirming a report in the Wall Street Journal earlier on Saturday.