Saturday 5 September 2015
 
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slump

Gold faces longest weekly losing run since 1999

Gold steadied near a 5-1/2-year low on Friday and was on track to show a loss for the seventh week in a row, its longest such slump since 1999, ahead of US data that may determine how soon the Federal Reserve raises interest rates.

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As oil falls below $50, analysts eye "mid-price" era

A slump in oil below $50 a barrel - a level it has held above for most of the past decade - has raised the prospect of a new era of lower prices, although a return to super-cheap oil seems unlikely.   Prices belo

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Low price signals longer-lasting retrenchment for oil industry

The slump in crude prices has jolted the oil industry into deep cost cutting which, unlike the previous downturn, could last for a few years at least. After overspending by the industry during the boom years, the collapse in prices in t

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Bahrain's banking liquidity remains strong

Commercial bank lending in Bahrain is expected to pick up after a slump, and the plunge of oil prices is not hurting liquidity in the banking system, Central Bank of Bahrain Governor Rasheed Al Maraj said yesterday (February 24).

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World food prices fall in January, unlikely to rally

World food prices are unlikely to rise much from their four-year slump as long as high production, low oil prices and limited import demand continue, a senior economist for the United Nations food agency said. The United Nations F

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Saudi Arabia should move to curb oil price fall: Iran

Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters. Hossein Amir Abdo

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Dubai upbeat on project funding despite oil slump

Dubai is confident that it will be able to raise equity and debt to finance all its huge development projects over the next five years despite the plunge in oil prices, the head of the emirate's Department of Finance (DoF) said.

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Dubai upbeat on project funding despite oil slump

Dubai is confident that it will be able to raise equity and debt to finance all its huge development projects over the next five years despite the plunge in oil prices, the head of the emirate's Department of Finance (DoF) said.

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Non-oil companies back in spotlight

With crude oil prices hitting five-year lows, investors are scrambling to gauge the impact of the sharp drop in petroleum costs on companies beyond the energy sector, said a report. Determining the effects of the decline in commod

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Gulf states must cut spending amid oil price slump

Gulf oil exporters face inevitable spending cuts as weak oil prices cloud their economic outlook, Kuwaiti Finance Minister Anas al-Saleh said on Saturday. "We must undertake comprehensive economic reforms including the reform

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