Friday 11 July 2014

Gold hits near 4-month high

Gold rose to a near four-month high on Monday, adding to last week's gains, as the dollar weakened and investors remained anxious about the pace of the US economic recovery and China's growth. Weak US manufacturing data on


Gold firms after 2-day loss, weak data hurts stocks

Gold edged higher on Thursday, snapping two sessions of losses that pulled it back from 3-1/2 month highs, as a retreat in stock markets after weak French and Chinese data boosted its appeal as an alternative asset. The metal has


Mideast carriers see freight volumes up 12.7pc

Middle Eastern airlines saw a continued robust expansion of demand in June with freight volumes growing by 12.7 per cent year-on-year, said a report released by the International Air Transport Association (Iata). The consistent hi


India economy registers weak growth

India's economy began a feeble recovery in the first quarter of 2013, but weak private consumption, capital investment and slowing public spending offered little hope for a fast rebound in coming quarters. Asia's third lar


Dollar slump 'good news for corporate earnings’

Next week investors could get the clearest indication yet of whether revenues are growing again for US companies as a number of bellwethers are likely to see a benefit from the dollar's weakness. The earnings diary features companies l


Indian workers 'not keen on Dubai jobs'

Many Indian construction workers are choosing not to take jobs in Dubai because their earnings would be eroded by the UAE dirham's peg to the tumbling US dollar, according to a magazine report. South Asian labour, mainly from India, is the


Food prices push Oman inflation to 16-year peak

Oman inflation accelerated for a seventh straight month to a 16-year high of 8.29 per cent in December as the weaker dollar-pegged rial drove up food costs, raising pressure on the central bank to fight rising prices. Food, beverage and to

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