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Oil heads for record annual average over $111Brent crude oil slipped towards $110 per barrel on Monday, averaging more than $111.65 this year, its fourth successive year of annual rises and above the previous record of $110.91 in 2011. Brent fell on worries US lawmakers may More… |
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Saudi tumbles after biggest one-day gainSaudi Arabia's index fell in early trade on Sunday after notching up its largest one-day gain in 10 weeks yesterday as investors waited for new catalysts to justify further buying. The index slipped 0.4 per cent to 6,681 points. It slu More… |
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UAE, Qatar markets rally, gains seen shortlivedThe UAE and Qatar markets ended higher on Monday, tracking a relief rally in global markets after Greece's elections resulted in a slim parliamentary majority to pro-bailout parties. Dubai's benchmark finished 0.7 per cent higher a More… |
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Euro, shares make gains ahead of ECB meetingThe euro and world shares gained on Wednesday as investor expectations grew that the acute financial problems in Spain would prompt the region's central bank to respond with more stimulus measures. Though the European Central Bank (ECB) is More… |
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Gold ticks up, heads for 4th week of gainsGold was firmer near a 7-week high on Friday, heading for its fourth week of gains as the dollar lost ground after the US Federal Reserve pledged to keep rates near zero for some time. Spot gold added $1.65 an ounce to $1,721.69 an ounce b More… |
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Oil ends 2011 up 13pc, third year of gainsOil prices ended 2011 up 13 per cent as a fresh wave of supply concerns capped a year of unrest and disruptions in the Mena region that overwhelmed concerns about the economic health of large consuming nations. Iran's recent threats to shu More… |
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Gold up 10pc in 2011; marks 11th year of gainsGold rose 1 per cent on Friday, rebounding from losses earlier this week that sent the market briefly into bear territory, and the metal sealed its 11th consecutive year of gains. Bullion posted a gain of 10 per cent for 2011, its smallest More… |
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Saudi soars on petchem, banking gainsSaudi shares closed 1.7 per cent higher on gains in the petrochemical and banking sectors on Saturday. The all index share closed at 6,173 points. The stocks soared mainly due to the gains in the petrochemical index which added 2.7 pe More… |
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Gulf markets tracking Saudi gainsGulf markets were seen rising on Sunday, tracking gains in Saudi Arabia a day earlier as trading resumed following a religious holiday. Saudi Arabia's index rose 2.1 per cent on Saturday, its largest gain since March 26 as local i More… |
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Brent at $116; heads for biggest quarterly gainBrent crude rose 0.4 per cent towards $116 on Thursday, heading for the biggest quarterly gain in almost two years as war, revolutions, and unrest across the Mena region thrusted supply constraints to the forefront of investor concerns. Th More… |
