Sunday 13 July 2014

Gold falls after two-day rise

Gold slipped on Wednesday after two days of gains as weak China trade data raised fears of an economic slowdown in the world's second-biggest consumer of the metal.      China has been a big support for gold pric


Gold falls from record after Swiss peg move

Gold fell from record highs on Tuesday after Switzerland's decision to peg its currency to the euro shook financial markets and sparked a broad flight to liquidity, but the metal is set for fresh gains as the franc's safe-haven status wane


Oil falls to $113 on bearish global demand

Oil dropped by $2 to $113 a barrel on Friday to trade near the lowest since early May, pressured by faltering global demand and rising supply. Crude has fallen sharply since reaching an all-time high of $147.27 a barrel on July 11 partly o


Shuaa Capital Q4 net plunges

Shuaa Capital, the Dubai-based investment bank that helped arrange last year's $5 billion DP World IPO, said fiscal fourth-quarter net profit fell by almost half to Dh58.9 million ($16.04 million), including minority interests. Net profit


BKIC Q1 profit plunges

The Bahrain Kuwait Insurance Company (BKIC) achieved a net profit of BD1,723,835 ($4.5 million) in the first quarter of this year against BD1,750,984 ($4.64 million)for the same period last year. This 1.5 per cent decrease was due to the


Euro zone money supply dips 10pc

Euro zone money supply growth, a leading indicator of inflation, slowed sharply last month, provisional data from the European Central Bank have showed. Growth of the ECB's broad M3 measure fell back to 10.3 per cent from 11.3 per cent the


Agility Q4 profit drops 8pc

Kuwait's Agility, the Gulf's biggest logistics provider, posted an eight per cent fall in fourth-quarter profit, according to Reuters calculations based on a report. Kuwaiti newspapers also said that Agility, which has been diversifying it

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