Wednesday 16 April 2014

Gold demand recovers in Q2: report

A strong recovery in consumer demand for gold has continued in the second quarter, with numbers up from the previous quarter, said a report. The latest edition of the quarterly summary of the state of gold worldwide, published by


Oil recovers on China growth stimulus hopes

Oil prices recovered on Monday, with US crude up 0.5 per cent to hit $91.91 a barrel, after falling more than one per cent on Friday mainly on hopes that China could take new steps to stimulate growth and lift fuel demand at the world's second


Gold retreats from record as markets recover

Gold prices retreated from early record highs near $1,900 an ounce on Monday, as a rebound in stock markets from last week's lows gathered pace, denting interest in so-called safe haven assets like German bunds and bullion. Although th


Consumers see economy recover in 3 years

Consumers in major Middle Eastern and Western countries expect the global economy to revert to pre-crisis levels within the next three years and believe that conditions are not as bad as reported by media, says a new study. The consumer co


Mideast merger activity 'to pick up in 2011'

The mergers and acquisitions activities in the Arab region, which have been severely hit by the global financial meltdown and stock market collapse, is set to recover only in 2011 and beyond, said an industry expert. Dr Karim El Solh, chie


Global economy 'on brink of an upswing'

The global economy is set to recover in the second half of 2009 as the financial markets gets stabilised and investors’ risk aversion significantly reduced, according to Bank Sarasin, a leading Swiss private bank. Bank Sarasin in its lates


UAE 'first to recover from crisis'

The worst had passed for the UAE and the country was now in the recovery phase even as the rest of the world was reeling under the economic crisis, said the country's deputy prime minister. “We are the first country to recover from this cr

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