Wednesday 24 August 2016
 
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Dollar

Gold down more than 1pc on Fed rate hike views

Gold fell more than 1 percent on Friday, snapping a week-long streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track to end the week higher. Sp

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Bumper US jobs data boosts world stocks

Stocks and the dollar jumped on Friday on strong US employment data that boosted expectations of an acceleration in economic growth and raised the probability of a Federal Reserve interest rate hike this year. Forecast-beating US

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Sisi warns of harsh and tough measures to fix economy

Egyptian President Abdel Fattah al-Sisi warned citizens on Monday that tough measures would be needed to turn the country's ailing economy around as the government negotiates a $12 billion loan programme with the International Monetary Fund.

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Dubai home prices down in H1; further slide seen

Dubai residential prices dropped in the first half (H1) of the year, a report said, projecting further declines. “Some claim this is a supply story, but supply has expanded slowly over the past thirty months,” said Jes

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Dollar Rent A Car opens new branch in Dubai

Dollar Rent A Car, the fastest growing car rental company in the region, has opened its 27th branch in Dubai Marina Mall, a prime location that will provide car rental services to Dubai Marina residential population area and tourists in the city

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Oil bounces back from two-month lows on weaker dollar

Oil futures bounced back from two-month lows on Tuesday, helped by a weaker dollar, but a global stocks overhang and a drop in bullish bets by investors still weighed on prices.   Brent crude was at $46.93 per ba

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S&P 500 hits record high on global risk appetite

The US benchmark S&P 500 stock index set a record intraday high on Monday as last week's strong monthly US jobs report worked its way into financial markets, and European shares rose as a single candidate emerged to succeed David Cameron

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Oil rallies as fears over Brexit abate

Oil rallied on Monday, lifted by a wave of investor confidence and a weaker dollar after polls showed a diminishing chance that Britain may vote to leave the European Union later this week. August Brent crude futures were up 90 ce

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Gold tops $1,300 after Fed rate view

Gold climbed above $1,300 after the Federal Reserve scaled back the outlook for interest-rate increases and Chair Janet Yellen signalled rates may stay lower for longer. Assets in silver-backed exchange-traded funds jumped to a record.

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Gold tops $1,300 after Fed rate view

Gold climbed above $1,300 after the Federal Reserve scaled back the outlook for interest-rate increases and Chair Janet Yellen signalled rates may stay lower for longer. Assets in silver-backed exchange-traded funds jumped to a record.

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