Wednesday 29 July 2015
 
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Dollar

Gold slides again as investors pull back

Gold fell more than 1 per cent to a five-year low on Wednesday as a bounce in the dollar fuelled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week. A looming rise i

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Oil drops on stronger dollar, ample supply

Oil prices edged lower on Tuesday, dragged down by a firm dollar and ample supply of both crude and refined products. Expectations of more Iranian supply following a nuclear deal and concerns that economic worries in China and Eur

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Dollar in demand, gold dives to five-year low

The US dollar held broad gains in Asia on Monday as investors looked ahead to higher interest rates from the Federal Reserve, while gold slumped to five-year lows as a lack of global inflation left little to hedge against. The pre

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Gold around 8-month low on Fed hike prospect

Gold fell close to its lowest level in eight months on Friday (July 17) pressured by a strong dollar and increasing bets on a Federal Reserve rate rise this year while platinum hit lows not seen in more than six years. Platinum br

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No big rial appreciation after Iran deal

Iran's central bank governor indicated on Wednesday that Tehran was keen to dampen any rise in the rial due to optimism over the lifting of economic sanctions after its nuclear deal with world powers. The rial, which suffered

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Global equities rally on Greek agreement

World equity prices rallied on Monday as investors welcomed a conditional agreement to negotiations aimed at keeping Greece afloat with a bailout and to stay within the euro zone. European equities surged almost 2 per cent while W

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Why ‘Grexit’ worries weigh down oil price

As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain, a report said. Setting aside both the deeply troubling social impact for Gr

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Saudi foreign assets dip after dollar surge

The net foreign assets at Saudi Arabia’s central bank fell to SR2.521 trillion ($672.2 billion) in May, down by $6.6 billion or one per cent from the previous month as the kingdom continued to draw down reserves to cover a budget gap cause

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Redesigned $10 US bill to feature a woman

For the first time in more than a century, US paper currency will feature the face of a woman. Treasury Secretary Jack Lew said on Thursday a newly redesigned $10 bill, set to be unveiled in 2020, will feature ‘a woman who h

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Drake & Scull mulls $200m dollar sukuk

Dubai's Drake & Scull International has set initial price thoughts for its perpetual dollar sukuk not callable for five years in the nine per cent area, according to leads. The deal size was expected in the area of $150 to

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