Monday 6 July 2015
 
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Dollar

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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Drake & Scull eyes dollar sukuk issue

Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday. Emirates NBD and HSBC have be

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Drake & Scull eyes dollar sukuk issue

Dubai's Drake & Scull has mandated five banks to arrange a series of fixed income investor meetings starting on Thursday for a potential issue of perpetual US dollar sukuk, it said on Tuesday. Emirates NBD and HSBC have be

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US economy shrinks in Q1 over strong dollar

The US economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. The government on Fri

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Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets. US crude has risen

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Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets. US crude has risen

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Return of crude/dollar trade fuels oil market dilemma ahead of Opec

A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.  

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Egypt picks arrangers for dollar bond

Egypt as picked five banks to arrange fixed income investor meetings from Thursday ahead of a potential dollar-denominated bond issue, a document from lead arrangers showed on Tuesday. The sovereign, rated B3/B-/B by Moody's/S

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