Tuesday 26 July 2016
 
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Dollar

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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Gulf states must cut deficits to keep pegs: IMF

Gulf oil exporters must cut spending and narrow their budget shortfalls to keep their currencies pegged to the dollar, the International Monetary Fund said. While substantial foreign assets have allowed the six members of the GCC

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Oil off 7-month high, but momentum strong

Brent crude prices inched lower on Tuesday after hitting a seven-month high a day earlier, but market momentum appeared strong on a weak dollar, French refinery restarts, Nigerian oil infrastructure attacks and falling US crude inventories.

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Gold drops to 7-week low on Fed rate hike prospects

Gold fell to a seven-week low on Wednesday after upbeat US home sales data in the previous session boosted expectations that the Federal Reserve will press ahead with interest rate hikes in the near term. The metal has fallen more

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