The Dubai Gold and Commodities Exchange (DGCX) has approved the UOB Bullion and Futures (UOBBF), a wholly-owned subsidiary of Singapore’s United Overseas Bank (UOB), as a clearing member of the exchange.
UOBBF is a fully-lic
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
Brent futures fell slightly but held above $109 on Tuesday, as oil production in the Gulf of Mexico returned to normal and the US budget crisis continued to cloud the outlook for demand in the world's biggest oil consumer.
Brent futures edged down towards $109 a barrel on Monday as oil production resumed in the Gulf of Mexico after a tropical storm, while lingering concerns over the US government shutdown clouded the outlook for demand.
Brent futures slipped below $109 a barrel on Thursday, after posting their biggest gain in two weeks in the previous session, on worries a prolonged US government shutdown would hurt demand in the world's biggest oil consumer.
Brent futures eased on Tuesday as worries over a military strike on Syria eased, but held above $114 a barrel as investors focused on prospects of a revival in demand growth with factory output across most of the world improving.
Brent futures fell more than a dollar to a one-week low below $113 on Monday, with supply disruption worries receding as a military strike against Syria looked less imminent.
Fears eased after US President Barack Obama said he wou
Brent crude futures remained steady above $107 a barrel as investors looked to a Federal Reserve meeting for clues on the outlook for the US monetary stimulus programme that has bolstered demand in the world's No.1 oil consumer.
Brent futures were little changed above $107 a barrel on Monday as concerns surrounding demand growth were countered by a weak dollar and fears about supply disruptions.
Investors have been rattled by a slowdown in China, and are
Brent futures slipped towards $108 on Monday as weak China data renewed concerns over demand growth from the world's second-biggest oil consumer, but continued falls in refined product and crude stocks in the United States helped stem losses