Sterling headed towards its biggest loss in almost six years against the dollar on Monday, hit by a rise in the odds on a "Brexit" after a handful of senior ruling Conservatives joined the campaign to leave the European Union.
Prime Minister David Cameron won an emphatic election victory in Britain, overturning predictions that the vote would be the closest in decades to sweep into office for another five years, with his Labour opponents in tatters.
R&P Ltd, a toll compounder for ExxonMobil Chemical in the thermoplastic olefin (TPO) market, has licensed from EMC the technology to produce similar Specialty PP Compounds (TPO) to be marketed under its brand name Sterling for the Asia Pacif
Sterling slipped to a fresh 2-1/2 year low against the dollar on Tuesday after dismal British manufacturing data revived fears of another recession and increased bets of more easing by the Bank of England.
UK industrial output une
Sterling hit a 2-1/2 year low against the dollar on Monday as hedge funds and long-term investors sold, seeing the pound as susceptible to more weakness given contrasting outlooks for the British and US economies.
Sterling hit a two-and-a-half year low against the dollar and a 16-month trough against the euro on Monday after ratings agency Moody's stripped the UK of one of its prized triple-A ratings, rounding off a week of woe for the currency.
Sterling United Kingdom Real Estate Fund (Surf), a joint venture between Saudi-based Sidra Capital and UK-based Shariah compliant bank Gatehouse, has distributed higher than expected net dividend of 7 per cent (annualised) to its investors.
Gold rose for an eighth day on Wednesday, set for its longest stretch of gains in nearly five years, and struck a record high close to $1,580 after European leaders mulled the option of a Greek default and Ireland's credit rating was
Cristal Hotel and Resorts, a luxury hospitality company, has partnered with Preferred Hotel Group (PHG), a global sales and marketing business, aiming to expand its global market presence and boost sales by 10 per cent in 2010.
Sterling, which tumbled to multi-month lows against major currencies on Monday on a flagging economy and political uncertainty, has further room to decline, particularly against the euro, technical analysts say.
Analysts said euro/sterling