Search Results for: oil
The US$200 million investment scam; hunt is on
April 13th, 2017
Investigators looking into a financial scam that took Dubai residents for tens of thousands of dollars have shifted their focus to recovering about US$200 million (Dh734.5m). The sum is believed to have been siphoned from a Dubai branch of ...
Gold price edges higher on rising geopolitical tensions
April 12th, 2017
Gold prices edged higher during Asian trading hours on Tuesday April 11 – rising geopolitical tensions buoyed haven demand for the yellow metal, while US Federal Reserve chair Janet Yellen’s comments on gradual US interest rates rises had a limited ...
Japan Stocks Tumble, Yen Gains Amid Risk Aversion: Markets Wrap
April 12th, 2017
Gold remains at year’s high as geopolitical concerns linger Treasuries extend gains, oil climbs for seventh session Japanese shares tumbled after the yen jumped to the highest since November as investors avoided riskier assets amid lingering geopolitical concerns. Treasuries ...
Asia Stocks Slump as China Shares Drop, Yen Gains: Markets Wrap
April 11th, 2017
Treasury yields fall on geopolitical concerns, Yellen comments Crude futures steady after longest winning streak of the year Asian stocks fell as Chinese shares slumped and the yen weighed on Japanese equities. Treasuries climbed amid increasing caution about geopolitical ...
Latest Saudi Arabia Tax and VAT updates; No VAT and Tax to pay
April 10th, 2017
No income tax for Saudi citizens, says finance minister Kingdom will keep VAT at 5% until 2020, and impose 50% tax on soft drinks, 100% on tobacco products from Q2 Saudi Arabia has reiterated that citizens will not pay ...
Most Asian Stocks Rise as Yen’s Drop Lifts Topix: Markets Wrap
April 10th, 2017
Korean shares slip with the won; oil extends last week’s gain Earnings from Prada, JPMorgan and Tesco are expected this week Most Asian stocks rose, with a falling yen pushing shares higher in Japan, as investors weighed the impact ...
Gold rallies to 5-month high as U.S. airstrikes on Syria drive investors to haven assets
April 8th, 2017
Gold prices surged on Friday, as investors flocked to the perceived haven asset in the wake of U.S. military airstrikes against Syria in retaliation for a suspected chemical attack on civilians earlier in the week. Gold for June delivery ...
UN forecasts ‘relative tranquility’ in grain markets in 2017-18
April 7th, 2017
The United Nations forecast “relative tranquillity” ahead for grain prices as – unlike some other commentators – it forecast a further rise in world wheat inventories next season, besides a record coarse grains harvest. The UN food agency, the ...
What economists expect to benefit the UAE economy this year
April 6th, 2017
Robust global trade growth to benefit UAE economy in 2017 Recovery in global trade flows combined with improving demand conditions in the GCC markets, especially Saudi Arabia, is expected to benefit the UAE economy this year, according to economists. ...
Stocks Fall in Asia After Fed Balance-Sheet Signal
April 6th, 2017
Bloomberg Dollar index erases Wednesday loss; yen rises again Treasury yields steady as pace of U.S. hikes questioned Stocks slid in Asia and futures in the U.S. ticked lower after minutes from the latest Federal Reserve meeting showed that ...
