Search Results for: dollar
Economics of a crash
August 31st, 2015
This month has seen something that happens not very often: it appears to be the early stages of a global stock market crash. For the moment investors are in shock, seeking reassurance and keenly intent on preserving their diminishing ...
Gold price likely to average $1,025 an ounce this year
August 31st, 2015
UAE dirham continues to rise against other currencies as US dollar picks up strength Gold’s retail prices in Dubai continued to hold steady on Sunday although analysts are expecting the bullion to resume its weakness following the recovery of ...
Japan reports inflation, household spending soften in July
August 28th, 2015
The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan’s. Japan released data Friday ...
Asian Markets Ride Tide of Strong U.S. Growth
August 28th, 2015
Shares in China, Japan continue streak of gains Asian markets rose Friday as renewed optimism about the U.S. economy and China’s recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its ...
UAE shares rise sharply in line with US and oil price recovery
August 27th, 2015
UAE shares rose sharply on Thursday morning, on the back of US and Asian stock markets, and a rebound in the price of crude oil. Dubai’s headline index surged 4 per cent at the opening bell on Wednesday, and ...
U.S. Stocks Come Charging Back
August 27th, 2015
Six-day losing streak ends as Fed official calls case for September rate increase ‘less compelling’ Stocks snapped a six-day losing streak Wednesday, soaring by the highest percentage in nearly four years amid signs of strength in the U.S. economy ...
Why Saudi Arabia Won’t Cut Oil Production
August 27th, 2015
Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward. At first blush, the ...
Exchanges, Barclays win dismissal of U.S. high-frequency trading case
August 27th, 2015
Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders. U.S. District Judge Jesse Furman in Manhattan said ...
$354 billion foreign exchange reserves too small to fight a crisis: World Bank
August 27th, 2015
“In today’s world where China has $4 trillion in foreign exchange reserves, $354 billion is not enough in case an exchange rate-related issue breaks out.” World Bank chief economist Kaushik Basu on Wednesday said the $354 billion of forex war-chest ...
Mideast Stocks Fall as Saudi Arabia Mulls Budget Cut on Oil Drop
August 26th, 2015
Dubai’s benchmark gauge is biggest decliner in region Brent crude has dropped almost 60 percent in 12 months Most Middle Eastern stock markets declined amid mounting concern the region’s largest economy will cut spending after oil prices slumped to the ...
