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Sembcorp inks Oman utilities JV projectSembcorp Industries, a leading energy, water and marine group operating across six continents worldwide,has signed a JV agreement with Takamul Investment Company, a subsidiary of Oman Oil Company to develop centralised utilities units for Duqm S More… |
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Gold rises on weaker dollar after 3-day fallGold rose on Tuesday for the first time in four sessions, aided by a softer dollar, but persistent outflows from exchange-traded funds reflected investors' waning interest in the metal as a safe haven. A surprise rise in US re More… |
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Firm dollar hits oil, gold, sharesOil and gold prices fell on Monday as the dollar strengthened, dragging Asian shares lower, but Japanese equities outperformed on the back of the yen's slide to a fresh 4-1/2-year low against the US currency. Investors remaine More… |
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Gold near 2-week high; equities cap gainsGold neared its highest level in more than two weeks on Monday, but gains may be capped by a rally in equity markets and promising US jobs data that dampened speculation the Federal Reserve may boost monetary stimulus. Bullion has More… |
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Brent steady below $103, ECB rate cut supportsBrent crude held below $103 a barrel on Friday, retaining most of its steep gains from the previous session, when an interest rate cut by the European Central Bank boosted investors' appetite for riskier assets. The decision c More… |
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Etihad opens Singapore maintenance facilityEtihad Airways, the national airline of the UAE, has opened a line maintenance base at Singapore’s Changi International Airport, the carrier’s eighth outside Abu Dhabi. Equipped with the latest technology, the new faci More… |
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Thome Group names senior finance managerSingapore-based Thome Group, a provider of ship management services to international shipping and offshore industries, has appointed Allinger Lim Eng Oon as senior manager, Operations Finance. Lim is based in Singapore and is resp More… |
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Gold rises 1pc, holds near one-week highGold rose more than 1 per cent on Monday and held near its highest level in more than a week as a rebound in prices from multi-year lows failed to curb investor appetite for the precious metal, leading to a shortage in physical supply. More… |
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Gold at 1-week high, cenbank purchases aidGold climbed to its highest in more than a week on Thursday, boosted by prospects of more central bank buying after a recent steep sell-off in the precious metal, while a firmer euro also underpinned prices. Central bank purchases More… |
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Gold near 1-week high, investors cautiousBullion edged higher due to physical buying on Tuesday, holding near a 1-week peak touched in the previous session, but more outflows from gold exchange-traded funds summed up investors' weakening confidence in the metal. Inve More… |
