Friday 22 May 2015
 
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Dollar

Gold up on softer dollar, but set for biggest weekly drop

Gold rose on Friday as the dollar's rally stalled ahead of US inflation data, but it was still on course for its biggest weekly decline in four weeks. Spot gold rose 0.5 per cent to $1,211.98 an ounce by 1001 GMT. It was down

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Oil down as firmer dollar, bearish outlook offset ME turmoil

Oil slipped on Monday as a rallying dollar weighed on the commodities complex amid a bearish price outlook by influential Wall Street firm Goldman Sachs and risks of growing oversupply. Crude oil prices erased early gains of more

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Gold edges off three-month high as dollar firms

Gold fell from three-month highs on Friday as the dollar firmed, but stayed on track for its biggest weekly gain since mid-January as a spate of soft economic data dented expectations for an imminent rise in US interest rates. The

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MasterCard doubles card numbers in Mideast, Africa

MasterCard has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its payments system. That

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Oil rises $1 to hit fresh 2015 high

Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker dollar and a disruption to crude exports from Libya. Oil bulls have pushed prices higher this week, a

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Oil near 2015 highs on weak dollar, Libya supply

Oil prices rose on Wednesday to hold near 2015 highs, continuing a month-long rally that was supported by a weaker dollar and a disruption to crude exports in Libya. Oil bulls have pushed prices higher this week, after a rally of

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British Airways, Air France face heat from stronger dollar

British Airways-owner IAG swung to a profit for the first time in its seasonally weakest first quarter, but warned a stronger dollar would hold it back this quarter, echoing a warning from rival Air France-KLM. Both airlines saw l

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Strong dollar erodes Dubai residential sale prices

The strong US dollar continued to hit Dubai property prices during the first quarter (Q1) of the year, but apartment transaction volumes remain resilient, an industry expert said, adding that the market downturn is attracting selective investmen

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Equities hit record highs, dollar slips on gloomy data

Equity markets worldwide climbed to record highs on Friday as solid corporate earnings and an all-time peak for the Nasdaq stock index stoked investor optimism, while the dollar eased on gloomy US economic data. Amazon.com, Micros

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Gold up, but set for weekly fall as US rate bets buoy dollar

Gold rose on Friday as chart levels were broken, but was still heading for its first weekly fall in four, pressured by a stronger dollar and renewed expectations for a US rate hike this year. Spot gold climbed 0.8 per cent to $1,2

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