Saturday 30 May 2015
 
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Dollar

US economy shrinks in Q1 over strong dollar

The US economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. The government on Fri

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Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets. US crude has risen

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Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets. US crude has risen

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Return of crude/dollar trade fuels oil market dilemma ahead of Opec

A once-popular pair trade pitting the US dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet.  

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Egypt picks arrangers for dollar bond

Egypt as picked five banks to arrange fixed income investor meetings from Thursday ahead of a potential dollar-denominated bond issue, a document from lead arrangers showed on Tuesday. The sovereign, rated B3/B-/B by Moody's/S

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Oil prices edge down as dollar strengthens

Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel

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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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