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Commodities slump sends slow ripples through worldLower airfares, cheaper food and rising profit margins are among the benefits that should flow from tumbling oil and commodity prices - but only after a long lead time. Having poured $400 billio More… |
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Growth fears hit shares and oil, gold stableWorld shares and industrial commodities fell on Wednesday as global growth concerns overwhelmed support from the prospect of ongoing central bank stimulus in the US and Japan. The growing belief the Federal Reserve will maintain i More… |
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Gold, oil steady after plungeGold regained ground after its biggest fall on record and oil steadied after falling below $100 a barrel for the first time in nine months on Tuesday but investors stayed nervous about the health of the global economy. More… |
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FIS moves ship futures team to DubaiFIS, one of the leading brokers in the freight forward agreement (FFAs) market, is relocating most of its dry cargo ship futures team to Dubai from London to take advantage of growth markets there and closer proximity to Asia. More… |
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DGCX’s new trading platform goes liveDubai Gold & Commodities Exchange (DGCX), the region’s first derivatives exchange, said its new trading platform, the EOS Trader Platform, has gone live. The activation of the EOS Trader Platform marks the complet More… |
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DME appoints head of Energy ProductsDubai Mercantile Exchange (DME), a premier international energy futures and commodities exchange in the Middle East, has named Paul Young as head of Energy Products with immediate effect. Young brings a wealth of pricing expertise More… |
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DME posts 40pc growth in window volumesDubai Mercantile Exchange, an energy futures and commodities exchange, said that average daily volumes (ADV) in the settlement window grew by 40 percent in 2012 reaching 1407 compared with 1003 in 2011. November saw record levels More… |
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Dubai claims 29pc of global gold tradeDubai now has about a 29 per cent market share of global gold trade with nearly 1,200 tonnes - worth about $41 billion - changing hands at the city's gold markets, according to the gold industry website bullionstreet.com. That More… |
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Top Chinese firms for Sharjah agri expoHundreds of leading Chinese agriculture companies, chemicals, fertilizers and equipment makers and promoters of latest farming techniques are taking part in the ongoing China Agriculture Expo in Sharjah. The agriculture expo is be More… |
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Gold drops more than 2pc to two-week lowGold prices fell 2 percent on Wednesday, their biggest one-day drop in three weeks, as the dollar's jump against a basket of currencies and broad-based selling of commodities triggered sell stops, sparking a $20 price drop More… |
