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Gold rout mars investor appeal, catches out expertsEven the most fierce gold bulls must be feeling sheepish after bullion tumbled its most in 30 years, raising questions about gold's value as part of an investor portfolio. Most experts failed to see the collapse coming. A Reut More… |
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Top economies face price spike as LNG supply dropsGlobal prices for liquefied natural gas are rising toward record highs this year as increasing demand runs up against stuttering supply, threatening to drive up fuel costs in some of the world's biggest economies. After a reco More… |
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Will gold prices glitter in 2013?Since testing recent highs near $1,795 in mid-September of 2012, gold prices have traded on the defensive and could continue to face pressure during the first quarter of 2013, a report said. Many view gold prices as a function of the di More… |
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Entering the age of $1m drugThe Western world's first drug to fix faulty genes promises to transform the lives of patients with an ultra-rare disease that clogs their blood with fat. The only snag is the price tag of over $1 million. The gene therapy for More… |
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Saudi non-oil business activity surges in DecThe growth of business activity in Saudi Arabia's non-oil private sector accelerated last month from November's one-year low, a survey showed on Saturday. The SABB HSBC Saudi Arabia Purchasing Managers' Index climbed t More… |
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Brent holds near $111 on US fiscal jittersBrent crude held near $111 per barrel on Thursday as jittery investors stayed on the sidelines with a deadline to avert a US fiscal crisis approaching, while hopes the new Japanese government's policies will spur demand sup More… |
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Saudi Nov business growth at 1-year lowGrowth in business activity in Saudi Arabia dived to a one-year low during a November marked by extended public holidays but it remained well above the 50-point mark separating expansion from contraction, a survey showed on Monday. The More… |
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Protests erupt in Jordan after fuel price hikeProtests erupted in Jordan's capital Amman and provincial towns after the government cut fuel subsidies in a move to secure a $2-billion IMF loan but which sent fuel prices soaring. More than 1,000 people spilled into the streets More… |
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Saudi to lower heavy grade crude pricesTop oil exporter Saudi Arabia will probably lower the official selling prices for heavy and medium grade crudes that it sells to Asia in December, driven by weakening product margins and depressed demand, a Reuters poll showed. Th More… |
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Emaar net drops 4.7pc; but firm upbeat on futureEmaar Properties, Dubai's biggest real estate developer and builder of the world's tallest tower, reported a 4.7 percent drop in third-quarter net profit, missing analyst estimates by a large margin, as a seasonal slowd More… |
