Saturday 23 May 2015
 
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Sterling

Cameron sweeps to unexpected triumph in UK election

Prime Minister David Cameron won an emphatic election victory in Britain, overturning predictions that the vote would be the closest in decades to sweep into office for another five years, with his Labour opponents in tatters. The

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R&P licenses TPO technology from ExxonMobil

R&P Ltd, a toll compounder for ExxonMobil Chemical in the thermoplastic olefin (TPO) market, has licensed from EMC the technology to produce similar Specialty PP Compounds (TPO) to be marketed under its brand name Sterling for the Asia Pacif

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Sterling slides to lowest since June 2010 vs dollar

Sterling slipped to a fresh 2-1/2 year low against the dollar on Tuesday after dismal British manufacturing data revived fears of another recession and increased bets of more easing by the Bank of England. UK industrial output une

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Struggling sterling hits 2-1/2 year low

  Sterling hit a 2-1/2 year low against the dollar on Monday as hedge funds and long-term investors sold, seeing the pound as susceptible to more weakness given contrasting outlooks for the British and US economies.

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Sterling hits 2-1/2 year low vs dollar on rating cut

Sterling hit a two-and-a-half year low against the dollar and a 16-month trough against the euro on Monday after ratings agency Moody's stripped the UK of one of its prized triple-A ratings, rounding off a week of woe for the currency.

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Saudi-UK fund distributes higher dividend

Sterling United Kingdom Real Estate Fund (Surf), a joint venture between Saudi-based Sidra Capital and UK-based Shariah compliant bank Gatehouse, has distributed higher than expected net dividend of 7 per cent (annualised) to its investors.

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Gold rises for 8th day, hits record

Gold rose for an eighth day on Wednesday, set for its longest stretch of gains in nearly five years, and struck a record high close to $1,580 after European leaders mulled the option of a Greek default and Ireland's credit rating was

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Cristal-PHG alliance targets expansion

Cristal Hotel and Resorts, a luxury hospitality company, has partnered with Preferred Hotel Group (PHG), a global sales and marketing business, aiming to expand its global market presence and boost sales by 10 per cent in 2010. The agreeme

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Sterling has further to fall say analysts

Sterling, which tumbled to multi-month lows against major currencies on Monday on a flagging economy and political uncertainty, has further room to decline, particularly against the euro, technical analysts say. Analysts said euro/sterling

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Dollar rises on short covering, sterling suffers

The dollar rose broadly on Monday, extending its pullback from a one-year low against the euro as traders continued to trim short positions in the US currency following broad losses so far this month. Against the yen, the dollar rose nearl

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