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Bahrain vows to keep currency pegged to US dollarThe Central Bank of Bahrain (CBB) said in a statement that it is committed to keeping its currency pegged to the US dollar set at 0.37608 and has no plans to alter the Bahraini dinar's value. The CBB has confirmed maintaining More… |
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Oil rallies near 2016 high on producer meetingOil rose towards $41 a barrel on Thursday, trading close to a 2016 high, bolstered by a plan among some of the world's biggest producers to meet next month to discuss supporting the market. Opec and non-Opec producers includin More… |
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Oil slips on concern of rising output from IranAsian shares retreated from a seven-week high on Tuesday as the oil price rally that boosted global equity markets reversed, while the euro and sterling were hit by uncertainty over Britain's membership in the European Union. More… |
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Dollar/Saudi riyal forwards jumpThe Saudi riyal fell sharply against the US dollar in the forward foreign exchange market early on Monday after relations between Saudi Arabia and Iran deteriorated, raising concern that dollar funding for the kingdom could become more expensive More… |
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Turkish lira sinks further over inflation concernsTurkey's lira plumbed a new record low against the US dollar on Wednesday after the central bank failed to assuage investor concerns about its ability to defy political pressure and lift rates. The lira has lost around 19 per More… |
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Oil down 2pc as dollar ralliesOil fell about 2 per cent on Friday as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices. Heating oil, a proxy play for diesel, also fell almost lost 2 per cent while More… |
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DP World to start USD bond meetings ThursdayDP World, one of the world's biggest port operators, will hold meetings with investors in the United States, Britain and the UAE from Thursday before a possible benchmark US dollar bond issue, a document from lead managers showed on Tuesday. More… |
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Oil in biggest weekly drop since January on dollarCrude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a US rate hike diverted attention from the shrinking number of rigs drilling for oil in the United States. More… |
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Microsoft profits fall on sluggish WindowsMicrosoft Corp on Monday reported a fall in its quarterly profit, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong US dollar. Shares of the wo More… |
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Dollar index hits eight-year high, 12pc gain seenThe dollar was on track to end 2014 with a gain of 12 per cent against a basket of major currencies, and anticipated US interest rate hikes may strengthen its appeal in the new year. This year's gain will be the dollar's l More… |
