Archive for December, 2012

Oil Heads for Annual Loss as U.S. Budget Talks Near Deadline

by Forex Rooton December 31, 2012 6:16 am GMT
Oil fluctuated in New York, heading for its first annual loss since 2008, as U.S. lawmakers tried to bridge disagreements over how to avert tax increases and spending cuts that threaten the world’s largest economy. West Texas Intermediate futures were little changed after sliding for two days as U.S. Senate Majority Leader Harry Reid said […]

Gold Poised for 12th Annual Climb as U.S. Budget Deadline Nears

by Forex Rooton December 31, 2012 6:14 am GMT
Gold advanced, poised for a 12th annual gain, as U.S. lawmakers struggled to reach a budget deal before automatic tax increases and spending cuts start to take effect from tomorrow, boosting demand for a haven. Gold for immediate delivery advanced as much as 0.4 percent to $1,661.65 an ounce and was at $1,660.15 at 12:05 […]

Investors agonize as U.S. teeters at edge of fiscal cliff

by Forex Rooton December 31, 2012 6:11 am GMT
Financial markets across Asia and Western Europe were either closed or closing early on Monday, abandoning the field as the U.S. Congress and the White House battled it out for a solution to the impending “fiscal cliff”. Market holidays were in force in Japan, South Korea, Taiwan, Indonesia, Thailand, the Philippines and Vietnam, with half-day […]

High hopes of capital inflows next year

by Forex Rooton December 28, 2012 8:05 am GMT
With a nascent recovery in the property market and higher government spending spurring economic growth, investment is expected to increase in Abu Dhabi next year, analysts said. The Abu Dhabi Government forecasts growth will accelerate to 5.7 per cent a year through to 2016. The pickup from an estimated 3.9 per cent this year will […]