Posts Tagged ‘banks’

Gold bears braced for U.S. to china growth recovery

by Forex Rooton February 15, 2013 8:43 am BST
Gold traders are the most bearish in more than a year on mounting speculation that improving economic growth from the U.S. to China will curb demand for this year’s worst-performing precious metal. Twenty analysts surveyed by Bloomberg this week expect prices to fall next week, while 11 were bullish and three were neutral, making the […]

Sukuk Seen Topping $46 Billion Record on Debuts

by Forex Rooton December 27, 2012 6:54 am BST
Global sukuk sales will challenge this year’s record of $46 billion in 2013 as countries such as Oman, Tunisia and Egypt tap the market for the first time, CIMB Group Holdings Bhd. and OCBC Al-Amin Bank Bhd. say. Borrowing costs on Shariah-compliant debt have fallen 11.4 percentage points to 2.82 percent since the end of […]

Banks lead gains on UAE stock markets

by Forex Rooton December 25, 2012 8:09 am BST
UAE indices crept higher yesterday, with trading dominated by retail investors in the absence of institutional investment ahead of Christmas and New Year. The bourses will be closed for trading on January 1 to celebrate the new year and will resume the day after, the Abu Dhabi Securities Exchange and Dubai Financial Market said. In […]

China’s yuan hits record high as Oct holiday approaches

by on September 28, 2012 8:19 am BST
Fri Sep 28, 2012 4:19am EDT * Rises on strong corporate demand for yuan * Banks avoid carrying long positions over holidayBy Gabriel WildauSHANGHAI, Sept 28 (Reuters) - China's yuan rose on Friday to its strongest level on record, as traders reported strong corporate demand for yuan and banks moved to avoid carrying short