Oil & Currencies

Eurozone economic confidence beats fcasts in Aug
28 August 01:01 PM Eurozone economic confidence beats fcasts in Aug
Dubai – Mubasher: Eurozone economic confidence rose in August to the highest since June 2011, survey results from European Commission showed Thursday. The economic confidence index came in at 104.2 points in August, compared with forecasts the …
Nikkei continues rise, recoups some losses
28 August 10:50 AM Nikkei continues rise, recoups some losses
Dubai – Mubasher: Japanese stocks ended Friday’s trading in green, extending yesterday’s gains, and paring its losses seen recently due to worries about slowdown in China’s economy and impact on global economies. Japan's Nikkei share average rose …
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14 August 07:23 PM European stocks close lower amid eurzone growth slowdown
Dubai-Mubasher: The European stock markets closed Friday in the red, amid lower-than-expected economic growth in the eurozone. FTSE fell by 0.26% or 17 points to 6,551 points, and German’s DAX dropped 0.27% or 30 points to 10,985 points. In …
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14 August 06:32 PM Greece debts remain major concern for Europe, says Dijsselbloem
Mubasher: Greece's huge debts remain a major concern for Europe, said President of the 19-member Eurogroup Jeroen Dijsselbloem on Friday. However, he expressed hope that the Eurozone will agree on a third bailout for Athens. "Debt sustainability …
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14 August 06:23 PM IMF awaiting European decisions on Greece crisis
Dubai-Mubasher: The International Monetary Fund (IMF) said it is awaiting the European decisions on Greece’s debt crisis, to decide whether it participate in the bailout plan.   “In the period ahead, we look forward to working with the authorities …
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14 August 12:06 PM China's yuan rises against the dollar after three devaluations
Yuan's reference exchange rate against the dollar pushed the value of the Chinese currency up 0.05% Friday following three devaluations by the country's central bank. On Friday, the People's Bank of China had set the reference rate at 6.4010 yuan …
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19 July 12:58 PM Greek bank closure costs economy 3 billion euros
Mubasher: The cost of a three-week closure of Greek banks and capital controls in Greece has been estimated at nearly 3 billion euros, excluding the tourism sector. Even if the credit system is set to return gradually to normal, the market will …
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