MainNews
Indian rupee tests new low
Rupee touches a fresh all-time low of 70.39 against the US dollar during the day surpassing the previous low of 70.08 hit on Tuesday
Latest Markets News
Stocks steady on plans for US-China trade talks
Turkey’s lira dropped as much as 8.5 per cent to 6.3 per dollar, having recovered ground rapidly in recent days
Gold set for biggest weekly fall
Silver, platinum, palladium also set for weekly losses
Indian rupee tests new low
Rupee touches a fresh all-time low of 70.39 against the US dollar during the day surpassing the previous low of 70.08 hit on Tuesday
Turkish lira strengthened more than 3%
The currency gained some support from the announcement late on Wednesday
Oil shrugs at revival of trade talks
A breakdown in negotiations stoked concern that global growth could slow
ADFG, IC transfer GFH shares to Al Hilal Bank
This transfer was done for a financing facility
Fujairah oil product stocks slip another 2.5%
Total oil stocks were 17.665m barrels, down 449,000 barrels from a week earlier
Emirates NBD weigh on Dubai index again
The Dubai Financial Market General index closed 0.52 per cent lower to 2,803.32
Gold given respite by planned trade talks
Risk to growth from currency pressures remains
Yuan bears squeezed as cost to short surges
Cost of bearish wagers on the Chinese currency soared the most since January
Yuan surges most since January
Yuan surged as much as 0.79% before paring its gain to 0.47%
Sterling stuck near 14-month low
A strong dollar and mounting Brexit fears have hurt the pound
Investors face challenges to age business cycle
Unconventional thinkers remind us that world doesn’t always work conventionally
Bayut.com’s parent EMPG raises $50 million
CEO Haider Ali Khan said $25m of these funds would be deployed in the Emirates
Forex held by Turkish locals rises to $159.9b
Erdogan has called on Turks to convert their hard currency and gold into lira
Currency News
Indian rupee hits new all-time low
Rupee opened at a record low of 70.25 a dollar, down from its previous close of 69.89
Musk, Zuckerberg: Is there method to the madness
Should these visionaries be the ones actually executing their visions?
Rupee hits record 19 against UAE dirham
Asian currency forecast to dive further to 72 per US dollar
Commodity News
Brent slides as supply glut comes to the fore
Bearish sentiment feeds off rise in both US inventories, increasing Libyan production and possibility of a nuclear deal with Iran
Brent oil hits one-month low below $56
Russia will discuss US shale with Opec — energy minister
Oil rebounds towards $62
High US, Middle East production maintains supply glut
