Source: Dunya News | 06-05-2014
The International Monetary Fund called Tuesday on Dubai to take "stronger measures" to avert another property bubble, after prices rocketed at a rate reminiscent of the 2009 crisis.
Authorities in the Gulf emirate have already doubled sales duties to four percent, and the central bank of the United Arab Emirates has tightened lending facilities.
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Source: Dunya News | 05-05-2014
The dollar weakened in Asian trade Monday following a mixed US jobs report last week while traders await the congressional testimony of the head of the Federal Reserve later in the week.
The dollar was at 101.94 Japanese yen in Singapore afternoon trade, compared with 102.19 yen in New York late Friday. The euro bought $1.3873 against $1.3869.
Financial ma..... Read more
Source: Geo News | 25-04-2014
Oil prices rose in Asian trade Friday after Russia ordered new military exercises on the border with Ukraine in response to Kiev launching a deadly assault against pro-Kremlin rebels occupying a flashpoint town.
US benchmark, West Texas Intermediate for June delivery, was up two cents at $101.96 a barrel in mid-morning trade and Brent North Sea crude for ..... Read more
Source: Dunya News | 24-04-2014
Euro zone business activity hit a near three-year high in April as a modest economic recovery gained momentum and began creating much-needed jobs, a closely watched survey showed on Wednesday.
Market Economics said its Euro zone Composite Purchasing Managers Index (PMI) for April, a leading indicator of overall economic activity, jumped to 54 points f..... Read more
Source: Dunya News | 23-04-2014
Asian markets were mixed on Wednesday following another Wall Street rally while a provisional report showed a slight improvement in Chinese manufacturing activity this month.
The dollar held on to recent gains against the yen, with traders keeping watch on US President Barack Obama s visit to Asia that starts in Japan later in the day.
Tokyo rose 0.57 perc..... Read more
Source: Dunya News | 22-04-2014
Karachi Stock Exchange showed downward trend on first day of the week as the benchmark 100-share index fell by 191 points to close at 28,878 points.
Follow-through impact of the global sell-off was felt at the local bourse, resulting in the benchmark index declining.
Asian markets were mostly lower in thin Easter holiday trade Monday, with Japan's Nikkei g..... Read more