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Business

Beware of scary Brexit headlines pushing you to buy gold – experts – Precious metal hits $1,366/ounce, up 28% since start of year

NEW YORK, July 11, (AP): If you thought the Brexit vote was scary, check out the full page newspaper ad that recently appeared in The …

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Kuwait stocks drop as banks close mostly flat – Kuwait National Cinema Co sinks 100 fils; VIVA up 20 fils

KUWAIT CITY, July 11: Kuwait stocks dipped further on Monday as investor sentiment was roiled by pull-back in oil prices. The bourse sank 15.39 points …

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Prices hold $45-50 range despite Brexit

As June closed, oil prices posted their sixth consecutive monthly increase. As of June 30, ICE Brent, the international benchmark, was trading at slightly below …

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Planemakers shrug off global economy worries – Boeing, Airbus raise 20-year demand forecast

FARNBOROUGH, England, July 11, (RTRS): Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday, betting that rising wealth in Asia would …

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Shell and BP get lion’s ‘share’ in KOC oil fields development – Kuwait targets 4 mln bpd by 2020

Finally, the Kuwait Oil Company (KOC) has signed enhanced technical service agreements (ETSA) with two major international oil companies in private without any form of …

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US economy posts largest job gain in eight months in June – Average hourly earnings rise two cents

WASHINGTON, July 9, (RTRS): US job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a …

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VW to pay $86m in penalties to California – Spain charges Volkswagen with fraud over emissions

LOS ANGELES, July 9, (Agencies): Volkswagen AG will pay an additional $86 million in penalties to California over its emissions scandal, on top of a …

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Oil loses sight of $50 level – Analysts downbeat on outlook for price

LONDON, July 9, (AFP): Global oil prices dropped over the week, losing sight of the key $50 level, as worries about a supply glut and …

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Kuwait climbs 20.57 pts to wind up week on high note – Mezzan Holding Co surges 40 fils; banks dive

KUWAIT CITY, July 4: Kuwait stocks closed higher on Monday to wind up the holiday-shortened week on a high note. The price index climbed 20.57 …

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Saudi lenders’ deposit losses tighten liquidity, says Moody’s – Declines are credit negative for banks, further widen gap with loan growth

DUBAI, July 4: Last Tuesday, the Saudi Arabia Monetary Authority, the country’s central bank, published data showing that Saudi banks had recorded a 0.5 percent …

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