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Gold up but set for worst May in 30 years

Gold rose above $1,565 an ounce on Thursday as soft US first-quarter growth and weekly jobless claims data pressured the dollar, but this month’s sharp drop in the euro kept the metal on track for its worst May performance in 30 years.

Markets

Markets

Almarai may raise $347m from sukuk sale

RIYADH - Almarai may raise as much as 1.3 billion riyals ($347 million) from the sale of Islamic bonds as Saudi Arabia’s largest food producer by market value seeks financing to increase production and make acquisitions.

Markets

Spanish debt costs spiral; Bankia dives

Markets

Spanish debt costs spiral; Bankia dives

Spanish debt yields jumped and shares in Bankia plunged to record lows on Monday after the government, struggling to sort out its finances, put forward a plan to revive its fourth-largest lender involving more public debt.

Markets