Gold little changed as investors await ECB action SINGAPORE - Gold traded nearly flat on Tuesday, retaining gains from the past two sessions as investors waited for action from the European Central Bank in hopes that it would do more to tackle the region’s debt crisis.
S. Korea approves bill to set up unification fund SEOUL — South Korea’s cabinet on Tuesday endorsed a bill which sets up a special fund to cover the huge cost of potential reunification with North Korea.
Kuwait’s income, surplus at record Opec member Kuwait has posted record budget surplus and revenues in the 2011-12 fiscal year that ended on March 31 on the back of high oil output and price, an economic report said on Sunday.
Monti dreads crisis may rip Europe Italian Prime Minister Mario Monti has voiced fears that tensions sparked by the eurozone crisis have already turned countries against each other and must not be allowed to rip Europe apart.
Dubai Investments’ posts Dh171 million profit in H1 Dubai Investments, the largest investment company listed on the Dubai Financial Market, on Sunday declared a net profit of Dh171 million for the first six months of the year.
Turkish real estate luring Gulf investors Major Gulf investors are turning their attention to Turkey where one of the region’s fastest growing real estate markets is being built by a prosperous national economy, according to industry experts.
Muscat City Centre kiosk opened Etihad Airways has opened a new sales kiosk in the Muscat City Centre for the holy month of Ramadan, aimed at keeping pace with the ever-growing demand for air travel from the sultanate during this period.
RBI remains on course, but misses the point As expected, Reserve Bank of India (RBI) in its quarterly review of monetary policy has not reduced its benchmark lending rate (repo) or the cash reserve ratio-the portion of bank deposits to be compulsorily kept with the RBI without earning any interest.
India finance minister aims to cut deficit, clarify taxes India’s new Finance Minister on Monday sought to soothe worried investors by saying he would bring clarity to tax laws and unveil a plan to rein in the country’s fiscal deficit.
World stocks rise as US jobs picture improves World stock markets rose, boosted by stronger-than-expected US hiring for July following three months of weak job gains. Investors scooped up shares on news that the pace of hiring in the world’s biggest economy was improving and were also heartened by a softening of Italy’s and Spain’s sovereign bond yields — a sign of less worry about those economies.