Mena News

 

  Dubai Holding Commercial Operations Group reports 2012 results
Apr , 02 , 2013  
  Dubai Holding Commercial Operations Groupís net profit surged to AED1.2bn in 2012 from AED204mn in 2011, driven by higher revenues, reduction in cost and a significant fall in impairment charges.
 

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  Gulf Capital receives USD20mn from International Finance Corporation
Apr , 02 , 2013  
  Gulf Capital announced that it has received an anchor investment of USD20mn from International Finance Corporation for its credit and mezzanine fund.
 

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  Gold settles higher on disappointing economic data
Apr , 02 , 2013  
  Gold futures ended higher as investors rushed toward the precious metal on some weak manufacturing sector data from the US. Gold futures for delivery in June gained USD5.20, or 0.3%, to end at USD1,600.90 an ounce on the Comex division of the NYMEX.
 

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  South Koreaís exports rise less than forecasted
Apr , 02 , 2013  
  South Korea's exports grew a less-than-expected 0.4% YoY in March, after dropping 8.6% YoY in February. The market had forecasted 1.8% YoY growth. Meanwhile, imports declined 2.0% YoY.
 

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  House prices surge in China
Apr , 02 , 2013  
  House prices in China increased significantly in March, as buyers rushed in before local governments impose new curbs on the property market. House prices increased 1.1% MoM and 3.9% YoY during the month.
 

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  Japanís monetary base grows to 19.8% YoY
Apr , 02 , 2013  
  Japanís monetary base increased 19.8% YoY to JPY134.7tr in March, after expanding 15.0% YoY in the previous month.
 

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  Greeceís manufacturing sector continues to deteriorate
Apr , 02 , 2013  
  Greeceís manufacturing sector contracted for the 43rd successive month in March, with the seasonally adjusted Purchasing Managersí Index dropping to 42.1 from 43 in February.
 

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  US manufacturing activity increases at a slower pace
Apr , 02 , 2013  
  Manufacturing activity in the US expanded slower than expected in March, with the ISM Purchasing Managers Index falling to 51.3 from 54.2 in February. The market had forecasted a reading of 54.0.
 

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  US construction spending bounces back in February
Apr , 02 , 2013  
  Construction spending in the US rose 1.2% to a seasonally adjusted annual rate of USD885.1bn in February from a revised USD874.8bn in January. The market had expected spending to increase 1.1%.
 

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  Rise in Japanese unemployment
Mar , 31 , 2013  
  Japanís unemployment rate stood at a seasonally adjusted 4.3% in February vis-ŗ-vis 4.2% in January. The market estimated the rate to remain unchanged.
 

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