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Gold heads for biggest weekly drop since early 2009 - 0 views

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    SINGAPORE: Gold slipped more than 1 percent on Friday, heading for its biggest weekly drop since March 2009, as stock markets gained and the euro rose after major central banks around the world strived to fight the debt crisis in Europe.
Halal Tamweel

Gold heads for biggest weekly gain since Sept - 0 views

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    SINGAPORE: Gold headed for its biggest weekly gain in a month as equities regained strength after fresh efforts by Europe to resolve its debt crisis eased nagging worries about a global recession, while purchases from jewelers offered additional support.
Riffat Mughal

U.S. wheat drops 0.7 pct; euro zone worries weigh - 0 views

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    SINGAPORE: U.S. wheat slid on Wednesday amid a broad-based weakness in the commodity markets following a near 4 percent rally in the last session, its biggest one-day gain in more than a month.
Riffat Mughal

India's economy at its weakest pace; posts GDP of 6.9pct during July-Sept - 0 views

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    NEW DELHI: India's economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that stubbornly high inflation, rising interest rates and crisis-hit global capital markets are having on Asia's third-biggest economy.
Riffat Mughal

Dubai's November 2014 sukuk surges 84 points - 0 views

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    DUBAI: Yields on Dubai's non-rated 6.396 per cent sukuk maturing in November 2014 surged 84 basis points last month to 6 per cent in Dubai, poised for the second-biggest monthly jump since state-owned holding company Dubai World sought to delay payments on $25 billion of debt in November 2009.
Riffat Mughal

Brent crude oil rises above $104, set for quarterly drop - 0 views

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    SINGAPORE: Brent crude rose above $104 a barrel on Friday on positive economic news, but prices this quarter remain on track for their biggest drop in 15 months on concerns that a slowing global economy will undercut fuel demand.
Riffat Mughal

Gold slumps record $100; stocks edge up - 0 views

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    NEW YORK: Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.
Halal Tamweel

Heavy rains paralysis Karachi - 0 views

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    KARACHI: Floods triggered by monsoon rains crippled Pakistan's biggest city and commercial hub of Karachi on Tuesday, with few people able to make it to work or school, officials said.
Halal Tamweel

Japan's Mizuho applies for Shariah Compliant services license in Malaysia - 0 views

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    KUALA LUMPUR: Banks from Japan to Bahrain plan to set up offices in Malaysia to take advantage of the growth in Islamic finance assets in the world's biggest sukuk market.
Halal Tamweel

S. Africa's Absa acquires Islamic insurance firm - 0 views

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    JOHANNESBURG: South Africa's Absa Group has acquired Takaful, the only firm offering Islamic insurance in Africa's biggest economy, for an undisclosed amount, Business Day newspaper said on Friday, citing an Absa executive.
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