Friday, July 3, 2020

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Oil Is No Longer the Nemesis of Emerging Markets

Oil Is No Longer the Nemesis of Emerging Markets

(Bloomberg) -- Time was when an oil-price rout almost certainly meant a currency meltdown in emerging markets. Now, it’s failing to cause as much as...
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Oil Below Zero, Remittance Risk, Beijing Pays Price: Eco Day

Oil Below Zero, Remittance Risk, Beijing Pays Price: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: Oil went negative for the...
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Saudi Arabia’s central bank fined 16 financial institutions; ETF; saudi share

Saudi Arabia Releases Triple-Tranche Bonds In A Bid To Replenish Coffers

The Kingdom of Saudi Arabia is said to have already received more than US$35 billion in combined orders for a planned triple-tranche bond sale...
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Abu Dhabi Selling Triple-Tranche Bonds; US$25bln Worth Orders Already In: Sources

Abu Dhabi is said to have already received more than US$25 billion in combined orders for a planned issue of dollar-denominated bonds, which it...
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Aramco Slashes Spending as Virus Erases Oil Demand Growth

Aramco Slashes Spending as Virus Erases Oil Demand Growth

(Bloomberg) -- Saudi Aramco is slashing planned spending this year in the first sign that plunging demand and the oil-price war the kingdom unleashed are...
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GCC markets

Coronavirus Fears: Gulf Markets Spiral Downwards on Impact

The Gulf markets took a sharp nosedive at the start of trading on Sunday over increasing concerns of Novel Coronavirus, which has already done enough...
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Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases

Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases

(Bloomberg) -- A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its...
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Debt Is Outside the Law for Gulf’s Laggard Draining Reserves

Debt Is Outside the Law for Gulf’s Laggard Draining Reserves

(Bloomberg) -- From an unpredictable monetary policy to its noisy domestic politics, Kuwait is often the odd one out in the Gulf. It boasts the region’s first female finance...
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Oil Price Touches $61 for First Time in 3 Months as Optimism Abounds

(Bloomberg) --Oil briefly touched $61 a barrel for the first time in three months as strengthening outlooks for manufacturing and trade buoyed demand prospects. Futures...
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2mn barrels of Oman blend crude sold at premium of $0.25 per barrel

Oman’s Ministry of Oil and Gas (MOG) sold a cargo of Oman blend crude via DME Auctions, achieving once again a premium above the...
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