Home The Buzz Business briefing: 7 June 2013

Business briefing: 7 June 2013

by Executive Staff

Economics and Policy

Banks have reignited the debate over whether Arabian Gulf states should peg their currencies at a fixed rate to the United States dollar, after remarks from Qatar's central bank suggesting some should examine alternatives.

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Gold edged lower on Thursday, ahead of key U.S. jobs data and a European Central Bank (ECB) policy meeting later, while a gold import duty hike in India raised worries about future demand.

More from Reuters

 

Turkey's prime minister Recep Tayyip Erdogan yesterday rejected a key demand of the protest movement that has shaken the country for a week and said "terrorist groups" had hijacked peaceful demonstrations.

More from The National

 

Rising global food demand will push up prices 10 to 40 per cent over the coming decade and governments need to boost investment to increase farm production, a forecast by two international agencies has said.

More from AP

 

Companies and Business

Emirates Airline will not seal anymore alliances in the near future following its partnership with Australian carrier Qantas, president Tim Clark has revealed.

More from Arabian Business

 

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