Home The BuzzMorning briefing: 19 Dec 2012

Morning briefing: 19 Dec 2012

by Executive Staff

Economics Gold regained strength on Wednesday as a weaker US dollar spurred buying from jewellers, but prices were still within sight of an almost four-month low given signs of progress in US fiscal talks that dented bullion's safe-haven appeal. More from Reuters   Brent futures edged up near $109 a barrel on Wednesday, tracking a rally in most other risk assets on expectations that a budget crisis in the United States will be resolved, saving the world's top oil consumer from slipping into recession. More from Reuters   The World Bank has pledged $900 million to Iraq over the next four years to help it create jobs, build stronger institutions and improve social inclusion, the global development lender said. More from Arabian Business   More than US$400bn of illicit cash flowed out of the six GCC countries between 2001 and 2010, according to a report by a global financial watchdog.

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