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Euro interest rate likely to rise
The European Central Bank is expected to raise interest rates to control inflation, which is near a 15-year high.
BBC

The dollar peg conundrum: To drop or not to drop?
Many emerging economies are running record high inflation, but their central banks cannot deliver interest rate increases because of the dollar peg.
International Herald Tribune

Job growth in the Southwest is cooling, Dallas Fed says
Although economic growth in the Southwest region outpaced the nation in April and May, the regional economy continued to slow, reports the Federal Reserve Bank of Dallas.
BizJournals

EUR/USD: How To Trade The ECB Rate Decision On Thursday
On Thursday at 7:45 EDT, the European Central Bank is widely expected to raise interest rates by 25 basis points to a nearly 7-year high of 4.25 percent....
dailyfx.com

Sharjah Islamic Bank and CNS launch first disabled-enabled ATM in the Middle East
CNS, the United Arab Emirates' (UAE) foremost technology integrator and managed services firm, and Sharjah Islamic Bank (SIB), announced the launching of the bank's first disabilities-enabled Automated Teller Machines (ATM) in the Middle East.
AME Info

Private equity circles Huawei`s mobile unit
Bain Capital and Kohlberg Kravis Roberts join Silver Lake and a private equity unit of Goldman Sachs in the second round of bidding for a stake in the Chinese group's mobile devices division
FT.com

U.S. jobs picture grim, housing struggles (Reuters)
U.S. private employers slashed 79,000 jobs in June while planned layoffs at U.S. firms rose nearly 50 percent above year-ago levels, according to data that may spell bad news for a government payrolls report this week.
yahoo.com

UAE markets end mixed
The Dubai Financial Market on Wednesday lost 9.06 points, or 0.16%, to close on 5,531. Ajman Bank was the day's big gainer, up 14.86. Meanwhile, the Abu Dhabi Securities Exchange gained 53.14 points, or 1.05%, to finish on 5,096.
AME Info

Colonial and Trinity find buyers
COLONIAL First State's $1 billion Private Property Syndicate and fund manger Trinity have sold $147 million worth of retail and office properties to private investors in three separate sales.
The Australian

Dollar mixed ahead of ECB, jobs report
The dollar was mixed against major currencies Wednesday as investors await the European Central Bank's decision on interest rates and the latest unemployment numbers from the U.S. Department of Labor.
CNN Money

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