Commodities News (3rd Party)
European stocks hit by rising coronavirus cases
LONDON (Reuters) – A recovery in world stocks faltered on Monday as the threat of rising coronavirus infections in parts of Europe and the United States curbed risk appetite, boosting demand for safe-haven gold. FILE PHOTO: Signage is seen outside the entrance of the London Stock Exchange in London, Britain. Aug 23, 2018. REUTERS/Peter Nicholls …
Shares turn cautious as U.S. crude gets crushed
LONDON/SYDNEY (Reuters) – Caution recaptured world markets on Monday as another drubbing for U.S. crude oil futures kicked off a week of data and earnings that will drive home the damage being inflicted by global coronavirus lockdowns. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, …
Oil prices rise 4% after biggest one-day fall since 1991
SINGAPORE (Reuters) – Oil prices rose by more than $1 on Tuesday after a price war by top producers Saudi Arabia and Russia sparked the biggest daily rout since the 1991 Gulf War, but investors saw little chance of a quick price recovery as the coronavirus cuts demand. FILE PHOTO: Drilling rigs operate at sunset …
Abu Dhabi launches advanced defense technology company
ABU DHABI (Reuters) – Abu Dhabi’s government said on Tuesday it was launching a new company, EDGE, that will invest in defense technology. “The new company will invest and bring advanced defense technologies to the market,” EDGE chief executive and managing director, Faisal al-Bannai, said at the ceremony. The company will employ about 12,000 people. …
Factbox: Strait of Hormuz: the world’s most important oil artery
(Reuters) – Iran’s ambassador to Britain warned against escalating tensions on Sunday, a day ahead of an expected response from the UK which could include fresh sanctions on Tehran or other steps after its seizure of a British-flagged oil tanker. Britain has called the capture of the Stena Impero in the Strait of Hormuz on …
USDA investigates unapproved GMO wheat found in Washington state
CHICAGO (Reuters) – The U.S. Department of Agriculture has confirmed the discovery of unapproved, genetically modified (GM) wheat plants growing in an un-planted agricultural field in Washington state. There was no evidence the wheat had entered the food supply, the USDA’s Animal and Plant Health Inspection Service said in a statement on Friday. The wheat …