Posts in tag

Commodities News (3rd Party)


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 …

LONDON (Reuters) – Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Oil prices ended an extended winning streak …

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, …

LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …

NEW YORK/LONDON (Reuters) – Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish. The price of Brent crude climbed 10% on hopes a supply …

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 (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. …

(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 …

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 …