World food prices rebound in February: FAO
PARIS, March 6 (Reuters): World food prices rose in February after falling for five straight months, as higher cereal, meat and most vegetable oil prices outweighed declines in cheese and sugar, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly changes in...
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Oil set for steepest weekly gain since 2020
LONDON, March 6 (Reuters): Crude oil was set on Friday for its strongest weekly gain since the extreme volatility of the COVID 19 pandemic in spring 2020, as conflict in the Middle East kept shipping and energy exports through the vital Strait of Hormuz halted.Brent crude futures have surged 23%...
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Aluminium resumes ascent, eyes best week in 18 months
Aluminium prices rose again on Friday after snapping a three-day winning streak in the previous session, and were heading for their biggest weekly jump in more than 18 months as supply concerns due to the U.S-Israel war on Iran intensified, reports Reuters.Benchmark three-month aluminium on the London Metal Exchange was...
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Gulf carriers resume limited flights, but missile fire fuels uncertainty
HONG KONG, March 6 (Reuters): Emirates and Etihad Airways were resuming limited flight schedules to key global cities from their United Arab Emirates hubs on Friday, though the threat of missile fire piled pressure on airlines as they scramble to accommodate travellers.With most airspace in the Middle East still closed...
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Gold edges up, but set for weekly drop
Gold edged up on Friday on safe-haven demand amid escalating tensions in the Middle East, but was headed for a weekly loss, as mounting inflation worries dimmed prospects for interest rate cuts, reports Reuters.Spot gold was up 0.3 per cent at $5,093.76 per ounce, as of 0942 GMT. The metal...
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