Salt crisis worries traders ahead of Eid

NATORE, May 16 (UNB): With Eid-ul-Azha approaching, traders at Chakbaidyanath Mukam, the country's second-largest rawhide market, have completed their preparations.But, a sudden rise in salt prices and the spread of a bovine virus among cattle have left them deeply concerned.Due to the virus, salted rawhides are now being sold by...

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Oil heads for weekly gain but remains under supply hike pressure

LONDON (Reuters): Oil prices were little changed on Friday, heading for a modest weekly gain as easing U.S.-China trade tensions were somewhat offset by higher supply expectations from Iran and OPEC+.Brent crude futures were up 5 cents, or 0.1%, at $64.58 per barrel at 0953 GMT, while U.S. West Texas...

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Cooling trade tensions set gold on track for worst week since November

Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetite from the U.S.-China trade agreement weighed on the market, reports Reuters.Spot gold fell 1.7% to $3,185.87 an ounce as of 1007 ET (14:07 GMT) and was down 4.2% so...

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Japan's economy suffers first quarterly contraction in a yr

TOKYO, May 16 (AFP): Japan's economy suffered its first quarterly contraction for a year in January-March, preliminary data showed Friday, and analysts warned Donald Trump's tariffs could tip it into recession if a deal is not struck.The 0.2 percent on-quarter shrinkage was more than expected and will deal a blow...

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