Crude futures rise on spot demand
NEW YORK, Jan 19: Crude oil futures on Tuesday rose on spot demands, reports Reuters.US West Texas Intermediate (WTI) crude oil gained 0.40 per cent to $52.57 per barrel, while Brent crude traded 1.06 per cent higher at $55.33 per barrel in New York.In India, crude oil prices increased by...
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EASA may recertify Boeing 737 MAX next week
The European Aviation Safety Agency (EASA) has said that it expects to lift the Boeing 737 MAX ban next week, report agencies.The head of European Union's regulator commented in a briefing on Tuesday that the Airworthiness Directive (AD) is due to be published next week, giving the aircraft clearance to...
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Gold mkts eye Yellen's take on US dollar
NEW YORK, Jan 19: After a selloff towards $1,800 an ounce, gold is up on some bargain-hunting with prices back above $1,830 despite a higher US dollar on Tuesday, report agencies.The markets were closed Monday in recognition of Martin Luther King Jr. Day.With the US dollar in control of gold's...
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China imports 2.7 million MT aluminium in 2020
China imported 265,569 metric tonnes (MT) of unwrought aluminium and aluminium products in December last year, the highest since September 2020, General Administration of Customs data showed, report agencies.The import volume in December, 2020, was up by 40.43 per cent month-on-month from 188,973 metric tonnes and by 147.3 per cent...
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US, S Korea fulfill rice quota deal
SEOUL, Jan 19: Following a year full of obstacles to overcome, the USA and the Republic of Korea (ROK) finally fulfilled contracting requirements for the US country-specific quota (CSQ) agreement, report agencies.The CSQ agreement called for 132,304 metric tonnes (MT) milled basis, of annual US rice purchases as part of...
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