Oil falls to $53 on surging supply
LONDON, Jan 02 (Reuters): Oil fell to around $53 a barrel on Wednesday, pressured by rising output in major OPEC and non-OPEC producers and concern about an economic slowdown that could weaken demand.Russian production hit a post-Soviet record in 2018, figures on Wednesday showed. Earlier this week, official data showed...
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Qatar Airways acquires 5.0pc of China Southern Airlines
DUBAI/BEIJING, Jan 02 (Reuters): Qatar Airways has acquired a 5.0 per cent stake in China Southern Airlines, the state-owned Gulf carrier said on Wednesday, in a move to gain access to the fast-growing mainland Chinese market.Qatar Airways also owns a 20 per cent stake in British Airways-parent International Consolidated Airlines...
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Price continues to decline
Price decline continued this week as buyers were following quality closely. Consequently, lower Medium and plain teas suffered heavily and majority of these were withdrawn without bids in the weekly tea auction market held in the port city on Tuesday. Blenders lent fairly good support but Loose tea buyers were...
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Gold reaches its highest in six months
BENGALURU, Jan 02 (Reuters): Gold touched its highest in more than six months on Wednesday as sagging equities compounded concerns over weakening global markets, prompting safe-haven flows into the precious metal.Spot gold was up 0.4 per cent at $1,287.31 an ounce by 1113 GMT, having earlier touched its highest since...
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Copper prices hit 3.5-month low
LONDON, Jan 02 (Reuters): Copper prices hit 3.5-month lows on Wednesday as worries about economic and demand growth in top consumer China were reinforced by manufacturing data showing shrinkage.Benchmark copper on the London Metal Exchange was down 1.4 per cent at $5,880 a tonne at 1048 GMT from an earlier...
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