US grains recover but on track for weekly fall
KUALA LUMPUR, Sept 2 (Reuters): Chicago corn, wheat and soybean futures were set for a weekly fall, even as prices edged higher on Friday after falling sharply in the previous session amid mounting concerns about a global economic slowdown.The most-active wheat contract on the Chicago Board of Trade (CBOT) rose...
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Copper touches one-month low on China lockdowns, recession fears
LONDON, Sept 2 (Reuters): Copper prices ticked down to their lowest in more than a month on Friday as top metals consumer China extended COVID restrictions and concerns grew about a potential recession.Benchmark copper CMCU3 on the London Metal Exchange was down 0.8% at $7,533 a tonne by 1030 GMT,...
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Pakistan floods hit Afghanistan food supply, says UN
GENEVA, Sept 2 (AFP): The devastating floods in Pakistan will place huge strains on efforts to get food into neighbouring Afghanistan to relieve its catastrophic humanitarian crisis, the United Nations warned on Friday.The UN's World Food Programme said much of the food aid transited through Pakistan by road-a network that...
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Gold gains on dollar retreat after US jobs data
Gold bounced 1.0 per cent on Friday as the dollar retreated after U.S. jobs data was mostly in line with expectations, but were still bound for a third consecutive weekly fall pressured by an elevated interest rate environment, reports Reuters. Spot gold rose 0.9 per cent to $1,711.00 per ounce...
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