World food price index eases in Dec, pushed lower by sugar
ROME, Jan 3 (Reuters): The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday.The index, compiled by the UN Food and Agriculture Organization (FAO) to track the...
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Oil set for weekly gains on colder weather, Chinese policy support
LONDON, Jan 3 (Reuters): Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous session at their highest in more than two months, underpinned by colder European and US weather and additional economic stimulus flagged by China.Brent crude futures were down 9 cents at $75.84...
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Gold hits three-week peak on softer dollar and safe haven inflows
Gold prices touched their highest level in three weeks on Friday supported by a softer dollar and safe-haven buying, while markets braced for potential economic and interest rate changes from US President-elect Donald Trump's proposed policies, reports Reuters.Spot gold was little changed at $2,658.11 per ounce, as of 1115 GMT,...
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Why Apple is offering rare iPhone discounts in China
Shoppers in China are getting rare discounts on iPhones as Apple faces growing competition from local brands, reports BBC.The four-day promotion, which starts this Saturday (4 January), includes discounts of as much as 500 yuan ($68.50, £55.30) on some of the US technology giant's newest handsets.Chinese phone maker Huawei has...
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India gold demand lags, China premiums rise ahead of Lunar New Year
Gold discounts in India remained steady this week as elevated prices kept buyers away, while Chinese dealers charged higher premiums in anticipation of stronger demand ahead of the upcoming Chinese New Year, reports Reuters. Indian dealers offered a discount of up to $14 an ounce over official domestic prices, inclusive...
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