Saudi Arabia, Russia deepen oil cuts, sending prices higher
DUBAI, July 3 (Reuters): Saudi Arabia and Russia, the world's biggest oil exporters, deepened oil cuts on Monday, sending prices higher despite concerns over a global economic slowdown and possible further interest rate hikes from the US Federal Reserve.Saudi Arabia said it would extend its voluntary oil output cut of...
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Australian coal earnings expected to plummet
SYDNEY, July 3 (AFP): Australia on Monday predicted its coal exports will halve in value over the next two years, as prices fall and consumers look to alternative sources of energy.The Department of Industry forecast shipments of thermal coal-used in electricity production-would be worth US$20 billion, down from US$43 billion...
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Brussels looks to relax curbs on genetically modified crops
BRUSSELS, July 3 (AFP): The European Commission will on Wednesday put forward a proposal to ease current restrictions on genetically modified (crops, which is already being denounced by environmental groups and leftwing lawmakers.The plan could create a new frontline in the EU's Green Deal, elements of which centre-right European lawmakers...
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Gold slips as stronger dollar dents appeal
Gold fell on Monday as a stronger dollar dented the metal's appeal, with investors awaiting US non-farm payrolls data and minutes of the latest Federal Reserve meeting due later this week for clues on US monetary policy, reports Reuters.Spot gold was down 0.3 per cent at $1,913.88 per ounce by...
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