Oil mkt on alert as Iran sanctions hit

LONDON, Nov 04 (AFP): US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts."In the next weeks all eyes will be on Iranian exports, whether there will be some cheating around US sanctions,...

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Trade war, spy claims cloud horizon for China airshow

SHANGHAI/BEIJING, Nov 04 (Reuters): Trade frictions with the United States (US) and accusations of industrial espionage are set to cast a cloud over China's largest aerospace meeting this week, as suppliers consider what the country's slowing economy could mean for booming jet demand.The biennial Airshow China, to be held in...

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Nippon Steel first-half profit falls 4.0pc on rising costs, slower output

TOKYO, Nov 04 (Reuters): Japan's top steelmaker Nippon Steel & Sumitomo Metal reported a 4.0 per cent fall in recurring profit for April-September due to rising costs and slower-than-expected output, but it stuck to its full-year forecast."Domestic steel demand is expected to remain healthy, but we see growing uncertainty over...

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Raw sugar, arabica coffee close higher on fund buying

NEW YORK/LONDON, Nov 04 (Reuters): Raw sugar and arabica coffee futures on ICE settled higher recently as a more upbeat mood in commodity markets inspired fresh fund buying, and a weaker dollar supported for much of the session. New York cocoa prices gained.March raw sugar settled up 0.25 cent, or...

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Germany’s Q3 GDP to decline by 0.3pc

BERLIN, Nov 04 (Xinhua): The German think tank of the Kiel Institute for the World Economy (IfW) predicted recently that German economic output in the third quarter (Q3) of 2018 would decline by approximately 0.3 per cent.The IfW's calculations are based on a preliminary estimate recently published by the European...

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