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Saudi Arabian King keen on global market stability

MOSCOW, Oct 6 (Reuters): Saudi King Salman said the kingdom remained keen on the stability of the global oil market in order to balance the interests of consumers and producers, the Saudi news agency reported on Friday."Our contribution with our Russian friends was pivotal in reaching an outlook towards rebalancing...

Boeing to buy autonomous and electric flight firm Aurora

NEW YORK, Oct 6 (Reuters): Boeing Co said on Thursday it would buy Aurora Flight Sciences Corp to advance its ability to develop autonomous, electric-powered and long-flight-duration aircraft for its commercial and military businesses.The acquisition could help Boeing with a number of projects, including drones produced by its Insitu unit,...

Gold hits two-month low

NEW YORK, Oct 6 (Reuters): Gold hit its lowest in nearly two months in range-bound trade on Friday, as the dollar climbed to a more than seven-week high ahead of key US jobs data later in the day.Spot gold was unchanged at $1,267.71 an ounce at 0705 GMT, after hitting...

EU sets dumping duties on steel from Brazil, Russia

BRUSSELS, Oct 6 (Reuters): The European Union (EU) has decided to set duties on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices.The European Union (EU) will levy anti-dumping tariffs...

Plans to restart giant Bougainville mine stall

SYDNEY, Oct 6 (Reuters): Plans to reopen one of the world's biggest copper mines, shut by a civil war on the Pacific Island of Bougainville in 1989, have run into trouble.The quarter of a million people of Bougainville are tentatively scheduled to vote on independence from Papua New Guinea in...

American Gulf producers cut output

HOUSTON, Oct 6 (Reuters): Oil and natural gas operators began evacuating staff and halting production at US Gulf of Mexico platforms on Thursday ahead of Tropical Storm Nate, the second storm in as many months to rattle the Gulf Coast energy corridor.Nate, which has killed at least 10 people in...