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Oil rises after OPEC+ hikes

LONDON, Oct 6 (Reuters): Oil prices rose by about 1 per cent on Monday after OPEC+'s planned production increase for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is likely to cap near-term gains.Brent crude futures climbed 71 cents, or...

Gold hits record high-

Gold surged to an all-time high above $3,900 per ounce on Monday, buoyed by growing expectations of a Federal Reserve rate cut this month, as well as economic and political uncertainty in the US, France and Japan, reports Reuters.Spot gold was up 1.4 per cent to $3,941.63 per ounce, as...

Boeing, Airbus dismiss talk of imminent new jet designs

PRAGUE, Oct 6 (Reuters): Executives from Boeing and Airbus dampened speculation of imminent decisions to replace their best-selling narrowbody models, telling a major audience of investors that it would take time to achieve the required jump in performance.The Wall Street Journal reported last Monday that Boeing was in the early...

European Union's US gas use set to soar, increasing price volatility

Europe will need to import up to 160 additional liquefied natural gas cargoes this winter due to lower storage and a decline in pipeline flows from Russia and Algeria, according to analysts and data, deepening its dependency on US gas, reports Reuters. LNG imports will jump to 820 tankers this...

Vietnam's footwear exports to US fell 27pc in Sept amid Trump tariffs

HANOI, Oct 6 (Reuters): Vietnam's footwear exports to the United States plunged 27 per cent in September to $611 million, marking the steepest decline among all sectors following the implementation of tariffs by the US government, according to customs data released Monday.Textile exports also saw a sharp monthly drop of...

US holiday online sales growth to slow on economic uncertainty: Adobe Analytics

US holiday online sales are expected to grow at a slower pace this year, according to projections by data firm Adobe Analytics released on Monday, as macroeconomic uncertainty continues to pressure consumer spending, reports Reuters.Adobe expects US online sales to rise 5.3 per cent to $253.4 billion between November 1...