Oil prices rebound from multi-month lows on Mideast tensions
LONDON, Aug 7 (Reuters): Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand persisted.Brent crude futures were up $1.42, or 1.9 per cent, to $77.90 a barrel at 1310...
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Reliance ready for next level of renewables-focused growth
NEW DELHI/BENGALURU, Aug 7 (Reuters): Indian conglomerate Reliance Industries is ready for its next stage of growth and aims to become the largest developer of renewable energy projects in the country, the company said in its annual report issued on Wednesday."Reliance has consolidated its balance sheet after the previous round...
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Gold firms on US rate-cut optimism, geopolitical risks
Gold prices drifted higher on Wednesday driven by safe-haven demand and rising bets that the U.S. Federal Reserve might reduce interest rates as early as September, reports Reuters.Spot gold rose 0.6 per cent to $2,402.43 per ounce, as of 1242 GMT, having settled lower in the previous four sessions. U.S....
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Wheat gains for sixth session on strong demand
SINGAPORE/PARIS, Aug 7 (Reuters): Chicago wheat gained more ground on Wednesday, with the market underpinned by strong demand and downgrades of the French crop, although ample world supplies limited the upside in prices.Corn and soybeans slid with expectations of near-record US output.The most-active wheat contract on the Chicago Board of...
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