Oil prices pare gains after Iran announces end to attacks on Israel
LONDON, June 8 (Reuters): Oil prices pared gains on Monday, after rising more than 5 per cent earlier in the session, after Iran's military said that its first wave of attacks on Israel since a ceasefire in April was over.However, Iran warned of harsher attacks if Israel continues strikes on...
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Gold hits more than 2-month low
Gold prices hit a more than two-month low on Monday after last week's strong US jobs data boosted expectations of a Federal Reserve rate hike, and as Israel and Iran traded strikes, pushing oil prices higher and fuelling inflation concerns, reports Reuters.Spot gold was down 0.4 per cent at $4,313.99...
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Airline CEOs warn EU plan to expand carbon costs will raise fares
BRUSSELS/BERLIN, June 8 (Reuters): Europe's biggest airlines have urged the European Union not to extend its Emissions Trading System to cover international flights, warning the move would raise ticket prices, a letter seen by Reuters showed.The European Commission is considering expanding the scheme to emissions from flights departing the EU...
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RFL BEST BUY OPENS NEW SHOWROOM at BANANI
RFL Best Buy, one of the country's leading retail brands, has opened its 560th showroom at Banani in Dhaka. The modern showroom has been introduced to offer customers a convenient one-stop shopping experience under a single roof for all household and lifestyle needs. RN Paul, Managing Director of RFL Group,...
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Saudi Arabia sharply cuts July oil price for Asia on slow demand
Saudi Arabia has cut its official selling prices (OSPs) for crude oil to Asia in July for a second month, as expected, as spot premiums eased on slow demand despite supply disruptions tied to the US-Israeli war with Iran, reports Reuters.The July OSP for flagship Arab Light crude has been...
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Eni and Petronas launch gas joint venture in Southeast Asia
MILAN, June 8 (Reuters): Italy's Eni and Malaysia's Petronas have established a 50-50 joint venture combining energy businesses across Indonesia and Malaysia after signing an investment agreement in November, they said on Monday. The move is part of Eni's so called satellite strategy to spin off specific assets and develop...
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