China oil demand may shrink first time since 2002
SINGAPORE, Sept 9 (Reuters): Oil demand in China, the world's biggest energy consumer, could contract for the first time in two decades this year as Beijing's zero-COVID policy keeps people at home during upcoming holidays and reduces fuel consumption.Hundreds of millions of Chinese who typically hit the roads and domestic...
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Germany's bakeries burnt by rising energy prices
MUELHEIM AN DER RUHR (Germany), Sept 9 (Reuters): German bakery owner Peter Hemmerle is expecting his company's annual electricity bill to quadruple to 1.2 million euros as energy prices have risen since the outbreak of the war in Ukraine.His Heinz Hemmerle bakery in Muelheim an der Ruhr depends on electricity...
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Argentine soybean sales spike after new exchange rate
BUENOS AIRES, Sept 9 (Reuters): Argentine farmers sold a total of 2.13 million tonnes of soybeans on Monday and Tuesday, surpassing in just two days the 667,000 tonnes sold last week after the government established a preferential exchange rate for soybean exports, the Rosario Stock Exchange said Wednesday.The sharp increase...
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Gold price hits more than one-week high
Gold prices climbed more than 1 per cent on Friday to an over one-week high, as a weaker dollar boosted demand for the yellow metal, even as U.S. Federal Reserve policymakers vowed to raise interest rates to tame inflation pressures, reports Reuters.Spot gold was up 0.7 per cent at $1,719.89...
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