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Search date: 12-02-2022 Return to current date: Click here

Oil prices gain after IEA says mkt tight

LONDON, Feb 11 (Reuters): Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were still heading for weekly losses on inflation worries and US-Iran which could boost global supplies.Brent crude futures rose $1.01, or 1.1per cent, to $92.42 a barrel at 1203...

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Rice export prices decline in Asian hubs

Rice export prices declined in top Asian hubs this week, with rates in Vietnam falling to a more than five-month low as sales dipped, while a weak rupee and easing demand dragged India rates, reports Reuters.Vietnam's 5 per cent broken rice was offered at $395 per tonne on Thursday, compared...

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Saudi coffee legacy percolates through the generations

Jizan (Saudi Arabia), Feb 11 (AFP): For Farah al-Malki, growing coffee plants in Saudi Arabia's southwestern region of Jizan is more than just a profession. It is a family tradition passed down from generation to generation.The 90-year-old patriarch has a long history with coffee, which spread from Ethiopia to Yemen...

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Slow aviation recovery to cast shadow over S'pore Airshow

SINGAPORE, Feb 11 (Reuters): The Asia-Pacific aviation industry's slow recovery from the pandemic amid government restrictions will cast a shadow over the Singapore Airshow next week, though there are nascent signs of improvement as concerns over the Omicron variant recede.The biennial event has bookended the pandemic, with the 2020 edition...

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Gold hovers below two-week peak on faster rate hike bets

LONDON, Feb 11 (Reuters): Gold prices edged higher on Friday but traded below a two-week peak hit in the previous session on bets of more aggressive interest rate hikes from the Federal Reserve following a sharp jump in US consumer prices.Spot gold rose 0.3per cent to $1,831.78 per ounce by...

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