Oil falls 2pc as China stimulus fails to boost sentiment

Oil prices fell about 2 per cent on Monday, after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer and as the US dollar edged higher, reports Reuters.Brent crude futures fell $1.48, or 2 per cent to $73.29 a barrel by 1302 GMT...

Read more

Nippon Steel seeks to close US Steel deal before Trump returns to White House

TOKYO, Nov 11 (Reuters): Japan's Nippon Steel hopes to close its $15 billion deal to buy US Steel by year-end before Republican Donald Trump retakes the White House in January, a senior executive said, as the acquisition is core to its future growth.Nippon Steel, Japan's top steelmaker and the fourth...

Read more

Ghana raises cocoa farmgate price again

Ghana, the world's number two cocoa producer, has raised the fixed farmgate price paid to cocoa farmers for the second time this 2024/25 season to help boost farmers' incomes, President Nana Akufo-Addo said, reports Reuters.Akufo-Addo, whose two-term mandate ends on Jan. 7, 2025, said at a farmers' award ceremony late...

Read more

Gold edges down on higher dollar

Gold fell for a second session on Monday, hurt by a firmer dollar and increased risk appetite as markets expect the Federal Reserve to adopt a cautious approach to monetary policy easing under US President-elect Donald Trump's administration, reports Reuters.Spot gold was down 0.8 per cent at $2,661.92 per ounce...

Read more