Oil extends gain on weak dollar
Oil prices extended gains on Wednesday, rising over 1 per cent, supported by a weaker dollar, but gains were capped by mounting fears of a US economic slowdown and the impact of tariffs on global economic growth, reports Reuters.Brent futures rose 75 cents, or 1.08%, to $70.31 a barrel at...
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India plans to set up trading exchange for domestic coal
SINGAPORE, March 12 (Reuters): India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice seeking comments on the proposal.The world's fastest growing major economy opened up coal mining to...
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Cathay Pacific sees profits edge up in 2024
HONG KONG, March 12 (AFP): Hong Kong carrier Cathay Pacific said on Wednesday that its attributable profit rose slightly in 2024 to US$1.27 billion, after announcing earlier this year that its flights were finally back to pre-pandemic levels.The city's aviation sector was hit hard by Covid-era policies, which imposed strict...
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Gold prices steady ------
Gold prices were little changed on Wednesday, with the market's attention on a key US inflation report, while US President Donald Trump's tariff policies provided support to the safe haven asset, reports Reuters. Spot gold was steady at $2,915.66 an ounce as of 1148 GMT, after rising 1% in the...
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