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Oil gains on Venezuelan supply concerns

LONDON, Dec 12 (Reuters): Oil prices rose on Friday, supported by concerns over Venezuelan supply disruptions, though they remained on track for a weekly decline as a supply glut and potential Russia-Ukraine peace deal remain in focus.Brent crude futures rose 33 cents, or 0.54 per cent, to $61.61 a barrel...

China to require export licences for some steel products

BEIJING, Dec 12 (Reuters): China's Ministry of Commerce said on Friday that it would require export licences for some steel products from January 1, 2026.The announcement came after market talk of such a move by Beijing the day before.Exports from the world's largest steel producer have been surprisingly resilient since...

Gold hits seven-week high on safe-haven demand

Gold prices rose to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high, reports Reuters.Spot gold rose 0.7 per cent to $4,311.73 per ounce by 0945 GMT, its highest level since...

Moha. Shawkat Rashid Chowdhury distributes crests and certificates among the participants

Rural Development and Cooperatives Secretary Moha. Shawkat Rashid Chowdhury distributes crests and certificates among the participants of the international workshop on 'Sustainable Development Goal (SDG) Achievement. Financial Inclusion and Rural Transformation' held at BARD in Cumilla on Thursday.

Coca-Cola bets on incoming chief Braun's global experience amid shift to low-sugar drinks

Coca-Cola's decision to make Henrique Braun its next CEO is a bet on the company veteran's experience in Latin America and China to grow the brand in new markets, appeal to cash-strapped consumers and develop healthier options as tastes change, reports Reuters.The 57-year-old American, who was raised in Brazil, is...

Russia has surplus of peas after failing to boost exports to China, analysts say

MOSCOW, Dec 12 (Reuters): Russian farmers will have a surplus of peas this year after China, the country's main trading partner, bought less than they had hoped, analysts said on Thursday, predicting they may shift to other crops.After China allowed imports of Russian peas in 2022, many farmers had switched...

France toughens cattle lumpy skin disease rules amid farm protests

PARIS, Dec 12 (Reuters): France imposed stricter controls and expanded vaccination zones to contain the spread of contagious lumpy skin disease in cattle amid mounting farmer protests in the southwest against the policy of culling entire herds when outbreaks are detected.Lumpy skin disease is a virus spread by insects that...

Russia's monthly oil, gas revenue poised to hit lowest since August

MOSCOW, Dec 12 (Reuters): Russian state oil and gas revenue in December is likely to almost halve from a year earlier to 410 billion roubles ($5.17 billion) as a result of lower crude prices and a stronger rouble, Reuters calculations showed on Friday.Oil and gas revenue is the leading source...