Oil prices rise as market weighs US-China trade developments
LONDON, May 13 (Reuters): Oil prices rose on Tuesday but gains were capped by rising supplies and caution over whether the pause in the US-China trade war will lead to a longer-term deal.Brent crude futures rose 65 cents, or about 1 per cent, to $65.61 a barrel by 1209 GMT....
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Gold bounces back on bargain-hunting, softer US inflation data
Gold prices rose on Tuesday on bargain-hunting after a sharp loss in the previous day, while softer-than-expected inflation data from the US also lent support, reports Reuters.Spot gold rose 0.2 per cent to $3,241.16 an ounce as of 0938 ET (13:38 GMT), after falling as low as $3,207.30 on Monday....
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Suez Canal offers 15pc discount for big ships
CAIRO, May 13 (Reuters): Egypt's Suez Canal will offer a 15 per cent discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and help ships offset rising insurance costs, its authorities said on...
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Beijing has issued first rare earth magnet export permits
China has issued export permits to at least four rare earth magnet producers including suppliers to Volkswagen , the German carmaker and industry sources said, the first granted since Beijing restricted shipments last month and a sign that the critical materials will continue to flow, reports Reuters.Baotou Tianhe Magnetics, which...
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