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Turkey's steel sector could face losses after cuts to EU quotas: Industry chief

ISTANBUL, Sept 16 (Reuters): New restrictions on imports to the European Union next month may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from US and EU tariffs, Turkey's Steel Exporters' Association (CIB) chief said.Turkey's steel sector has come under pressure from...

EU urges US to ‘make deal’ in Airbus-Boeing row

BRUSSELS, Sept 16 (AFP): The EU on Monday urged the US to make a deal to end a 15-year long Airbus-Boeing row, just days before Washington is expected to announce a raft of new tariffs in the epic tit-for-tat battle."We have enough tariffs in the world as it is, so...

Annual global oil demand

Paris: Annual global oil demand, 2018-2020 — AFP

China commodities prices fall in Aug

BEIJING, Sept 15 (Xinhua): The overall average price of commodities in China shrank by 2.0 per cent in August from the previous month and by 6.0 per cent from the same period last year, according to the China Logistics Information Center.The average price in the January-August period went down 2.7...

Gold climbs 1.0pc as attacks on Saudi facilities spur demand

BENGALURU, Sept 16 (Reuters): Gold rose more than 1.0 per cent on Monday after an attack on key oil facilities in Saudi Arabia inflamed worries over the stability of the Middle East, driving investors to seek refuge in assets seen as a haven from risk.A 20 per cent bounce in...

Shanghai gold futures higher

SHANGHAI, Sept 16 (Xinhua): Gold futures higher Monday in daytime trading on the Shanghai Futures Exchange.The most active gold contract for December delivery was up 1.0 yuan (about 14 US cents) to open at 346.2 yuan a gram.