Oil climbs, set for 4th week of gains as US sanctions hit supply
TOKYO/SINGAPORE (Reuters): Oil prices rose on Friday, heading for a fourth consecutive week of gains as the latest US sanctions on Russian energy trade hit supply, pushing up spot trade prices and shipping rates.Brent crude futures were trading 55 cents or 0.7 per cent higher at $81.84 per barrel as...
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Gold poised for third weekly gain on Fed rate cut bets
Gold held firm near a five-week high on Friday and was set for a third straight week of gains, as US inflation data released earlier this week raised expectation that the Federal Reserve might cut interest rates further this year, reports Reuters.Spot gold was flat at $2,715.09 per ounce, as...
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US trade envoy finds China's shipbuilding policies warrant 'urgent action'
WASHINGTON, Jan 17 (AFP): The US Trade Representative said Thursday that its probe into China's practices in the shipbuilding, maritime and logistics sectors found that Beijing's undermining of fair competition warranted "urgent action."The conclusion comes after the USTR launched an investigation last year, responding to a petition by five unions."Beijing's...
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Mongolia signs landmark mining deal with French nuclear giant
ULAANBAATAR, Jan 17, 2025 (AFP) - Mongolia on Friday signed a $1.6 billion investment deal with French nuclear giant Orano allowing it to exploit a vast uranium deposit in its southwest, a move Paris says will enhance its energy independence.Discussions between Orano and Mongolian authorities began more than two years...
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