War risk costs drag on UAE marine fuel sales, benefit Singapore

SINGAPORE, July 17 (Reuters): Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates' (UAE) Fujairah oil hub, trade sources said.Instead, they are turning primarily to Singapore, the world's top refueling...

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Pakistan reopens airspace, ending months of flight restrictions

KARACHI, July 17 (AFP): Pakistan on Tuesday fully reopened its airspace for all civilian traffic, ending months of restrictions affecting major international routes including from India after clashes between the nuclear-armed rivals brought them to the brink of war."With immediate effect Pakistan airspace is open for all type of civil...

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Gold eases as dollar holds firm after robust US data

BENGALURU, July 17 (Reuters): Gold slipped on Wednesday as the dollar held near a one-week high on the back of better-than-expected retail sales data from the United States, while investors waited for direction on interest rates from the US Federal Reserve.Spot gold fell 0.3 per cent to $1,402.42 per ounce...

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