Oil prices stable ahead of Trump-Zelenskiy meeting
LONDON, Aug 18 (Reuters): Oil prices were little changed on Monday as investors awaited talks between the US and Ukrainian presidents after an inconclusive US-Russia summit in Alaska on FridayBrent crude futures rose 9 cents, or 0.14 per cent, to $65.94 a barrel by 1300 GMT. US West Texas Intermediate...
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Gold rises on softer yields
Gold prices edged higher on Monday, buoyed by easing US Treasury yields, while investors focused on US President Donald Trump's meeting with Ukrainian and European leaders, and the Federal Reserve's annual symposium in Jackson Hole, reports Reuters. Spot gold was 0.1 per cent higher at $3,383.20 per ounce at 09:56...
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China extends probe into EU dairy products
BEIJING, Aug 18 (Reuters): China extended on Monday its anti-subsidy investigation into European Union dairy imports by six months, showing little sign of let up in a two-front trade war with Brussels and Washington that threatens to upend its export-orientated growth model.The Ministry of Commerce said it had prolonged the...
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Japan steel groups seek reforms to stop tariff evasion as China exports surge
TOKYO, Aug 18 (Reuters): Japanese steel lobby groups said on Monday they have requested the early introduction of measures to prevent the evasion of anti-dumping tariffs aimed at protecting domestic industries from unfair imports.The move comes as record steel exports from China, the world's largest producer, have sparked a protectionist...
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Aluminium eases as US adds more derivative products to tariff list
BEIJING, Aug 18 (Reuters): Aluminium prices in Shanghai and London slid on Monday, as the United States added more of the metal's derivative products under the 50 per cent import levy, blurring the demand outlook.The most traded aluminium contract on the Shanghai Futures Exchange closed daytime trade 0.68 per cent...
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India recommends 3-yr import tariff on some steel products
India has recommended a three-year import tariff of 11 per cent-12 per cent on some steel products to curb shipments from top producer China, reports Reuters.The levy, if imposed, will start at 12 per cent. It will be eased to 11.5 per cent in the second year and to 11...
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