Oil prices tick higher as Russia-Ukraine tensions escalate
LONDON, Nov 18 (Reuters): Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China and forecasts of a global oil surplus weighed on markets.Brent crude futures were up 47 cents, or 0.7 per cent, to $71.51 a...
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Spirit Airlines files for bankruptcy protection
Spirit Airlines filed for bankruptcy protection, it said on Monday, after the pioneer of no-frills travel in the United States struggled with a long run of quarterly losses, failed merger attempts and looming debt maturities, reports Reuters.The Florida-based airline said it had pre-arranged a deal with its bondholders to restructure...
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Gold rebounds as dollar rally pauses
Gold prices rebounded on Monday, having posted losses in the previous six sessions, with gains driven by a pause in the US dollar's rally, while investors await comments from the Federal Reserve officials for clarity on the interest rate trajectory, reports Reuters.Spot gold rose 1.3 per cent to $2,593.32 per...
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Arabica coffee hits fresh 13-year high
LONDON, Nov 18 (Reuters): Arabica coffee futures on ICE hit fresh 13-year highs on Monday amid concerns over supplies in central and south America, and uncertainty on the regulatory front, while cocoa retreated somewhat from last week's stellar rally.COFFEEMarch arabica coffee was up 0.9 per cent at $2.8570 per lb...
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