Oil prices rise after US rate cut

Oil prices rose more than 1 per cent on Thursday after a large interest rate cut from the US Federal Reserve, helping Brent to recover from below $69 last week - its lowest all year - to above $74, reports Reuters.Brent crude futures were up 90 cents, or 1.2 per...

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Fed's bumper rate cut fuels non-yielding gold's rally

Gold prices climbed over 1 per cent on Thursday after hitting a record high in the previous session, as the US Federal Reserve embarked on its rate easing cycle, reports Reuters.Spot gold rose 1.1 to $2,586.37 per ounce by 1105 GMT, while US gold futures rose 0.5 per cent to...

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Ajinomoto, Danone team up to cut dairy industry's CO2 emissions

Food companies Ajinomoto and Danone unveiled on Thursday a partnership to reduce the dairy industry's greenhouse gas emissions, reports Reuters.Livestock is a major source of methane emissions, often from manure and the routine bodily functions of animals such as cows' belching, according to the United Nations Food and Agriculture Organization.Furthermore,...

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Palm oil rises for 2nd day

KUALA LUMPUR, Sept 19 (Reuters): Malaysian palm oil futures extended gains to a second consecutive session on Thursday, underpinned by firmer soyoil prices and production concerns in the world's second-biggest producer.The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 34 ringgit, or 0.88 per...

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