Oil prices drop 7pc this week on China demand woes
HOUSTON, Oct 19 (Reuters): Oil futures fell on Friday, declining more than 7 per cent on the week after data showed China's economic growth slowed and investors digested a mixed Middle East outlook.Brent crude futures fell $1.39, or 1.87 per cent , to $73.06 a barrel. U.S. West Texas Intermediate...
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European airlines demand 'level playing field' with Chinese rivals
BRUSSELS, Oct 19 (Reuters): European airlines urged Brussels on Wednesday to do more to secure a level playing field in the industry, complaining that Chinese rivals enjoy a huge cost advantage because they can fly over Russia and do not face extra environmental costs.A number of carriers, including IAG-owned British...
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Record gold prices dull India demand ahead of key festival
Physical gold dealers in India were forced to offer discounts this week, as record high prices dampened demand ahead of a key festival, while discounts in top consumer China narrowed, reports Reuters.In India domestic prices hit a record high of 77,641 rupees ($923.85) per 10 grams, up more than 15...
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IMF approves $341m loan for Ethiopia
The executive board of the International Monetary Fund approved the first review of Ethiopia's $3.4 billion lending programme, the fund said on Friday, paving the way for a $340.7 million disbursement, reports Reuters.The East African nation secured the four-year financing programme from the IMF in July after carrying out a...
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Wheat slumps on beneficial rains, Russian export policies
CHICAGO, Oct 19 (Reuters): Chicago wheat futures fell sharply on Friday as rains were expected to benefit global wheat-growing regions, analysts said.A shift in Russian export policies also fuelled concerns that U.S. commercial grain companies will be left holding large supplies of wheat.Corn and soybean futures followed wheat lower but...
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