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Oil edges higher on inventory draw and equities rally

LONDON, Nov 20 (Reuters): Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger than expected draw in US crude stockpiles and a broader equities rally.Brent crude futures were up 43 cents, or 0.7 per cent, at $63.94 a barrel by 1400 GMT. US...

China Oct rare earth magnet exports fall for a second month

BEIJING, Nov 20 (Reuters): China's rare earth magnet exports in October fell 5.2 per cent from a month earlier, customs data showed on Thursday, down for a second month, but shipments to the United States surged to a nine-month high.Beijing announced earlier this month it would suspend the rare earth...

Gold steady as traders assess delayed US jobs data

Gold prices held steady on Thursday, as investors digested a delayed US jobs report that showed better-than-expected September employment numbers for further cues on the Federal Reserve's policy outlook, reports Reuters.Spot gold was up 0.1 per cent at $4,083.95 per ounce, as of 9:25 a.m. ET (1425 GMT). US gold...

Vietnam rice rates fall to near 5-year low on weak demand

Vietnam's rice rates fell to a near five-year low this week on weak demand and a push for higher-quality production, while India's demand stayed muted as buyers chose cheaper rivals even as parboiled prices rose to a six-week high with government procurement underway, reports Reuters.Vietnam's 5 per cent broken rice...

Luxury sector to revive in 2026 but price hikes leave shoppers 'betrayed', says Bain & Co

PARIS/MILAN, Nov 20 (Reuters): The global luxury goods industry is likely to sell 3 per cent to 5 per cent more next year after stagnating in 2025, but years of aggressive price increases have alienated customers, threatening long-term growth, Bain & Company warned on Thursday.Bain said next year's growth will...

Thousands protest against state takeover of palm oil plantations in Indonesia

JAKARTA, Nov 20 (Reuters): Thousands of residents in Indonesia's Riau province palm oil belt protested on Thursday against the takeover of their plantations by the government's forestry task force, an organiser told Reuters.President Prabowo Subianto's forestry task force, which includes military personnel and state prosecutors, has this year launched a...