Oil prices slip on potential Libyan output return, storm supports
LONDON, Sept 21 (Reuters): Oil prices fell on Monday, weakened by the possible return of Libyan production and as rising coronavirus cases stoked worries about global demand, although the market drew support as a tropical storm threatened to disrupt output in the US Gulf of Mexico.Brent crude LCOc1 was down...
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ICAB holds standards compliance workshop
The virtual workshop on "Compliance of Standards in Audited Financial Statements of Listed Banks" organised by the Institute of Chartered Institute of Bangladesh (ICAB) under the purview of the quality assurance review activities of the institute was held through the Zoom app on Monday. About 120 CFOs, other relevant executives...
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Boeing gearing up for 787 move to South Carolina
PARIS, Sept 21 (Reuters): Boeing Co is nearing a decision to shift more 787 Dreamliner production to South Carolina, industry sources said, a cost-cutting strategy accelerated by the Covid-19 pandemic that would deplete its iconic factory north of Seattle.As recently as last year, Boeing was making record numbers of 787s...
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Cobalt demand for 5G tech to challenge electric vehicles
LONDON, Sept 21 (Reuters): The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers.Larger batteries, using lithium cobalt oxide chemistry (LCO), are needed in 5G phones because...
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Russian wheat prices rise
MOSCOW, Sept 21 (Reuters): Russian wheat export prices rose for the fourth week in a row last week on strong demand from Turkey, Egypt and other major importers and higher Chicago wheat prices, analysts said on Monday.Russian wheat with 12.5 per cent protein loading from Black Sea ports and for...
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