Gold and oil surge on Ukraine war fears
LONDON/SINGAPORE, Nov 22 (Reuters): Gold, oil, and haven assets from the Swiss franc to German government debt headed for strong weekly gains on Friday after the Russia-Ukraine conflict escalated, while European gas price rises and poor economic data heaped pressure on the euro.In a week when Russia lowered its threshold...
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Thai rice prices hit one-month high
Thai rice export prices climbed to a one-month peak this week, buoyed by foreign demand, while Indian rice prices held steady near a 15-month low due to ample supplies, reports Reuters.Exports are making the market active, a Bangkok-based trader said, adding that demand was from regular customers like the Philippines,...
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Palm oil suffers worst week in 19 months with 8pc drop
KUALA LUMPUR, Nov 22 (Reuters): Malaysian palm oil futures closed lower on Friday to log their sharpest weekly fall in more than a year and a half, weighed down by looming demand worries and weak soybean oil prices.The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives...
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Spain fines Ryanair, others $187m over cabin bag fees
MADRID, Nov 22 (Reuters): Spain's consumer rights ministry has fined budget airlines including Ryanair and Vueling a combined 179 million euros ($187 million) for practices such as charging for larger cabin bags, it said on Friday.Consumer groups said in May that the ministry had fined the airlines 150 million euros....
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Aluminium, copper under pressure from weak euro zone PMI
LONDON, Nov 22 (Reuters): Prices for copper and aluminium fell in London on Friday as data showing a tumble in euro zone business activity weakened the euro, and the dollar strengthened weighing on prices for industrial metals.Three-month copper on the London Metal Exchange (LME) was down 0.5 per cent at...
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