Oil prices set to end week lower on Trump energy policies
LONDON, Jan 24 (Reuters): Oil prices edged up on Friday but remained on track for a weekly decline after US President Donald Trump announced sweeping plans to boost US production and demanded that OPEC move to lower crude prices.Brent crude futures gained 25 cents, or 0.3 per cent, to $78.54...
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Gold glitters near record high levels after Trump's comments
Gold prices rose nearly 1 per cent on Friday, lingering near record high levels scaled in October, steered by US President Donald Trump's calls to lower interest rates and uncertainty surrounding his trade policies, reports Reuters.Spot gold rose 0.9 per cent to $2,776.97 per ounce by 1210 GMT and was...
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Trump tariff threats send aerospace suppliers scrambling to cushion blow
MONTREAL, Jan 24 (Reuters): Canadian helicopter parts supplier Optima Aero is already moving inventory south of the border to minimize the risk from potential tariffs proposed by US President Donald Trump.Optima, headquartered in Quebec, sends about $2 million worth of parts each year to Texas, where its local division provides...
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India set to raise farm budget by over 15pc, biggest increase in six years
NEW DELHI, Jan 24 (Reuters): India plans to increase spending for the agriculture sector by about 15% to around $20 billion in next month's budget, two government sources said, marking the biggest increase in six years, as it tries to boost rural incomes and curb inflation.The additional cash would be...
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Only Indonesia can help nickel recover from price bust
LONDON, Jan 24 (Reuters): Nickel ended 2024 trading at four-year lows, a spectacular reversal of fortune for a metal that soared so high in 2022 it almost broke the London Metal Exchange (LME).There is no mystery to this dramatic tale of boom and bust. Indonesia has flooded the world with...
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