Oil climbs on China stimulus, Middle East conflict and hurricane risk
Oil prices jumped more than 2% on Tuesday on news of monetary stimulus from top importer China and concerns that conflict in the Middle East could hit regional supply while another hurricane threatened supply in the United States, the world's biggest crude producer, reports Reuters.Brent crude futures were up $1.79,...
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India's basmati rice exports seen surging after floor price removed
NEW DELHI/MUMBAI, Sept 24 (Reuters): India's decision to remove the floor price for basmati rice exports is expected to spur a flurry of orders from the Middle East, Europe, and the Americas, leading exporters said, helping New Delhi to increase its share of the global market.The world's biggest rice exporter...
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Gold steady after hitting record high
Gold prices steadied on Tuesday after hitting a record high on expectations for a further easing of US monetary policy and as tensions in the Middle East escalate, reports Reuters.Spot gold was little changed at $2,627.85 per ounce as of 0822 GMT, having hit a record high of $2,639.95 earlier...
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Climate goal to triple global renewable energy by 2030 within reach: IEA
LONDON, Sept 24 (Reuters): A goal to triple global renewable energy capacity by 2030 and cut fossil fuel use is within reach, the International Energy Agency said in a report on Tuesday, but will require a huge push to unlock bottlenecks such as permitting and grid connections.The report comes as...
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Coffee heads back towards multi-year highs
LONDON, Sept 24 (Reuters): Coffee futures on ICE headed back towards multi-year highs on Tuesday as worries over the crop in top producer Brazil persisted, compounded by fears there will not be enough rains in the country in the weeks ahead.Raw sugar futures also gained, heading back near seven-month highs.COFFEEDecember...
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