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Oil rises but heads for first weekly decline since Iran war began

LONDON, March 27 (Reuters): Oil prices rose on Friday but were on track for their first weekly decline since February 9 as US President Donald Trump extended a pause in attacks on Iran's energy plants, though investors remain cagey about prospects for ceasefire in the month-old war.Brent crude futures rose...

Gold rises on dip-buying but heads for fourth weekly loss

Gold rose on Friday on bargain-hunting but remained on track for a fourth straight weekly loss, as the US-Israel war with Iran stoked inflation concerns, lifted the dollar and reinforced expectations of higher interest rates, reports Reuters.Spot gold rose 1.1 per cent to $4,425.39 per ounce as of 1018 GMT....

Singapore sets out plans to build Asia gold trading hub

SINGAPORE, March 27 (Reuters): Singapore set out plans on Friday to turn the city-state into a gold trading hub for the whole of Asia, with regulators and industry players working together to strengthen the market's trading, clearing and storage infrastructure. Singapore is one of a number of Asian financial centres...

Congo, China deepen mining ties as US pushes rival minerals pact

KINSHASA, March 27 (Reuters): Democratic Republic of Congo and China have signed a deal to deepen cooperation in the African nation's mining sector, Congo's government said, as global powers jockey for influence in the strategically important minerals powerhouse.Congo is the world's leading producer of cobalt and holds vast reserves of...

Vietnamese airlines to cut flights due to fuel supply constraints

HANOI, March 27 (Reuters): Vietnamese airlines plan to cancel flights on domestic and international routes from next month due to fuel supply constraints caused by the Middle East conflict, state media reported citing a report from the regulator.Flag carrier Vietnam Airlines will suspend seven domestic routes from April 1 and...

Asian refiners switch from Dubai to Brent to price US crude

SINGAPORE, March 27 (Reuters): Asian refiners are beginning to switch to pricing US crude oil purchases against global benchmark ICE Brent instead of Dubai after the Middle East marker spiked to record levels this month, three refining and trade sources said on Friday.The move could reduce liquidity for the Middle...

India's 2026 wheat harvest seen higher, but below estimates as rains, hail hit crop

NEW DELHI, March 27 (Reuters): India's wheat harvest is expected to rise in 2026 from a year earlier but fall short of initial estimates after unseasonal rains and hailstorms hit the maturing crop, trade and industry officials said.India, the world's biggest wheat producer after China, grows a single annual crop,...

Guinea, Emirates Global Aluminium near deal to resolve asset dispute

DAKAR, March 27 (Reuters): Guinea has reached an agreement with Emirates Global Aluminium (EGA) that will avert a looming arbitration over last year's seizure of the miner's local unit, three people with knowledge of the matter have told Reuters.As part of the broader resolution, traders and alternative offtakers have been...

US corn planting seen down, soy acres up as Iran war inflates costs, say analysts

CHICAGO, March 27 (Reuters): The Iran war has upended the planting intentions of US farmers, resulting in fewer acres of corn and the lowest quantity of spring wheat planted since 1970 as rising fertilizer and fuel costs and low grain prices dim the outlook for profits, analysts said ahead of...