Oil heads for weekly gain on China stimulus hopes
LONDON (Reuters): Oil rose almost 1 per cent on Friday and was on track for a weekly gain, spurred by expectations of a stimulus-driven economic recovery in China, the world's biggest oil importer, and by forecasts of lower US inventories.Analysts polled by Reuters had expected US crude stocks to have...
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HAKKANI PULP AGM APPROVES 2PC CASH DIVIDEND
The 28th Annual General Meeting (AGM) of Hakkani Pulp & Paper Mills Limited was held on Saturday in hybrid mode (both physical and online presence). The meeting, chaired by Md Golam Rasul Muktadir, Chairman of the company, approved 2% cash dividend for the shareholders for the financial year 2023-24. Managing...
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Gold set for weekly gains amid geopolitical uncertainty
Gold prices eased on Friday but were set for a weekly gain as investors gravitated towards safe-haven assets amid political uncertainty in the Middle East, overshadowing pressure from a firmer dollar, reports Reuters.Spot gold was down 0.3 per cent to $2,626.52 per ounce as of 1255 GMT. Bullion has gained...
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Base metals mixed, copper supported by tight supply
SHANGHAI, Dec 27 (Reuters): Base metal prices were mixed on Friday, moving within tight ranges with the strong dollar limiting gains, although copper found support from supply tightness in copper concentrate.The three-month copper on the London Metal Exchange (LME) rose 0.4 per cent to $8,990 per metric ton by 0140...
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