Oil prices rise further on trade war relief
LONDON, July 29 (Reuters): Oil prices edged up on Tuesday on optimism that a trade war between the United States and its major trading partners was abating and as President Donald Trump ramped up pressure on Russia over its war in Ukraine.Brent crude futures were up 22 cents, or 0.3%,...
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Tea estate staff to see 5pc annual pay increase
The basic salaries of the Bangladesh Tea Estate Staff Association (BTESA) members will increase by 5 per cent per year, according to an agreement. Apart from the basic salaries, their other financial benefits will also increase, said a press release of the Bangladesh Tea Association (BTA). The agreement was signed...
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Boeing's losses shrink as jet deliveries rebound
Boeing's quarterly losses more than halved and were much smaller than analysts' predictions as the U.S. planemaker ramped up jet production and deliveries, recovering from a regulatory crisis and a major strike that halted most production last year, reports Reuters.Shares of the planemaker rose 2.4% in premarket trading as the...
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Gold regains some ground as trade optimism fades
Gold prices rose on Tuesday as initial euphoria over the US-EU trade truce ebbed, while investors looked forward to the upcoming Federal Reserve policy meeting for clarity on the US interest rate trajectory, reports Reuters.Spot gold was up 0.2% at $3,320.04 per ounce, as of 1130 GMT. Bullion hit its...
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Malaysian palm oil edges higher
Malaysian palm oil futures closed higher on Tuesday, snapping two sessions of losses, as bargain buyers emerged and short-covering activity provided additional support, reports Reuters.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange rose 12 ringgit, or 0.28%, to 4,254 ringgit ($1,005.44) a metric ton...
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