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Oil prices rise as US, Iran trade strikes

LONDON, June 1 (Reuters): Oil prices rose more than $3 a barrel on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in its battle with the Tehran-backed Hezbollah militant group.Brent futures were up $3.43 or 3.8 per cent at $94.55 a...

PRAN-RFL HOSTS EID CELEBRATION FOR UNDERPRIVILEGED CHILDREN

PRAN-RFL Group, the country's leading conglomerate, organised a special Eid celebration event for underprivileged children as part of its corporate social responsibility (CSR). The event was held at an orphanage and a daycare centre in the capital's Rayerbazar and Mirpur areas under the 'Eid for All' campaign. At the event,...

Gold dips with inflation worries rising on Middle East conflict

Gold prices slipped on Monday as fresh strikes between Iran and the United States heightened inflation concerns and reinforced expectations that central banks may keep monetary policy tighter for longer, reports Reuters.Spot gold was down 0.7 per cent at $4,502.89 per ounce as of 08:40 a.m. EDT (1240 GMT) after...

Aluminium hits four-year high on renewed Middle East supply risks

LONDON, June 1 (Reuters): Aluminium prices soared to their highest point in more than four years on Monday as Middle East supply risks escalated after the US and Iran traded military strikes, traders said.Benchmark aluminium on the London Metal Exchange traded 0.5 per cent higher at $3,685 a metric ton...

EU starts first investment roadshow in South Africa targeting minerals

JOHANNESBURG, June 1 (Reuters): Some 200 companies attended a European Union investment roadshow in South Africa on Monday, vying for a slice of €12 billion ($13.98 billion) in investments the bloc has pledged amid global rivalry over critical minerals.The EU's first investment roadshow, hosted at the Johannesburg Stock Exchange, marks...

Saudi Aramco raises LPG OSPs by up to 3pc for June

MOSCOW, June 1 (Reuters): Saudi Arabia's state oil producer Saudi Aramco has raised official selling prices for liquefied petroleum gas by between 1 per cent and 3 per cent in June, while Algeria's Sonatrach has cut them by between 18 per cent and 31 per cent due to higher supply...

JetBlue flags higher fuel costs

US carrier JetBlue raised its second-quarter fuel costs forecast on Monday as shipping disruptions in the Strait of Hormuz entered a fourth month, increasing pressure on the global aviation industry due to rising jet fuel prices, reports Reuters.The US-Israeli attack on Iran closed the critical Strait, a vital route for...