Oil shipping rates from US to Asia hit three-yr high
HOUSTON/NEW YORK, Oct 02 (Reuters): Freight rates for US crude tankers bound for Asia were bid up to a more than three-year peak this week as US sanctions on a Chinese transport giant cut vessel availability, traders and shipbrokers said.The United States (US) last week imposed sanctions on two units...
Read more
Energy mkt must be non-political
TEHRAN, Oct 02 (Reuters): The energy market must be non-political in order to prevent interference, Iranian Oil Minister Bijan Zanganeh said on Wednesday, according to the official IRNA news agency."The energy market must be non-political in order to prevent unilateral and illegal interference," Zanganeh said upon arrival in Moscow for...
Read more
Samsung ends mobile phone production in China
SEOUL, Oct 02 (Reuters): Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world's biggest smartphone market.The shutdown of Samsung's last China phone factory comes after it cut production at the plant in the southern...
Read more
Soybeans exceed two-month high
CHICAGO, Oct 02 (Reuters): US soybean futures prices rose to the highest level in more than two months on Tuesday, adding to gains from the previous session when Chinese purchases and a lower-than-expected estimate of US stockpiles buoyed prices.Corn also advanced after rallying 4.0 per cent on Monday as a...
Read more
Gold inches up
BENGALURU, Oct 02 (Reuters): Gold prices inched up on Wednesday, after rising as much as 1.0 per cent in the previous session, as dismal US manufacturing data fanned fears of a sharp global economic slowdown and stoked bets of further interest rate cuts.Spot gold was up 0.1 per cent at...
Read more
