China expands mineral export controls as US imposes tariffs
BEIJING, Feb 4 (Reuters): China said on Tuesday it would restrict exports of five metals used in defence, clean energy and other industries in response to fresh US tariffs, refraining from the outright export bans Beijing has previously used against Washington.The restrictions were the latest attempt by China since 2023...
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Crude oil prices fall on US-China trade clash
Crude oil prices fell on Tuesday as US tariffs on China took effect and Beijing retaliated with its own tariffs, heightening trade war fears, while US President Trump delayed a decision on imposing steep levies on Canada and Mexico for a month, reports Reuters.US West Texas Intermediate (WTI) crude was...
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Gold prices steady after record rally
Gold prices were steady on Tuesday, after a record rally in the previous session, with investors cautious about the potential effects of President Donald Trump's tariffs and ahead of the US economic data set to be released later this week, reports Reuters.Spot gold gained 0.05 per cent to $2,815.00 per...
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Saudi Arabia's non-oil sector sees decade-high growth
RIYADH, Feb 4 (Arab News): Saudi Arabia's non-oil private sector saw its strongest growth for a decade in January, with the Kingdom's Purchasing Managers' Index rising to 60.5, driven by surging new orders and business activity, a new survey showed. The seasonally adjusted Riyad Bank PMI, released by S&P Global,...
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