Oil prices hold steady due to stalled Ukraine peace talks
LONDON, Dec 5 (Reuters): Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut.Brent crude was down 7 cents, or 0.1 per cent, to $63.19 per barrel by 1255 GMT. US West Texas Intermediate dipped 10 cents, or...
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Gold rises on rate cut bets as investors brace for US data
Gold gained on Friday, supported by growing bets on a US interest rate cut, with markets focused on upcoming US inflation data ahead of the Federal Reserve's policy meeting next week, reports Reuters.Spot gold rose 0.5 per cent to $4,226.99 per ounce, as of 1208 GMT, but was on track...
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US slashes work permit validity time for refugees, asylum seekers
WASHINGTON, United States, Dec 5 (AFP): US President Donald Trump's administration on Thursday cut to 18 months from five years the period of time work permits are valid for refugees, asylum seekers and other migrants.The move, the latest in the administration's sweeping immigration crackdown, took place just two days after...
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Saab and Airbus co-operate on unmanned fighter technology
PARIS, Dec 5 (Reuters): Saab and Airbus are discussing co-operation on unmanned warplane technology, senior executives of the companies told Reuters, a move highlighting surging interest in drones and evolving alliances in Europe's fractured defence industry.The project, revealed in separate CEO interviews at a European industry event this week, focuses...
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Brazil soy exports jump 64pc in Nov
SAO PAULO, Dec 5 (Reuters): Brazil's soybean exports jumped 64 per cent in November from a year ago to 4.2 million metric tons, the government said on Thursday, with good local supply allowing elevated shipments before the world's largest importer China shifts to United States' beans.Brazil soy exports normally fall...
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India's steel exports to Europe set to drop
NEW DELHI, Dec 5 (Reuters): India's steel exports to Europe are expected to fall once the European Union's carbon tax takes effect next month, prompting mills to seek alternative buyers in Africa and the Middle East, industry executives and analysts said.Imports of steel into the European Economic Area will face...
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