S Arabia says oil market headed for ‘balance’

RIYADH, Apr 08 (AFP): Saudi Arabia Energy Minister Khalid al-Falih said on Monday the oil market was "moving towards balance", and that producers may not need to make additional output cuts.As oil prices hit a five-month high at more than $70 a barrel, Falih told a conference in Riyadh that...

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Boeing’s 737 production cut hits its shares

PARIS, Apr 08 (Reuters): Boeing's decision to cut production of its 737 aircraft hit the shares of its suppliers on Monday, while its own shares were lower in US pre-market trading.Boeing Co said late on Friday it planned to cut its monthly 737 aircraft production by nearly 20 per cent...

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Gold prices rise one-week high

NEW DELHI, Apr 08 (Reuters): Gold prices rose to a more-than-one-week peak on Monday as the dollar slipped after data showed US wage growth slowed last month, while investors awaited minutes of the US Federal Reserve's March meeting later this week.Spot gold gained 0.4 per cent to $1,296.87 per ounce...

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