Growing number of US investors plowing money into commodities
NEW YORK, Nov 9 (Reuters): A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily.Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the...
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Emirates airline profits more than double to Dh1.7 billion
DUBAI, Nov 9 (Gulf News): Emirates airline's profits more than doubled, reaching Dh1.7 billion in the first half of 2017 from Dh786 million in the same half last year driven by the strengthening of currencies in key markets against the US dollar.In a statement on Thursday, the carrier said its...
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Oil prices hold steady after fall
SINGAPORE, Nov 9 (Reuters): Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia.However, traders said a price rally that has pushed up Brent crude futures by more than 40 per cent since July may have run...
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SSE, Innogy to create UK retail power firm with 11b pound sales
Frankfurt, Nov 9 (Reuters): SSE aims to turn up the heat on top-ranked British Gas with a merger of its UK power and gas retail operations with those of npower, owned by Germany's Innogy.The deal will bolster second-ranked SSE, creating a supply group with 11 billion pounds in combined sales...
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Nickel slips more than 3.0pc
Nickel slid more than 3.0 per cent on Thursday in an accelerating correction after rising to more than two-year highs last week on speculation that an expected electric vehicle boom would drive up demand, reports Reuters.Nickel prices surged almost 10 per cent during the annual London Metal Exchange Week industry...
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