Oil recovers as US inventory drops
LONDON, Sept 11 (Reuters): Oil climbed more than $1 on Wednesday, reversing some of the previous day's losses, as a drop in U.S. crude inventories and concern about disruptions to US output from Hurricane Francine countered concerns about weak global demand.Brent crude futures were up $1.07, or 1.55 per cent,...
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Gold prices decline..
Gold prices fell on Wednesday as the dollar and Treasury yields firmed after US inflation data prompted investors to scale back expectations of an over-sized rate cut from the Federal Reserve next week, reports Reuters.Spot gold was down 0.4 per cent at $2,505.17 per ounce at 9:40 am ET (1340...
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India to impose up to 30pc tariffs on some steel imports from China and Vietnam
NEW DELHI, Sept 11 (Reuters): India will impose tariffs of between 12 per cent and 30 per cent on some steel products imported from China and Vietnam in a bid to safeguard and boost local industry, an Indian finance ministry order showed.Welded stainless steel pipes and tubes exported by China,...
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Emissions-free truck prices need to drop by 50pc to compete with diesel, study says
FRANKFURT, Sept 11 (Reuters): Prices of emissions-free trucks need to fall by as much as half to make them an affordable alternative to diesel models, a study by consultancy firm McKinsey published on Wednesday said, a necessary step to help achieve European Union climate targets.Less than 2 per cent of...
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