Oil prices hold near 2-week low on gloomy demand outlook
Oil prices were little changed, trading near their lowest in two weeks on Wednesday, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025 and amid demand concerns in China, reports Reuters.Brent futures were up 15 cents, or 0.21 per cent, to $72.04 a...
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Four win Agri Machinery Talent Hunt Awards
The Farm Machinery and Postharvest Process Engineering Division (FMPE) of Bangladesh Agricultural Research Institute (BARI) held the Agricultural Machinery Talent Hunt Award ceremony at the FMPE Seminar Room on Wednesday. The programme was funded by (FMD) project, says a statement.Four contestants from across the country were awarded at the event....
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Palm oil ends low on heavy losses at Dalian rival oils
JAKARTA, Nov 13 (Reuters): Malaysian palm oil futures closed down for a second session in a row on Wednesday, dragged down by the heavy losses in prices of rival vegetable oils in Dalian.The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange lost 42 ringgit, or...
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Gold rises from two-month low
Gold prices rose on bargain buying on Wednesday after the metal dropped to its lowest in nearly two months in the previous session and as the dollar paused ahead of upcoming US inflation data and remarks from Federal Reserve officials, reports Reuters.Spot gold was up 0.4 per cent at $2,607.99...
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Copper hits two-month low on China demand angst
LONDON, Nov 13 (Reuters): Copper prices hit a two-month low on Wednesday as the dollar held firm and poor demand prospects in top consumer China dominated the mood, while the market waited for US inflation data.Benchmark copper on the London Metal Exchange (LME) was down 0.2 per cent at $9,143...
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Tesla recalls over 2,400 Cybertrucks
Tesla said on Wednesday it was recalling 2,431 Cybertruck electric pickup trucks in the United States as loss of drive power could increase the risk of a crash, in its sixth such move this year, reports Reuters.Last month, the EV maker said it would recall more than 27,000 Cybertrucks in...
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India's Oct palm oil imports rise 60pc
India's palm oil imports in October rose 60% from September to 845,682 metric tons on festive demand and as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports recently, the Solvent Extractors' Association of India (SEA) said on Wednesday, reports Reuters.Higher purchases by the world's biggest vegetable oils importer...
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