Oil gains as Iran tensions outweigh US supply boom
LONDON, July 16 (Reuters): Oil prices rose on Tuesday as tensions in the Middle East outweighed the impact of a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in US supply from shale oil.But gains were capped by uncertainty about China's economic prospects after...
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Ryanair halves 2020 growth plans on Boeing MAX delays
DUBLIN, July 16 (Reuters): Ryanair has halved its growth plans for next year due to delays in deliveries of Boeing's grounded 737 MAX jet, lifting shares in rival European airlines which had feared a surge in new capacity would drag down ticket prices.Europe's largest budget airline said it would start...
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Gold steadies before US retail sales numbers
BENGALURU, July 16 (Reuters): Gold prices held steady on Tuesday as investors awaited retail sales data from the United States later in the session for cues on the health of the world's largest economy.Spot gold inched up 0.1 per cent to $1,414.92 per ounce by 1015 GMT. US gold futures...
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Malaysia keeps August crude palm oil export duty at zero per cent
KUALA LUMPUR, July 16 (Reuters): Malaysia kept its export duty on crude palm oil for August unchanged at zero per cent, according to a circular on the Malaysian Palm Oil Board's website on Tuesday, citing the national customs department.The duty has been at zero per cent since September.Malaysia, the world's...
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China's industrial output expands 6.0pc in H1
BEIJING, July 16 (Xinhua): China's value-added industrial output, an important economic indicator, expanded 6 per cent year on year in the first half, official data showed Monday.The growth rate was 0.5 per centage points lower than that recorded in the first quarter of the year, the National Bureau of Statistics...
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India's BPCL buys gasoline for Kandla in rare move
SINGAPORE, July 16 (Reuters): India's Bharat Petroleum Corp Ltd has bought gasoline for Kandla in a rare move to meet demand and plug a supply gap after cancelling an earlier purchase tender, industry sources said on Tuesday.BPCL bought 20,000 tonnes of 91.2-octane grade gasoline at a premium of about $9...
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