Top European oil companies outshine US rivals with Iran war trading bonanza
LONDON, April 17 (Reuters): The trading desks of Europe's top three oil majors have reaped billions of dollars from the energy supply crunch caused by the Iran war, eclipsing their more cautious U.S. rivals and helping offset the conflict's impact on their production operations.The war launched by the United States...
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Gold holds steady, set for fourth weekly gain on US-Iran deal optimism
Gold held broadly steady on Friday, poised for a fourth straight weekly rise, supported by optimism over a potential US-Iran peace deal that cooled inflation fears and pushed the dollar lower, reports Reuters.Spot gold was largely flat at $4,799.85 per ounce by 1156 GMT, up about 1 per cent so...
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Iran war spurs rubber glove price hikes, raising caution at hospitals
SINGAPORE/KUALA LUMPUR, April 17 (Reuters): Rubber glove makers have raised prices and warned of production cuts as the Iran war chokes supplies of key inputs, raising concerns for the healthcare sector.Glove makers have already hiked the average price of synthetic rubber gloves by around 40 per cent to as high...
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Boeing hiring more than 100 factory workers a week to boost output
Boeing is hiring around 100 to 140 factory workers a week, the highest pace since 2024, as the US jetmaker replaces retirees and increases staffing to support higher production rates and new models, a union leader said, reports Reuters.Boeing's unionised factory workers in the Pacific Northwest now number more than...
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As commodities reshape geopolitics, currency pecking order gets a reset
LONDON, April 17 (Reuters): The war in the Middle East is the latest reminder of how commodities are reshaping the geopolitical landscape, leaving currencies from Norway, Canada, Australia, and New Zealand well placed to outperform larger rivals.These commodity currencies - so called due to their close correlation to the fortunes...
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India belatedly lists banks authorised to import gold and silver
India issued an order on Friday listing banks authorised to import gold and silver, providing relief for banks that were forced to halt imports because the list's publication was delayed, reports Reuters.Reuters reported earlier on Friday that more than 5 metric tons of gold and around 8 metric tons of...
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Malaysian palm oil dips to second weekly loss
KUALA LUMPUR, April 17 (Reuters): Malaysian palm oil futures slipped on Friday, logging a second straight weekly decline, as weaker crude oil prices and Chicago soyoil pressured prices.The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange shed 44 ringgit, or 0.98%, to 4,451 ringgit ($1,126.84)...
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