Oil slips on Sverdrup field restart, geopolitical fears support
LONDON, Nov 19 (Reuters): Oil slipped on Tuesday pressured by the restart of production at Norway's Johan Sverdrup oilfield, although investor caution arising from fears of an escalation in the Russia-Ukraine war limited the decline.Equinor has resumed partial production from the oilfield, Western Europe's largest, following a power outage. An...
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Gold prices hit one-week peak
Gold prices climbed for a second straight session to hit a one-week peak on Tuesday as the US dollar pulled back from recent highs, while investors awaited comments from Federal Reserve officials for clarity on its interest rate cut policy, reports Reuters.Spot gold rose 1 per cent to $2,637.10 per...
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Wheat rebounds on fears of escalating Ukraine war
PARIS/BEIJING, Nov 19 (Reuters): Chicago wheat futures rose for a third session in a row on Tuesday, supported by concerns of an escalating war in the Black Sea breadbasket region, following the White House's move to lift curbs on Ukraine using U.S missiles to strike Russian territory.The most-active wheat contract...
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Boeing announces almost 2,200 layoffs at historic sites
NEW YORK, Nov 19 (AFP): The US aviation giant Boeing sent out its first redundancy notifications on Monday as part of a previously announced plan to cut its global workforce by 10 percent.Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many...
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