Oil declines but on track for fifth weekly gain on strong demand
Crude oil prices fell on Friday, but remained on track for a fifth consecutive weekly gain on expectations demand growth will outstrip supply and OPEC+ producers will be cautious in returning more supply to the market from August, reports Reuters.Brent crude was down 27 cents, or 0.4 per cent, at...
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Cattle pick up support while hogs break lower
The feeder cattle sector once again closed higher on Thursday amid a mostly lower trending US corn market, while the live cattle complex barely closed higher, seeming to just absorb some of the momentum from the feeder cattle market, report agencies.Hog prices closed lower on the National Direct Afternoon Hog...
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Gold gains on $ dip, while focus turns to inflation
Gold prices rose on Friday and were heading for their first weekly gain in four as a preliminary deal on US infrastructure spending drove a dollar retreat, while investors awaited inflation data, reports Reuters.Spot gold gained 0.4 per cent to $1,782.74 per ounce at 1106 GMT on the day, and...
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Cathay Pacific to require Covid-19 vaccinations for crew by Aug 31
Cathay Pacific Airways Ltd said on Thursday that all Hong Kong-based pilots and flight attendants would need to be vaccinated against Covid-19 by August 31 2021 or risk losing their jobs, in one of the airline industry's toughest policies, reports Reuters.Cathay said it had struggled with staff rostering due to...
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EnBW CEO Mastiaux to step down in 2022
FRANKFURT, June 25 (Reuters): EnBW's Chief Executive Officer (CEO) Frank Mastiaux will not renew his term in office when his appointment ends on September 30 next year, the German utility said on Friday, citing personal reasons.The supervisory board regretted Mastiaux' step but would undertake to find a successor in good...
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China steel futures rise, coking coal log weekly gains
BEIJING, June 25 (Reuters): Chinese steel and iron ore futures rose on Friday, while coking coal and coke both gained nearly 5.0 per cent against a backdrop of strong demand at mills and supply tightness.The most-traded coke futures on the Dalian Commodity Exchange , for September delivery, jumped 1.1 per...
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