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Gold demand recedes in most Asian hubs

MUMBAI/BENGALURU, Apr 29 (Reuters): Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices, while the yellow metal switched to a premium in India for the first time in over 1-1/2 months due to a correction in local rates.In India, dealers were charging...

German business leaders fear US tariffs after Merkel-Trump talks

BERLIN, Apr 29 (Reuters): German business leaders voiced disappointment on Saturday over the outcome of talks between Chancellor Angela Merkel and US President Donald Trump, saying they feared he would impose tariffs on steel and aluminum imports.The United States (US) imposed import tariffs of 25 per cent on steel and...

Vietnam Jan-April coffee exports see 17.7pc rise

HANOI, Apr 29 (Reuters): Vietnam's coffee exports for the January-April period rose an estimated 17.7 per cent from the same period a year ago, while rice exports grew an estimated 22.3 per cent during the same period, government data showed on Sunday.Coffee exports from Vietnam will rise an estimated 17.7...

Brazil to lose share of sugar mkt as mills see no profit

SAO PAULO, Apr 29 (Reuters): Brazil will lose a significant share of the global sugar trade to competitors in the current season as price levels make it unprofitable for most mills to produce the sweetener, consultants and millers said on Friday.Analysts are forecasting a reduction in sugar production in Brazil's...

US rejects WTO plan to break trade court deadlock

GENEVA, Apr 29 (AFP): The United States (US) recently rejected a proposal by 66 World Trade Organisation (WTO) members aimed at breaking a deadlock within the body's court, a trade official in Geneva said.The deeping crisis at the WTO's Dispute Settlement Body (DSB) has been triggered by President Donald Trump...

Russia’s nod to Schlumberger acquisition of EDC stake

MOSCOW, Apr 29 (Reuters): Russia has given preliminary approval to a bid by US oilfield services giant Schlumberger to acquire up to 49 per cent of Russia's Eurasia Drilling Co (EDC), an unexpected decision given a chilling in US-Russian relations.Washington has introduced a number of sanctions, including restrictions on financing...