Freight rates for Russian oil set to rise as winter, new sanctions in sight
MOSCOW, Nov 29 (Reuters): Freight rates for Russian oil transportation are set to rise amid coming winter season and new sanctions against Russian fleet, three traders said on Friday.Britain has imposed the strongest sanctions to date against Russia's shadow merchant fleet. The new restrictions will affect, in particular, 30 vessels...
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Improved demand lifts rice export rates in India and Thailand
Prices of parboiled rice exported from top hub India gained, after holding steady for three straight weeks, supported by improved demand this week, while the delivery of shipments and demand from regular customers drove Thai rates to their highest in one month, reports Reuters.Top exporter India's 5 per cent broken...
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US consumers wary of 'Black Friday' deals
NEW YORK, Nov 29 (AFP): The annual Black Friday shopping day has always been about finding the best deals, but this year retailers are preparing for a US consumer more zealously fixated than ever on getting value for their money.Inflation has stabilized after dramatic price spikes during the Covid pandemic...
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Gold prices set for biggest monthly decline in over one year
Gold prices gained on Friday, supported by a weaker greenback and geopolitical woes, but were on course for their worst monthly performance since September 2023 due to a dollar rally this month following Donald Trump's U.S. election victory, reports Reuters.Spot gold climbed 0.7 per cent to $2,659.49 per ounce, as...
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Tokyo Gas to boost capital efficiency with asset sales
TOKYO, Nov 28 (Reuters): Tokyo Gas aims to enhance capital efficiency by selling underperforming assets, including real estate, its president said on Thursday, following a filing disclosure of a 5 per cent stake investment by US activist investor Elliott Management.Elliott has taken a 5.03 per cent stake in Tokyo Gas,...
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