Oil up on expectations of Federal rate cut
LONDON, July 30 (Reuters): Oil prices rose for a fourth day on Tuesday on optimism the US Federal Reserve will this week cut interest rates for the first time in more than 10 years, supporting fuel consumption in the world's biggest oil user.Brent crude LCOc1 rose 63 cents to $64.34...
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European price war squeezes Lufthansa hard
FRANKFURT AM MAIN, July 30 (AFP): European airline giant Lufthansa on Tuesday reported tumbling net profits in the second quarter, saying higher operating costs and a European short-haul price war ate into the bottom line.Net profit at Lufthansa fell 70 per cent year-on-year in April-June, to 226 million euros ($252...
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S African unemployment hits record 29pc
PRETORIA, July 30 (AFP): Joblessness in South Africa has reached a record 29 per cent, the statistics office said Tuesday, piling pressure on President Cyril Ramaphosa's administration after it won May elections vowing to halve unemployment.It marks the lowest level since the country's quarterly labour force survey was introduced 11...
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Local Government Engineering Department
Local Government Engineering Department held a workshop on "Promoting Resilience of vulnerable through Access to infrastructure improved skills and information (PROVATIS)" in the city on Tuesday. Secretary of Local Government Division Helal Uddin Ahmed (3rd from left) inaugurated the programme with LGED Chief Engineer Md Khalilur Rahman in the chair....
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Gold price firms
BENGALURU, July 30 (Reuters): Gold prices firmed on Tuesday ahead of a US Federal Reserve meeting at which the central bank is expected to signal how big an interest rate cut the world's biggest economy could take.Spot gold was up 0.1per cent at $1,428.61 an ounce by 1143 GMT and...
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