SYDNEY - Shares of most Asian steelmakers rose on Friday, deflecting the first salvo of a long-anticipated anti-dumping campaign from U.S. President Donald Trump.
Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs.
McCormick & Company will fully take over the ownership of Indian business of "Kohinoor" brand of Basmati rice by acquiring the remaining 15 per cent equity ownership in Kohinoor Speciality Foods India (KSF), a statement said here on Thursday.
The statement said McCormick had purchased the Kohinoor brand and other trademarks, along with 85 per cent ownership in the KSF, i
By Ernest Scheyder
HOUSTON - Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence.
In the first quarter, private equity funds raised $19.8 billion for energy ventures - nearly three times the total in the same period last year, according to financial
SINGAPORE - Singapore's on-year export growth beat expectations in March, thanks to a surge in petrochemical and pharmaceutical shipments, a sign the city-state's trade recovery is widening to non-electronic sectors.
Non-oil domestic exports (NODX) in March rose a more-than-expected 16.5 percent from a year earlier, data from trade agency International E
By Marcy Nicholson and Sethuraman N R
NEW YORK/BENGALURU - Gold jumped to a five-month high on Monday as investors took refuge in safe-haven assets amid rising geopolitical tensions over North Korea.
Spot gold was up 0.4 percent at $1,290.40 an ounce by 11:23 a.m. EDT (1523 GMT), after hitting its highest since early November at $1,295
By Devika Krishna Kumar and Julia Simon
NEW YORK - Crude oil prices slipped on Monday in subdued trading after a three-week rally capped by the long Easter holiday weekend, but losses were curbed by strong economic growth in China and a weaker dollar.
Overnight, strong March investment, retail sales and exports all suggested that China, the world's No. 2
NEW YORK - The oil market is getting closer to rebalancing supply and demand conditions, Saudi Aramco chief executive Amin Nasser said at the Columbia University Energy Summit on Friday.
(Reporting by Jessica Resnick-Ault and Julia Simon; Editing by Chizu Nomiyama)
By Jan Harvey
LONDON - Gold eased back from the previous day's five-month high on Friday, but stayed on track for its strongest week since June as concerns over North Korea and the Middle East sent investors scurrying for the safety of bullion and the dollar wilted.
Market liquidity was thin due to Good Friday and Passover holiday observances around the
The central government on Thursday extended the deadline for import of five lakh tonnes of raw sugar from June 12 to June 30 following representations from sugar mills and trade associations.
As per a release, the extension of date means mills and refiners can complete the import of raw sugar until June 30.
Last week, the government had allowed raw sugar imports till June 12
By Julia Simon
NEW YORK - Oil prices were little changed on modest volume on Thursday, in a week in which crude benchmarks recouped more of March's losses on increased hopes world supply and demand were nearing balance.
It comes at the same time the U.S. oil rig count rose to its highest level in two years, threatening the rebalancing of markets.
By Devika Krishna Kumar and Jan Harvey
NEW YORK/LONDON - Gold prices eased from five-month highs on Thursday as the dollar rebounded from a slide triggered by comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates low.
The metal was up about 2.6 percent on the week, o
Nickel futures were trading lower during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal on subdued physical demand ahead of the long Easter holiday weekend. However, upbeat China trade data for March, restricted further slide in nickel prices at futures trade.
At the MCX, nickel futures for April 2017 contra
Zinc futures were trading lower during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal on fall in demand ahead of the long Easter holiday weekend. However, upbeat China trade data for March, restricted further fall in zinc prices at futures trade.
At the MCX, zinc futures for April 2017 contract is trading at
By Diana Asonova
UST-NERA, Yakutia, Russia - In winter it gets so cold that metal snaps.
When the weather is warmer people make a living sifting the earth for fragments of gold in the Oymyakon district of Russia's far eastern Yakutia region.
But the unusually rich deposits of the alluvial gold near the surface are running out and producers hav
Silver futures rose over 1 per cent during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the dollar slid after the US President Trump said that he would prefer the US Fed to keep interest rates low and suggested the greenback is too strong.
Moreover, rising tensions over US relations with Russia and Nort
Copper futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal as the US dollar slid after President Trump said that the currency was too strong. Moreover, prices of copper also got a boost after upbeat China trade data for March, and as traders closed positions ahead of the long Easter h
Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the US dollar slid after President Trump said that the currency was too strong.
Moreover, rising tensions over US relations with Russia and North Korea, too lifted gold prices. At the MCX, gold futures for June 2017 c
Crude oil futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the energy commodity as rising US inventories stoked worries about global oversupply. Meanwhile, investors focussed on preliminary US production estimates in EIA report that suggested domestic output is still climbing.
It also showed tha
HOUSTON - Investors are placing bets that demand for U.S. energy pipelines, storage and processing facilities will outstrip supply in the next few years as the resurgence in shale oil and gas production increases.
With U.S. oil prices mostly above $50 a barrel for several months and a jump in drilling activity this year, new projects are moving off the drawing boards,
By Naveen Thukral
SINGAPORE - Crude oil futures slid for a second session on Thursday, moving away from a one-month high touched briefly in the last session as rising U.S. production stoked worries about global oversupply.
Benchmark Brent crude futures slid 4 cents, or 0.1 percent, to $55.82 a barrel by 0231. The market had climbed to a one-month high of $56
Aluminium futures were trading higher during morning trade in the domestic market on Tuesday as investors and speculators build up fresh bets in the industrial metal amid an increase in physical demand for aluminium at the domestic spot market. Further, an uptick in physical demand for aluminium at the domestic spot market was led by widdening of positions by traders in the spot markets, suppor
Mentha oil futures were little changed during morning trade in the domestic market on Tuesday as investors and speculators started building up fresh bets in the agri-commodity amid rise in physical demand for mentha oil from major consuming industries in the domestic spot market. Further, widening of positions by traders in the spot market was led by an increase in physical demand for mentha oi