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Exclusive: OPEC, Russia discuss raising oil output by about 1 million bpd - sources
DUBAI/MOSCOW/LONDON (Reuters) - Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs amid concerns that a price rally has gone too far, sources familiar with the matter said.
Posted on : 2018-05-25 13:55:54
India's cotton exports could hit four-year high on price rally, weak rupee
MUMBAI (Reuters) - India's 2017/18 cotton exports are likely to jump nearly 30 percent from the year before to a four-year high of 7.5 million bales, as climbing global prices and a weaker rupee boost overseas demand, the head of an industry body told Reuters.
Posted on : 2018-05-25 13:37:40
Oil prices fall as OPEC and Russia weigh output boost
LONDON (Reuters) - Oil prices fell on Friday as OPEC and Russia considered easing supply curbs to offset disruptions in Venezuela and an expected drop in Iranian exports.
Posted on : 2018-05-25 13:31:15
Chinese, others clamor for crude exports, but U.S. straining capacity
NEW YORK (Reuters) - The U.S. oil export infrastructure is straining to keep up as the country's crude oil exports hit new highs and China snaps up more of it than ever before.
Posted on : 2018-05-25 13:26:23
Exclusive: OPEC, non-OPEC discuss around 1 million bpd oil output rise - sources
DUBAI/MOSCOW/LONDON (Reuters) - Saudi Arabia and Russia will discuss raising OPEC and non-OPEC oil output by around 1 million barrels per day (bpd), easing 17 months of strict supply curbs, sources familiar with the matter said.
Posted on : 2018-05-25 12:50:09
Oil prices fall as Russia floats gradual production increase
SINGAPORE (Reuters) - Oil prices fell on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017.
Posted on : 2018-05-25 12:36:48
Sensex rises; IT stocks extend gains
(Reuters) - Indian shares rose on Friday with IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd extending gains for a second day as the rupee hovered near a 16-month low against the dollar.
Posted on : 2018-05-25 12:26:52
Global Markets: Shares recover as North Korea's conciliatory stance calms nerves
TOKYO (Reuters) - Global shares were on the mend on Friday as Pyongyang's measured response to U.S. President Donald Trump's announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious.
Posted on : 2018-05-25 11:47:50
Exclusive: China Inc tightens reins on debt, raises spectre of slowdown
SHANGHAI/BENGALURU (Reuters) - Debt growth for Chinese companies has slowed to the lowest rate in more than a decade, according to Reuters analysis, which could provide relief for policymakers worried about the fallout from years of loose lending practices across the economy.
Posted on : 2018-05-25 11:32:13
Oil prices fall as Russia warns of gradual output increase
SINGAPORE (Reuters) - Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since 2017.
Posted on : 2018-05-25 11:29:25
New Singapore exchange kicks off trading with palm oil futures
SINGAPORE/KUALA LUMPUR (Reuters) - Singapore's third derivatives exchange kicked off trading on Friday with the launch of palm oil futures, as the largely China-backed bourse looks to get a foothold in the region in preparation for other contracts down the line.
Posted on : 2018-05-25 11:09:42
Indian bourses NSE, MCX in merger talks - Business Standard
MUMBAI (Reuters) - India's National Stock Exchange (NSE) and Multi Commodity Exchange (MCX) are in talks to merge ahead of the implementation of a universal exchange framework in October, the Business Standard newspaper reported http://www.business-standard.com/article/markets/nse-mcx-merger-talks-exchanges-submit-proposal-to-sebi-this-month-multi-commodity-exchange-valuation-commodity-market-deal-details-118052500132_1.html#.WweIRvQtmOM.twitter on Friday.
Posted on : 2018-05-25 11:01:59
Slower growth, higher prices or more subsidies: Asia's oil-related trilemma
BANGKOK/MANILA (Reuters) - Sujinda Cherdchai, who represents inter-regional bus operators in Thailand, told government officials this week that without any government support her industry has two options: higher fares or cutting services for some routes.
Posted on : 2018-05-25 10:59:14
Global Markets: Asian shares on the defensive but North Korea's stance soothes nerves
TOKYO (Reuters) - Market sentiment was a little shaky on Friday with Asian shares on the defensive after U.S. President Donald Trump scrapped a key summit with North Korea, though investors' fears were calmed by Pyongyang's measured response to the cancellation.
Posted on : 2018-05-25 10:54:10
Meghan Markle makes gold sales sparkle
NEW YORK (Reuters) - The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said.
Posted on : 2018-05-25 10:46:55
Gold slips, but safe-haven demand keeps prices above $1,300
BENGALURU (Reuters) - Gold prices eased on Friday on profit-taking, after breaking above $1,300 in the previous session when U.S. President Donald Trump's decision to call off a meeting with North Korean leader Kim Jong Un triggered safe-haven buying.
Posted on : 2018-05-25 09:19:48
Tamil Nadu seeks permanent closure of Vedanta's copper smelter: officials
THOOTHUKUDI, India (Reuters) - Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London-listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds.
Posted on : 2018-05-25 08:34:09
Gold prices slip but hold above $1,300
BENGALURU (Reuters) - Gold prices eased on Monday amid a firmer dollar, after breaking above $1,300 in the previous session as U.S. President Donald Trump's decision to call off a meeting with North Korean leader Kim Jong Un triggered safe-haven buying.
Posted on : 2018-05-25 07:01:21
Asian shares shaky after Trump ditches summit with North Korea
TOKYO (Reuters) - Asian shares were slightly weaker on Friday amid fragile market sentiment after U.S. President Donald Trump called off a key summit with North Korea, though investor concerns were softened by expectations the two countries may still continue dialogue.
Posted on : 2018-05-25 06:54:28
Distraction or disaster? Freeport's giant Indonesian mine haunted by audit report
JAKARTA (Reuters) - A state audit of operations at Indonesia's Grasberg mine has cast a cloud over the government's multi-billion-dollar deal to take a majority stake in the mine from Freeport McMoRan Inc and its partner Rio Tinto , according to government and company officials.
Posted on : 2018-05-25 06:17:14
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