Archive of 12 July 2017

Tumbling inventories push zinc to three-month highs

LONDON: Zinc prices climbed to their highest in more than three months on Wednesday as the market worried about falling stocks in exchange warehouses, shortages...

FTSE has best day since April on Burberry gains, dovish Yellen; Carillion collapses

LONDON: British shares recovered on Wednesday, touching a two-week high, as oil and gas stocks gained and luxury retailer Burberry jumped. Mid-cap Carillion plunged to...

S&P warns more sovereign downgrades likely this year

LONDON: More governments are likely to see their sovereign credit ratings cut this year, S&P Global said on Wednesday. An average of more than one country...

Mexican peso surges to 14-month highs as traders shrug off Trump

MEXICO CITY: Mexico's peso surged on Wednesday to a more than one-year high, bolstered by growing confidence that US President Donald Trump will not pull...

USDA slightly ups forecast for 2017/18 domestic sugar supplies

NEW YORK: The US Department of Agriculture on Wednesday raised its projection for domestic sugar supplies in the upcoming crop year as higher imports from...

Oil pares gains despite US drawdowns as stocks still high

NEW YORK: Oil futures rose more than 1 percent on Wednesday, but backed off session highs despite hefty drawdowns in US crude and gasoline inventories...

Europe Gasoline/Naphtha-Gasoline crack gains as US inventories fall

LONDON: Benchmark European gasoline refining margins rose on Wednesday as stocks in the United States, the key consumer nation fell. US gasoline stocks fell by 1.6...

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