Archive of 30 April 2019

Iran says it will keep exporting oil despite US pressure

GENEVA: Iran will continue to export oil despite US pressure aimed at reducing the country's crude shipments to zero, Iranian President Hassan Rouhani said on...

Sterling rallies on hopes Brexit talks have progressed

LONDON: Sterling reached a one-week high back above $1.30 on Tuesday after media reports that the tone of Brexit talks between the British government and...

Kenya Airways likely to stick with Boeing as losses narrow

NAIROBI: Kenya Airways has not considered switching its future plane orders to Airbus following Boeing's 737-MAX jet crisis, the airline's chairman said on Tuesday after...

Pipelines may contain 5mn tonnes of polluted Russian oil

MINSK: Pipelines in Russia, Belarus, Ukraine and Poland are estimated to contain 5 million tonnes of contaminated Russian oil, Belarus's state news agency Belta cited...

Raw sugar edges up after hitting seven-week low ahead of contract expiry

LONDON: Raw sugar prices on ICE rose on Tuesday after hitting seven-week lows in the previous session as the market came under heavy selling pressure...

Glencore cuts 2019 copper production target

Miner and trader Glencore lowered its target for 2019 copper output following severe flooding in Australia and a 7 percent drop in production of the...

NY coffee may retest resistance at $0.9420

SINGAPORE: New York July coffee may retest a resistance at $0.9420 per lb, a break above which could lead to a gain to $0.9545. The resistance...

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