Archive of 17 May 2019
Oil slips but set for weekly gain on Mideast supply disruption fears
May 17, 2019NEW YORK: Oil prices edged lower on Friday, but both benchmarks were on track for a weekly gain on rising concerns over potential further supply...
C$ hits 3-week low as China’s trade talk worries investors
May 17, 2019TORONTO: The Canadian dollar weakened to a three-week low against its US counterpart on Friday and was on track for its biggest weekly decline since...
Britain raised FX warchest ahead of first Brexit deadline
May 17, 2019LONDON: Britain ramped up its foreign currency reserves in the last quarter of 2018 at a faster pace than any other major country, ahead of...
US money market rates fall on Thursday
May 17, 2019NEW YORK: The interest that US banks charge each other to borrow reserves overnight fell to 2.39% on Thursday from 2.40% the day before, while...
Oil lifted towards $73 by real and threatened supply cuts
May 17, 2019LONDON: Oil edged up towards $73 a barrel on Friday, heading for a weekly gain, supported by supply cuts and concern over potential further disruption...
India flips to discount as prices gain; demand dips in top hubs
May 17, 2019MUMBAI/BENGALURU: Gold was sold at a discount this week in India for the first time in 2-1/2 months as higher prices deterred jewellers and retail...
Coffee and sugar slide as Brazil currency extends decline
May 17, 2019LONDON: Arabica coffee and raw sugar futures were sharply lower on Friday, with the weakness of Brazil's real currency helping to keep both markets on...