Archive of 17 May 2019

Oil slips but set for weekly gain on Mideast supply disruption fears

NEW 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

TORONTO: 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

LONDON: 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

NEW 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

LONDON: 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

MUMBAI/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

LONDON: 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...

Close
Close