|Day's Range||121.57 - 122.70|
British Prime Minister Theresa May says Parliament will vote Thursday on whether to seek a delay to Britain's March 29 departure from the European Union. President Donald Trump has issued an emergency order grounding all Boeing 737 Max 8 aircraft in the wake of a crash of an Ethiopian airliner that killed 157 people, a reversal for the U.S. after federal aviation regulators had maintained it had no data to show the jets are unsafe. The decision came hours after Canada joined some 40 other countries in barring the Max 8 from its airspace.
Brits found out how many members of parliament thought the economic carnage that comes with abruptly quitting the EU was worth the price.
Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. For instance, the new agreement allows 99 percent of Australia's goods to enter Indonesia tariff-free, or under "significantly improved or preferential arrangements," and 100 percent of Indonesia's goods to enter Australia tariff-free.
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell on Monday, retreating from their highest level in ...
Indonesia and Australia on Monday signed an economic partnership agreement aimed at stepping up trade and investment between them in areas ranging from cattle to education and cars to wheat. In Jakarta, Indonesian Trade Minister Enggartiasto Lukita and Australian Trade Minister Simon Birmingham signed the deal following completion of talks that started early in the decade and occasionally were stalled by diplomatic tension. The Indonesia-Australia Comprehensive Economic Partnership Agreement (CEPA) will eliminate all Australian tariffs on imports from Indonesia, while 94 percent of Indonesian tariffs will be gradually removed, it said.
Exxon Mobil Corp has hired veteran crude traders Mitch Rubinstein and Michael Paradise in Houston, to further boost its trading capabilities, sources familiar with the matter told Reuters on Wednesday. In a break from its past, Exxon has been building a global cadre of experienced traders and beefing up risk management systems to lift profit. Exxon, the largest U.S. oil company by market capitalization, has historically stood apart from rivals by limiting trading activity out of concerns it would be accused of market manipulation.
Key government ministers took to the airwaves Friday to dismiss a report that Dalian Port Group has imposed an indefinite ban on Australian coal. While quotas and testing has slowed down shipments in some areas, there’s no indication Australia has been singled out, Trade Minister Simon Birmingham said. “We have no basis to believe that there is a ban on Australian coal exports into China,” Birmingham said.
The U.S. Department of Agriculture is concerned about a potential decline in farmland real estate prices, but has seen no sign of that happening so far, USDA chief economist Robert Johansson said on Thursday. Farmland prices are a key pillar of equity for the U.S. agricultural heartland, which has been suffering from lingering weakness in commodity prices and loss of key export markets such as China due to President Donald Trump's trade disputes. A potential significant price-drop in farmland is something “we are concerned that may happen,” Johansson told Reuters in an interview on the sidelines of the USDA's annual forum.
The Australian dollar is once again struck by China-related woes on Thursday, though this time it isn’t the Sino-U.S. trade spat that inflicted pain.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Goldcorp Inc Chief Executive Officer ...
In 2018, ethanol selling prices hit their lowest annual average since 2002, years before federally mandated fuel blending became law.
Cattle truck drivers have welcomed the first of a series of upgrades to roads in remote regions of Australia. It's part of the Northern Australia Beef Roads Program, a A$100 million (US$72 million) Australian Federal Government initiative to upgrade rural livestock logistics. The first project, which was completed recently, was the road sealing works on the Dajarra to Cloncurry road.
Oil and gas producers aren't the only ones reeling from tumbling energy prices. Clean Energy Fuels, Green Plains, and U.S. Silica are struggling too.
DUBAI—Bill Riththilertnapa ordered a $26 cappuccino topped with a sheaf of 23-karat gold with his wife and parents at the Armani Hotel here last January for one reason: Instagram. A tired, one-off food gimmick elsewhere has been taken to the extreme in Dubai and Abu Dhabi, its two biggest cities, where social media fuels a gastronomic gilded age. There are gold-flaked pizzas and gold-injected soups, gold-dusted french fries and gold-infused Bloody Marys, cakes and pies topped with gold frosting.
Palm oil can be found in food and cosmetics everywhere: in fact, half of the world’s population uses palm oil in food. But public awareness about the loss of wildlife through deforestation caused by palm oil crops is growing, and there’s mounting pressure on retailers to reduce their sales of palm oil products, or boycott…
Investing.com - Gold prices settled a touch lower on Friday on profit-taking from recent gains, but a weaker dollar and geopolitical worries still helped bullion coast to a third weekly gain.