Archive for the February 8, 2019
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The euro fell to a two-week low on Thursday after the European Commission sharply cut its forecasts for economic growth in the euro zone. Global trade tensions and growing public debt are hastening a slowdown
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Central European currencies set multi-week lows as three of the region's central banks which meet on Thursday were seen keeping rates on hold, while the dollar extended its gains. Dollar buying often weighs on these
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A key barometer of interbank borrowing costs recorded its biggest single-day fall on Thursday to its lowest level since late November amid bets that the US Federal Reserve might lower interest rates. The London interbank
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Sterling advanced on Thursday in a volatile trading session after the Bank of England said Britain faced its weakest economic growth in a decade due to uncertainty about Brexit. Having fallen more than half a
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On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,637. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.677 billion and the number of lots traded 8,199. Major
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Chicago Board of Trade corn futures ended higher on Tuesday as traders squared positions ahead of a series of major government crop reports due for release on Friday, traders said. CBOT March corn was up
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Natural gas transactions in the Shanghai Petroleum and Natural Gas Exchange (SHPGX) reached a record high last year in part due to China's huge demand for clean energy. The volume of natural gas traded in
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European wheat futures in Paris fell on Tuesday, undermined by weakness in Chicago and doubts over whether the hoped-for upturn in western European exports will materialise. March milling wheat, the most active contract on the
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India's tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world's biggest black tea producer by 1.1 percent, the state-run Tea Board said on
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Global trader Glencore said on Wednesday that production at two of its Australian coal operations has been affected by heavy rain that has caused flooding in northern parts of Queensland state. "We have experienced short-term
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