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Trumponomics, Opec remain key commodity driversThe Bloomberg Commodity Index is currently up 12 per cent in 2016 and it remains on track to record its first year of gains since 2010. All sectors apart from agriculture are showing gains of more than 10 per cent with industrial metals on top h More… |
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G20 worried by 'modest' global growthFinancial leaders from the Group of 20 nations said on Friday they were heartened by a recent recovery in financial markets, but warned that global growth was "modest and uneven" and threatened by weakness in commodities-based economie More… |
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Commodity prices recovery seen in 6 monthsThe next six months may prove a pivotal turning point in the recovery of global commodities markets, said an industry expert. Following nine months of geo-political incidents in Europe and the Middle East, and widespread uncertain More… |
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World Bank cuts global growth outlook for this yearThe World Bank on Wednesday cut its global growth outlook for this year and urged countries to "fasten their seat belts" as they adjust to lower commodity prices and a looming rise in US interest rates. Kaushik Basu, the More… |
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Global oil and gas M&A value up 38pc to in H1A total of 299 merger and acquisition transactions were completed in the first six months of 2014 in the oil and gas industry globally, with value of $141 billion, up 38 per cent from $102 billion recorded in the first half of 2013, a report sai More… |
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Oil production cuts cause commodity price spikeLargely because of geopolitical unrest that has curtailed production from Libya, Iraq, and Iran, commodity prices have remained relatively high for the first half of the year in the Middle East, said an industry expert. “Exp More… |
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G8 frets over commodity prices, risks to growthFinance ministers from the world's richest nations warned on Saturday surging commodity prices threatened economic growth, but shrank from any talk of new controls on volatile oil and currency markets. The ministers' also used stronger lan More… |
