Gold slides to 3-1/2-month low as dollar strength slams demand

Gold prices fell more than 1% on Monday to their lowest level since late January, as a stronger dollar continued to hammer demand for greenback-priced bullion.

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16-05-2022

ECB may kick off development of digital euro by end-2023, Panetta says

The European Central Bank may kick off the development of its digital euro, an electronic version of banknotes and coins, by the end of next year, ECB board member Fabio Panetta said on Monday.

newspaper

16-05-2022

JetBlue to launch tender offer for Spirit Airlines - WSJ

JetBlue Airways Corp plans to launch a hostile takeover offer for Spirit Airlines Inc, the Wall Street Journal reported on Monday, days after the ultra low-cost carrier rejected the company's $33 per share buyout proposal.

newspaper

16-05-2022

Saudi Arabia on track to hit oil output of over 13 million bpd by 2027 -minister

MANAMA (Reuters) -Saudi Arabia is on track to lift oil production capacity by more than 1 million barrels per day to over 13 million barrels bpd by the end of 2026 or start of 2027, the energy minister said on Monday.

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16-05-2022

China's thermal coal futures mute as Beijing reins in commodity inflation

Trade in China's thermal coal futures has almost come to a halt, after Beijing stepped up its control of coal prices to rein in the soaring costs of energy and raw materials.

newspaper

16-05-2022

Adani to become India's No. 2 cement maker with $10.5 billion Holcim deal

(Reuters) -Billionaire Gautam Adani's conglomerate plans to buy Switzerland-based Holcim AG's cement businesses in India for $10.5 billion, becoming the country's No. 2 cement manufacturer in its largest-ever acquisition.

newspaper

16-05-2022

Saudi Arabia on track to hit oil output over 13 million bpd by 2027, says minister

Saudi Arabia's energy minister said on Monday the kingdom was on track to increase its oil production to more than 13 million barrels per day by the end of 2026 or the beginning of 2027.

newspaper

16-05-2022

Dalian iron ore rebounds on supply woes, easing of China COVID curbs

(Reuters) -Chinese iron ore futures rose on Monday, supported by supply concerns and shrinking portside inventories of the steelmaking ingredient, while the easing of some COVID-19 curbs in the world's top steel producer also lifted trader sentiment.

newspaper

16-05-2022

Snowless Davos readies new face for World Economic Forum meeting

Movers and shakers arriving for the annual meeting of the World Economic Forum (WEF) this month can pack sandals instead of ski boots for a rare springtime version of the event in Davos, the Swiss ski resort that is Europe's highest city.

newspaper

16-05-2022