Recent Posts

Oil falls on OPEC, US stocks slip amid global growth concern

  BLOOMBERG Global stocks slid to a six-week low and commodities fell as markets braced for the possibility that the Federal Reserve will raise interest rates as soon as next month. A gauge of the dollar’s strength stood at a seven-week high. Oil fell as OPEC members agreed to stick to the policy of unfettered production, while European stocks and ...

Read More »

The deepening deficit that makes Zinc one of 2016’s top bets

  Bloomberg The Chinese smelters that churn out more than 40 percent of the world’s zinc may cut production for the first time in four years because they can’t get enough raw material, further lifting prices of one of this year’s strongest-performing commodities. Zinc, used for rustproofing steel in everything from auto bodies to suspension bridges, has surged as much ...

Read More »

Gulf mixed before OPEC meeting; Egypt’s Cleopatra lists

  DUBAI / Reuters Gulf stock markets were mixed before an OPEC meeting on Thursday to discuss coordinated action among oil producers to support prices. Egypt’s market rose as a newly listed healthcare stock performed strongly. Riyadh’s stock index added 0.5 percent with support from some petrochemical shares as Brent oil held near $50 a barrel. Saudi Basic Industries climbed ...

Read More »
Send this to a friend