Tag: Commodities

A cyclone, classified as “extremely severe”, has made landfall in India’s western state of Gujarat with wind speeds of up to 160km/h (100mph).Cyclone Tauktae travelled along India’s western coast, narrowly missing the city of Mumbai. At 12 people were killed and 150,000 evacuated.The navy has sent three warships to try to rescue hundreds of people…

Most major stock markets in the Gulf rose in early trade on Monday, driven by gains in the financial sector, although Qatar bucked the trend to trade lower.Saudi Arabia’s benchmark index (.TASI) gained 0.4%, with Al Rajhi Bank (1120.SE) rising 0.9% and Saudi Telecom Company (7010.SE) up 0.8%.The kingdom announced on Sunday that foreign visitors…

Iran has signed a $1.78 billion contract with Petropars Group to develop the country’s Farzad B gas field, Oil Ministry website SHANA said on Monday, after the failure of talks with Indian companies to develop the offshore site.Under the deal, the subsidiary of state-run National Iranian Oil Co (NIOC) will produce 1 billion cubic feet…

Australian shares were set to open higher on Monday, tracking a sharp rebound on Wall Street driven by tech stocks, while local miners may face pressure from weak commodity prices after China’s regulatory action on its steel producers. The local share price i…

Stephen Curry scored a game-high 46 points en route to his second NBA scoring title and Jordan Poole stalled a Memphis rally with a late 3-pointer Sunday afternoon as the Golden State Warriors held off the visiting Grizzlies 113-101 in San Francisco to claim …

If ever there was a time to want to be driving an electric car, it may have been last week — after the Colonial Pipeline cyberattack forced the company to take some of its systems offline. Fuel shortages resulting from the attack caused panic in parts of the country, with residents lining up at the…

An indigenous community in Ecuador’s Amazon region is blocking access to one of state oil company Petroecuador’s main fields in a protest over compensation, prompting the company to request help from the armed forces to deliver supplies.In a statement on Saturday, Petroecuador said the protest has left it unable to send supplies needed to maintain…

A former member of Greece’s extreme right Golden Dawn party, Ioannis Lagos, was extradited to Athens on Saturday from Brussels, where he was a member of the European parliament.EU lawmakers stripped Lagos of his immunity last month, paving the way for his arrest and extradition to Greece where he is to serve a prison sentence…

Kelly Olynyk collected 20 points, 11 assists and nine rebounds as the Houston Rockets ended a seven-game losing streak with a 122-115 win against the visiting Los Angeles Clippers on Friday night.

India reported on Saturday 326,098 new coronavirus infections over the prior 24 hours, taking its tally to 24.37 million, while deaths showed a slight fall, to 3,890.