Russian firms raise zinc output to meet government demand, sources say
By Polina Devitt and Pratima Desai LONDON (Reuters) – Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and reduce reliance on…
Oil prices steady after large US crude inventory draw
By Arunima Kumar (Reuters) -Oil prices steadied on Wednesday after trading higher as industry data showed a bigger-than-expected draw in U.S. crude stockpiles, with gains capped by economic headwinds from…
Morning Bid: New records as jobs scanned, Tesla jumps
(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets…
Americans look past fuel cost, bad weather to set July Fourth travel record
By Shariq Khan NEW YORK (Reuters) – High fuel costs and the threat of a hurricane are not expected to dampen Americans’ desire to hit the road this summer, with…
Yen slides to fresh lows, market ‘challenges’ Japan authorities to act
By Kevin Buckland and Amanda Cooper TOKYO/LONDON (Reuters) -The yen hit a fresh 38-year trough against the dollar and a record low to the euro on Wednesday, as the currency…
Dollar slips after dovish Powell speech; euro gains ahead of French vote
Investing.com – The U.S. dollar retreated in early European trade Wednesday after Federal Reserve Chair Jerome Powell flagged progress towards bringing down inflation, while the euro edged higher ahead of…
Rupee to trade in narrowest range in about 30 years on RBI’s actions: Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Indian rupee will trade within the narrowest range in nearly three decades over the coming year as the Reserve Bank of India (RBI)…
Yen slides to fresh lows as Japan authorities stick to sidelines
By Kevin Buckland TOKYO (Reuters) – The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing…
Gold prices gain some ground as dollar falls on rate cut hopes
Investing.com– Gold prices rose in Asian trade on Wednesday, seeing some relief as the dollar retreated on some positive comments from Federal Reserve Chair Jerome Powell. But the yellow metal…
Oil rises on US crude inventory draw, Mideast tensions
By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on…
