Tag: economic
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Looking North, taking chances to secure economic future – Winnipeg Free Press
[ad_1] Opinion Considering the amount of attention it gets, you might think things were booming at the Port of Churchill A group of Nordic trade officials were onsite just a couple of weeks ago. Multinational mining companies are establishing future agreements, promising to ship ore from Churchill. This week, fledgling venture Minnova Corp. signed an…
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India, UAE Ink Pact to Quickly Operationalise Crucial India-Middle East-Europe Economic Corridor
[ad_1] Last Updated: February 14, 2024, 21:01 IST Abu Dhabi, United Arab Emirates (UAE) Prime Minister Narendra Modi with UAE President Mohamed bin Zayed Al Nahyan during a meeting in Abu Dhabi, UAE. (Image: PTI) The issue of IMEC, announced during the G-20 Summit in New Delhi last September, came up for discussion during Modi’s…
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Zinc Dropped As An Economic And Demand Slowdown In China Pressured Prices.
[ad_1] Zinc faced a significant decline of -2.51%, settling at 209.85, as concerns over an economic and demand slowdown in China, the top consumer, weighed on the market ahead of an extended public holiday. The delay in production at Russia’s Ozernoye mine, the country’s largest mine, until at least the third quarter of 2024 and…
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Aluminium Dropped As Sentiment Over China’s Economic Activity Remains Clouded
[ad_1] prices closed down by 0.4%, settling at 201.7, as uncertainty looms over China’s economic activity. China’s official PMI data revealed the fourth consecutive month of contraction in factory activity, signalling ongoing challenges for the world’s second-largest economy. The lack of clear signs of a turning point in China’s economic growth has disappointed investors. Contrastingly,…
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India’s Steel Surge: Record Imports Fuel Economic Boom Amid Global Slowdown
[ad_1] India experiences a steel revolution as imports hit a five-year high, reaching 5.6 million metric tons between April and December. With a 14.8% jump in domestic steel consumption, the country emerges as a steel powerhouse, defying the slowdown seen in Europe and the United States. Industry leaders raise concerns about the impact of surging…
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Oil prices retreat on supply concerns; central banks, economic data in focus
[ad_1] Investing.com — Oil prices fell Tuesday, handing back early gains as worries over rising supply countered continued Middle East tensions. By 09:30 ET (14.30 GMT), the futures traded 0.7% lower at $74.22 a barrel and the contract dropped 0.7% to $79.44 a barrel. Crude production increases The crude benchmarks slipped lower during Tuesday’s session…
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Gold prices rise before more economic cues; Copper surges on China hopes
[ad_1] Investing.com– Gold prices advanced on Tuesday, tracking mild weakness in the dollar as traders hunkered down before a slew of key U.S. economic readings this week, although the prospect of higher-for-longer U.S. interest rates still kept gains subdued. Among industrial metals, copper prices rallied 1% on reports that the Chinese government was preparing more…
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Beijing’s Bold Ascent: Aiming for 5% Growth in 2024 Despite Economic Headwinds
[ad_1] Beijing defies economic slowdown concerns, setting an ambitious growth target of around 5% for 2024, surpassing last year’s goal. Despite challenges such as a property crisis and mounting local government debt, the capital city seeks to boost confidence, stabilize expectations, and achieve vital livelihood goals through robust economic expansion. Highlights Beijing’s Ambitious Growth Target:…
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Oil prices stabilize amid economic weakness, Red Sea conflict, iEA report
[ad_1] Investing.com — Oil prices stabilized Thursday as traders balanced concerns about global economic activity with the positive impetus coming from disruption to U.S. output and geopolitical risks in the Middle East. By 08:50 ET (13.50 GMT), the futures traded 0.1% higher at $72.56 a barrel and the contract dropped 0.2% to $77.76 a barrel. …
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Oil prices edge higher as Middle East tensions remain elevated; economic data eyed
[ad_1] Investing.com — Oil prices rose Tuesday as elevated tensions in the Middle East raised concerns that supplies through the key Red Sea region will be disrupted. By 08:55 ET (13.55 GMT), the futures traded 0.1% higher at $72.82 a barrel and the contract climbed 0.5% to $78.58 a barrel. Crude gains on Middle East…