By Tom Daly BEIJING (Reuters) – Pulp futures endured a dismal trading debut on the Shanghai Futures Exchange (ShFE) on Tuesday as a combination of weak demand and high inventory levels caused prices to plunge by the maximum permitted 10 percent. The contract for the paper-making raw material is China’s 50th commodities futures contract, Fang […]
By Christopher Johnson LONDON (Reuters) – Oil prices fell on Tuesday, depressed by record Saudi Arabian production even as the kingdom tried to persuade other exporters to agree output cuts ahead of an OPEC meeting next week. Brent crude oil (LCOc1) was down 70 cents a barrel at $59.78 by 0838 GMT, still above a […]
By Dhara Ranasinghe LONDON (Reuters) – The U.S. dollar rallied on Tuesday after U.S. President Donald Trump said that he would push ahead with tariffs on Chinese goods, fuelling concern about a Sino-U.S. trade war and boosting demand for the greenback. Sterling was weaker (EURGBP=) across the board after Trump said on Monday the agreement […]
