Oil Slips again on Demand Concerns, Possible End to Libya Row

LONDON, Sept 4 Reuters Oil prices fell slightly on Wednesday, hovering at their lowest levels since December after plunging more than 4 the previous day on signs of a weak global economy, lacklustre oil demand, and expectations of an end to a dispute halting Libyan exports. The oil price decline came during a broader selloff in world […]
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Sterling Steady after Upbeat UK Services Sector Data

Sept 4 Reuters Sterling held steady on Wednesday after a survey showed Britain39;s services activity grew last month at the fastest pace since April, adding to signs of momentum in the economy. The pound was flat at 1.3115, hovering near a twoweek low touched in the prior session. The currency has eased somewhat after a […]
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LME Seeks to Boost Electronic Trading, Guard Physical Deals

LONDON, Sept 4 Reuters The London Metal Exchange unveiled a set of proposed measures on Wednesday designed to boost electronic trading while also protecting its complex structure used for deals in physical metal. The measures attempt to navigate a recurring tension between traditional physical users on the LME39;s openoutcry trading floor and the financial community […]
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Gold Holds Steady as Traders Brace for US Payrolls Data

U.S. manufacturing contracts at moderate pace in August Gold likely to scale new highs in longer term analyst Bullion up 21 so far this year Sept 4 Reuters Gold prices held steady on Wednesday as investors braced for a monthly U.S. payrolls report that could influence how swiftly and deeply the Federal Reserve cuts interest […]
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Foreigners Retreat from Asian Equities on Doubt over Tech Valuations

Sept 4 Reuters Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI investments. According to LSEG data, foreigners sold a net 3.8 billion worth of regional shares in South Korea, India, Taiwan, Indonesia, Vietnam, Thailand, and the Philippines last month, […]
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