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Copper Heads for Biggest Weekly Gain Since February

LONDON, April 16 Reuters Copper was on track for its biggest weekly rise in two months on Friday after solid U.S. and Chinese economic data pushed global stock markets to near record highs and several investment banks predicted higher prices for the metal. However the numbers from China, the biggest consumer of metals, were a […]
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Gold Prices Rise, Head for Best Weekly Gain in a Month

Gold futures headed higher Friday morning for a second straight day, putting bullion on track for the sharpest weekly rise in about a month. The precious metal was benefiting from benchmark bond yields receding, weakness in the U.S. dollar, and a pullback in bitcoin, one of the assets seen competing against safe haven gold. June gold was trading […]
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Russian Rouble Claws Back Ground Lost after U.S. Sanctions

MOSCOW, April 16 Reuters The rouble strengthened past 76 versus the dollar on Friday, clawing back losses sustained in the previous session when the United States announced fresh sanctions against Moscow, including curbs to Russias sovereign debt. By 1147 GMT, the rouble was 0.5 stronger against the dollar at 75.93, earlier gaining over 1 to […]
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Orsted Makes 631M Onshore Wind Acquisition in Ireland

Renewable energy group Orsted has agreed to buy Brookfield Renewables Ireland and UK onshore wind business, its first step into Europes onshore wind market, in a deal valued at 571 million euros 683 million. Brookfield Renewable Ireland BRI, headquartered in Cork, develops and operates onshore wind farms in Ireland and the United Kingdom. It has […]
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Oil Climbs to FourWeek High on Strong China Data

Oil prices extended gains on Friday and were on course for a weekly gain of about 7 with an improved oil demand outlook and strong economic recoveries in China and the United States offsetting concerns about spikes in COVID19 infections. Brent crude futures rose 30 cents, or 0.5, to 67.24 a barrel at 0551 GMT, […]
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EU Carbon Market Emissions Fell 13.3 in 2020 EU Commission

Greenhouse gas emissions regulated under Europe39;s carbon market fell by 13.3 last year, with those from the airlines sector down by almost twothirds, the European Commission said late on Thursday. Around 40 of the European Union39;s output of greenhouse gases is regulated by the Emissions Trading System ETS, the bloc39;s flagship policy for tackling global […]
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