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On Monday, oil prices jumped nearly 3%, hitting a week’s peak. The market reacted to the expected spike in summer fuel demand.
This uptick occurs amidst a robust U.S. dollar and the Federal Reserve’s signal to keep interest rates high for longer.
Throughout 2022 and 2023, the Fed tackled inflation by hiking rates. High rates have since lifted
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Read more: Oil Prices Climb Nearly 3% Amid Anticipated Demand Increase
Write comment (100 Comments)This week, global markets responded as China's central bank stopped its routine gold buying, indicating an end to a notable acquiring period.Concurrently, natural gas traders brace for prospective disturbances. This Wednesday, the U.S. Department of Agriculture (USDA) is set to launch new supply and need estimates.These are likely to impact
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Read more: Commodity Watch: Vital Insights into Gold, Corn, and Oil Markets
Write comment (99 Comments)Ukraine’s grain production is set to decline by 12% in 2024, totaling 52.76 million tons, almost matching the Ukrainian Ministry of Agriculture’s estimate of 52.4 million tons.
The expected yield includes 19.99 million tons of wheat, 26.77 million tons of corn, and 4.51 million tons of barley, as reported by APK-Inform.
This downturn is primarily
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Read more: War and Weather: Ukraine’s Grain Output Faces a Harsh Reality in 2024
Write comment (99 Comments)In the heart of Africa, the Central African Republic (CAR) has actually stopped operations at Daqing SARL, a Chinese mining firm.The federal government accuses the company of major infractions: conspiring with militias, harboring unauthorized foreigners, evading taxes, and stopping working to report their activities.Daqing SARL's activities focused around gold and diamond e
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Read more: Resource Wars and Economic Reforms in Central Africa
Write comment (92 Comments)On September 3, 2024, TAP Air Portugal will begin flying to Florianópolis, a strategic relocation into the capital of Santa Catarina, Brazil.The airline company is setting up three weekly direct flights from Lisbon to HercÃlio Luz International Airport.This effort positions Florianópolis as TAP's twelfth Brazilian location and strengthens the air link be
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Read more: [Brazil] - TAP Air Portugal Expands to Florianópolis with New Flights
Write comment (91 Comments)The calm of Monday masks a week fraught with global economic tension. Ibovespa closed flat, down 0.01% at 120,759.51, despite earlier gains. Market watchers had braced for such volatility.Leonel Mattos of StoneX observed that the market sought balance after Friday's unsettling U.S. jobs data.Brazilian markets at first reeled from potentially
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Read more: [Brazil] - Ibovespa Stalls Amid Global Financial Uncertainty
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