World stock markets opened higher on Monday (Feb. 20) as investors were cheered by news of a possible summit over Ukraine between the United States and Russia. A decision on the summit will be taken after the foreign ministers of Russia and the US talk later this week. “President Biden accepted in principle a meeting with President Putin following that engagement, again,
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Egypt, one of the top wheat importers in the world, is not concerned by market disruptions as the Arab country benefits from a diverse pool of suppliers, the Ministry of Supply and Internal Trade told Reuters in a statement. “Our tender book includes 16 wheat import origins, which provides us with flexibility when it comes to managing the country’s needs for imported
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India’s mineral production rose by 16 per cent year-on-year during the April-December period of the current financial year, provisional statistics of the Indian Bureau of Mines (IBM) showed on Wednesday (Feb. 16). The index of mineral production of mining and quarrying sector for the month of December 2021 stood at 120.3, higher by 2.6 percent compared to the level in the month
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Asian Pacific stocks finished in deep positive territory on Wednesday (Feb. 16), on the back of positive global cues amid signs of a de-escalation in Ukraine tensions. A day earlier, the Russian defence ministry said its forces were starting to return to base after completing exercises in the southern and western military districts near Ukraine. Later, United States President Joe Biden stated
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Wall Street traders breathed a sigh of relief on Tuesday (Feb. 15) thanks to a relaxation of Ukraine tensions. The Dow Jones Industrial Average snapped a 3-day losing streak, opening 0.88% or 303 points higher, after Russia said some of its troops were returning to base after exercises near Ukraine and stressed the need for continued dialogue on security. Russian Foreign Minister
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European stocks were sharply lower on Monday (Feb. 14) as investors continued to track tensions in Ukraine which sparked nervousness at the start of the week. The pan European Stoxx 600 dropped 1.99% in early afternoon while Germany’s DAX plunged 2.10% and U.K.’s premier FTSE 100 index was off 1.86%. Banks led the losses. Commerzbank sank 4% after Germany’s finance minister told Handelsblatt
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Iron ore with 63.5% iron content was quoted at around $140 a tonne for delivery at Tianjin, easing from a five-month high of $146 after Chinese authorities pledged to strengthen market supervision. The National Development and Reform Commission (NDRC) and the State Administration for Market Regulation had said there was speculation in iron ore trading and warned in a statement iron ore information
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