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Global Coffee Prices Fall After Trump Cancels Tariffs on Brazil
Read MoreSyria Officially Returns to the SWIFT System
Read MoreEgypt buys 80 LNG shipments from US 'Hartree Partners' for 4 billion dollar...
Read MoreGold price heading for slight weekly loss as interest rate cut chances fade
Read MoreSlight Decline in Gold Prices with Rising Dollar
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China Continues to Lead the Global Scene in Base Metals
SadaNews - A clearer picture is now emerging regarding Beijing’s plans to ease restrictions on the export of rare earth metals and other base metals following the meeting between Presidents Donald Trump and Xi Jinping in October in Busan, South Korea.
The pressure seems to have eased curren...
Global Coffee Prices Fall After Trump Cancels Tariffs on Brazil
Economy SadaNews - Global coffee prices have fallen after U.S. President Donald Trump canceled a 40% tariff on imports of Brazilian agricultural products, including coffee and cocoa, in response to increasing concern among American consumers about rising food costs.
A Reuters/Ipsos poll showed that...
Syria Officially Returns to the SWIFT System
SadaNews Economy - Central Bank of Syria Governor Abdul Qadir Al-Hosari stated that the bank sent its first "SWIFT" message to the Federal Reserve Bank in New York on Thursday.
Reuters quoted Al-Hosari as saying, "We sent a greeting (message) to all international correspondent banks. We started wit...
Egypt buys 80 LNG shipments from US 'Hartree Partners' for 4 billion dollars
Economie Sada - Egypt has agreed to purchase approximately 80 shipments of liquefied natural gas from the American company "Hartree Partners" for a value of 4 billion dollars, with shipments set to begin in January, according to an Egyptian government official speaking to "Asharq"...
Gold price heading for slight weekly loss as interest rate cut chances fade
SadaNews - The gold price is heading toward a slight weekly decline, after the latest US jobs report showed mixed signals that were not sufficient to push the Federal Reserve toward a rate cut.
The price of the precious metal dropped to about $4,037 an ounce on Friday, down approximately 0.5% for t...
Slight Decline in Gold Prices with Rising Dollar
SadaNews Economy - Gold prices have slightly decreased during trading on Thursday, November 20, amid a rising dollar and reduced bets on a Federal Reserve interest rate cut next month.
In terms of trading, the price of gold futures fell to $4,066.60 per ounce.
The dollar index has risen to its hig...
Major Arms Deal South Korea Aims for with UAE Worth $15 Billion
SadaNews - South Korea is working to enhance its relationships with buyers in the Middle East as part of its efforts to secure potential arms contracts worth up to $15 billion in the UAE, benefiting from its successes in Europe to establish its reputation as a reliable arms supplier.
South Korean P...
Oil Prices Decline Amid Concerns of Oversupply
SadaNews - Oil prices fell on Wednesday after a report from the sector showed an increase in crude and fuel inventories in the United States, the world's largest oil consumer, which heightened growing concerns that supply exceeds demand in the market.
Brent crude futures dropped by 0.2% to $64.76 a...
Gold Rises Amid Anticipation of Fed Minutes and US Jobs Report
SadaNews Economy - Gold prices shifted to rise on Wednesday as investors awaited the minutes of the Federal Reserve's last meeting and the US jobs report, which may provide additional indicators regarding the future path of interest rates.
Gold rose in spot transactions by 0.6% to $4094.67 per ounc...
China Begins Promoting Sovereign Bonds to Raise Approximately 4 Billion Euros
SadaNews - China has started promoting euro-denominated sovereign bonds to raise up to 4 billion euros ($4.6 billion), according to a person familiar with the matter, just days after a strong demand for dollar-denominated bonds was introduced.
The Ministry of Finance is looking to price the four-ye...
China Boosts Its Reserves with 15 Tons of Gold in September
SadaNews - China added an estimated 15 tons of gold to its foreign exchange reserves in September, as central bank purchases of the precious metal accelerated following a seasonal lull during the summer, according to Goldman Sachs.
Analysts, including Lena Thomas, estimated that total central bank...
Stability of Oil Prices Amid Geopolitical Risks
SadaNews - Oil prices stabilized as investors assess the impact of a potential supply surplus against U.S. sanctions on Russia that have disrupted some crude flows.
Brent crude traded near $64 a barrel after a slight loss in the previous session, while West Texas Intermediate crude was below $60....