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Reports about the upcoming talks between the US and China, proposed by the American side, pushed prices for copper and other metals to growth in Europe on Thursday, according to Dow Jones. On the London Metal Exchange, copper futures for delivery in 3 months rose in price by 0.8% to 6 thousand 49.5 dollars per metric ton. Gold rose in price by 0.1% to 1 thousand 211.5 dollars per troy ounce. Recently, the metals market has expressed concern about the trade conflict between the US and China, which accounts for about half of the world's demand for copper. Against this background, copper prices have decreased by 16% since the beginning of the year. Other non-ferrous metals, which main consumer is also China, on Thursday also showed a slight increase.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
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