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Finance & Markets

India Cuts Hindustan Copper Stake as Metal Rallies to Record

India’s government is selling about a 6% stake in Hindustan Copper Ltd., capitalizing on strong domestic liquidity and record global prices of the industrial metal as it seeks to meet its annual divestment target.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Oil prices slide 2% on Iran-Oman talks to reopen Strait of Hormuz

Oil prices dropped about 2% on Wednesday, adding to the previous session’s losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway. Brent crude futures fell $1.78, or 2.0%, to $86.80 a barrel by 0027 GMT, while U.S. West Texas […]

Japan Mulls Benefits for Smaller Farmers

Tokyo, Aug. 26 (Jiji Press)--The Japanese government is considering benefits for small and midsize farmers to offset their income losses linked to a consumption tax cut scheduled for April, officials…

Oil: Prices retreat on Gulf diplomacy – ING

ING analysts Warren Patterson and Ewa Manthey note that Oil prices are under renewed downward pressure, with ICE Brent breaking below $90/bbl as talks involving Iran, Oman and Pakistan on the Strait of Hormuz and the Middle East war progress.

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