Tag Archives: Extends

FTSE extends winning run as stronger metals boost mining stocks

UK shares rose on Monday, underpinned by a rally in mining stocks on the back of firmer metals prices, building on the previous session’s three-week high and on course to post its fifth straight day of gains. The blue-chip FTSE 100 index .FTSE was up 0.1 percent at 7,262.78 points by 0955 GMT. Mining stocks .FTNMX1770 gained 1.6… Read More »

Oil extends losses as gasoline weighs down prices

Oil prices fell on Tuesday, pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut. Benchmark Brent crude LCOc1 was down 80 cents at $54.92 a barrel by 11:31 EST (1531 GMT). On Monday, the Brent futures contract closed down… Read More »

EU extends Russia sanctions over Ukraine

EU leaders have agreed to extend economic sanctions against Russia for six more months. Earlier, France and Germany complained that the Minsk peace deal for Ukraine was still not being fulfilled. Russia’s military interventions, first in Ukraine, then in Syria, were high on the EU summit agenda in Brussels. But Italy and Slovakia want sanctions, that have cost… Read More »

Iran says it will develop nuclear-powered ships after US extends sanctions

Iranian President Hassan Rouhani has ordered his officials to develop nuclear-powered ships, accusing the United States of violating last year’s international nuclear deal. World powers had agreed to lift sanctions in exchange for curbs to Iran’s nuclear programme. But Congress recently voted to extend its laws regarding sanctions on Iran. President Barack Obama is expected to sign the… Read More »

Apple Extends iPhone Production Cut for Another Quarter: Nikkei

Apple Inc will continue its reduced production of iPhones in the quarter ending June in light of sluggish sales, the Nikkei business daily reported, citing parts suppliers notified of the plan. Apple apparently does not plan to make enough of the newly launched iPhone SE model, the Nikkeireport said. The company’s shares fell 1.8 percent to $110.05. Shares… Read More »