By Ashitha Shivaprasad
(Reuters) - Gold prices firmed on Friday, poised for their best week since April 5, following recent economic data that boosted bets of an interest rate cut from the Federal Reserve.
Spot gold gained 0.2% at $2,350.87 per ounce by 0212 GMT after hitting a more than two-week high earlier. Prices have risen 2.2% so far this week.
U.S. gold futures rose 0.7% to $2,356.90.
Data on Thursday... (continue reading...)
By Ankur Banerjee
SINGAPORE (Reuters) - Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data.
Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate... (continue reading...)
(Reuters) - Russia's President Vladimir Putin proposed that Mikhail Mishustin, the former prime minister, continues chairing the Russian government in Putin's new presidential term, the speaker of the country's lower house of parliament said on Friday.
(Reporting by Lidia Kelly in Melbourne; Editing by Jacqueline Wong)
MANILA (Reuters) - Numerous countries including the United States and China have expressed interest in collaborating with the Philippines for mining opportunities particularly in nickel, its environment minister said on Friday.
Maria Antonia Yulo-Loyzaga in a speech said the Philippines should enhance its nickel processing capacity, a key component for the production of batteries in electric vehicles. She said Australia, Britain, Canada and European... (continue reading...)
BEIJING (Reuters) - Erratic rainfall in China's southwest is frustrating a multibillion-dollar push to green an aluminium industry that accounts for almost 60% of global output and, by some estimates, emits more carbon dioxide than Australia.
Lured by official promises of cheap hydropower, China Hongqiao Group and a handful of other coal-reliant smelters several years ago began moving 6.56 million metric tons of capacity - about 15% of China's total -... (continue reading...)
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