Reuters
Melbourne
London copper lifted away from 2-1/2 month lows on Tuesday, led by firm oil prices and brighter company earnings, while investors looked for further Chinese measures to cement a recovery after tepid economic growth in April.
A rebound in technology giant Apple Corp and oil price gains boosted Wall Street, helping to sooth sentiment that had been damaged after Chinese data for April fuelled doubts about the economy´s health.
China will push forward supply-side reform and increase the number of middle-income earners, state television quoted President Xi Jinping as saying on Monday.
"Evidence suggests that while the economy slowed in April, China´s government will continue to stabilise growth by boosting investment demand in infrastructure and real estate in Q2," Standard Chartered said in a note. "Both infrastructure and property investment continue to grow strongly, with no indication of a loss of momentum in these two key channels of metals demand.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards
