Bausch + Lomb prices IPO below target range, raises $630 mln

Bausch + Lomb prices IPO below target range, raises $630 mln

NEW YORK — Eye-care company Bausch + Lomb Corp on Thursday priced its initial public offering (IPO) well below its target range and raised $630 million. The company priced 35 million shares at $18 per share, compared with its previously set price range of $21 to $24 apiece…

U.S. gasoline prices soar to highest since 2008 on Russia conflict -AAA

U.S. gasoline prices soar to highest since 2008 on Russia conflict -AAA

U.S. gasoline prices jumped 11% over the past week to the highest since 2008 as global sanctions cripple Russia’s ability to export crude oil after its invasion of Ukraine, automobile club AAA said on Sunday. AAA said average U.S. regular grade gasoline prices hit $4.009 per gallon on Sunday…

China’s Jan new home prices rise for first time m/m since Sept

China’s Jan new home prices rise for first time m/m since Sept

China’s Jan new home prices rise for first time m/m since Sept

Copper prices edge higher as Russia-Ukraine tensions ease

Copper prices edge higher as Russia-Ukraine tensions ease

Copper prices firmed on Wednesday as easing fears of a Russian invasion of Ukraine boosted risk appetite, with investors closely watching the release of the Federal Reserve’s January policy meeting minutes for clues on the roadmap for rate hikes. Three-month copper on the London Metal Exchange (LME) was up 0.2% at $9,986 a tonne…

Palm oil prices to stay high as fertilizer costs limit output – CPOPC

Palm oil prices to stay high as fertilizer costs limit output – CPOPC

KUALA LUMPUR — Palm prices are expected to stay strong next year as production will remain constrained due to soaring fertilizer costs and long-standing labor shortages, the Council of Palm Oil Producing Countries (CPOPC) said on Thursday. The sector, which is already facing sluggish yields after farmers reduced fertilizer usage in 2018 and 2019…

Oil CEOs Warn That High Prices Jeopardize Energy Transition

Oil CEOs Warn That High Prices Jeopardize Energy Transition

Bloomberg) — High fossil-fuel prices may jeopardize efforts to pivot to cleaner renewable energy sources, the leader of one of Europe’s largest oil companies warned. A prolonged period of elevated prices for fuels such as natural gas “might jeopardize the development” of alternatives, TotalEnergies SE Chief Executive Officer Patrick Pouyanne told the World Petroleum Congress…

Copper prices climb on weak U.S. inflation

Copper prices climb on weak U.S. inflation

LONDON — Copper firmed on Wednesday as the dollar dipped on lower-than-expected U.S. inflation figures that softened expectations for stimulus to be tapered soon, while aluminum was powered by further cuts to production in China. Three-month copper on the London Metal Exchange (LME) rose for the first time this week, climbing 1.7% to $9,601 per…

Oil prices slip, rebound runs out of steam on demand worries

Oil prices slip, rebound runs out of steam on demand worries

SINGAPORE — Crude oil prices reversed course after an early bounce on Tuesday, as concerns over coronavirus curbs combined with slowing factory activity in key markets weighed on sentiment. Brent crude oil futures shed 5 cents, or 0.1%, to $72.84 a barrel, as of 0309 GMT. U.S. West Texas Intermediate (WTI) crude was down 8…

China’s new home prices grow slightly in May

China’s new home prices grow slightly in May

China’s new home prices grow slightly in May

Fuel prices hiked again across metros, petrol crosses Rs 93 in Delhi

Fuel prices hiked again across metros, petrol crosses Rs 93 in Delhi

After a gap of two days, petrol and diesel prices again witnessed a minor hike across the metros on Friday

Gold prices ease off 2-month peak on firm dollar, Powell’s comments

Gold prices ease off 2-month peak on firm dollar, Powell’s comments

Gold prices edged lower on Tuesday, after hitting a more than two-month high in the previous session, as a stronger dollar and optimistic comments from U.S. Federal Reserve Chairman Jerome Powell on the economy weighed on the metal’s safe-haven appeal. FUNDAMENTALS * Spot gold was down 0.2% at $1,789.02 per ounce by 0131 GMT. The…