Business and Financial News



MELBOURNE, June 18 (Reuters) - ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.

BENGALURU, June 18 (Reuters) - Gold prices inched higher early Monday after falling to a 5-1/2-month low in the previous session, as a trade dispute between the two largest world economies triggered safe-haven buying. FUNDAMENTALS * Spot gold had edged up 0.2 percent to $1,281.41 per ounce by 0045 GMT. It touched its weakest since late-December at $1,275.01 an ounce on Friday. * U.S. gold futures for August delivery were up 0.4 percent at $1,284.10 per ounc

Oil prices fell further on Monday, pulled down by an expectation that OPEC and its allies will increase supplies.

TOKYO (Reuters) - Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

TOKYO, June 18 (Reuters) - Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

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