Archive of February 2016

EU wheat supported by euro fall, Saudi purchase

PARIS: European wheat prices edged higher on Monday, mainly supported by a fall in the euro against the dollar and fresh demand although hefty supplies...

Global government debt to keep rising in 2016: S&P

LONDON: The United States, China, Brazil and India are expected to keep world government debt rising this year, Standard and Poor's said on Monday, despite...

Brazil's economy probably contracted 3.8pc in 2015

BRASILIA: Brazil's economy likely shrank in 2015 at its steepest rate in 25 years, a Reuters poll showed on Monday, with a sharp drop in...

US Fed awards $94.12bn reverse repos

NEW YORK: The Federal Reserve on Monday awarded $94.12 billion of one-day, fixed-rate reverse repurchase agreements to 51 bidders at an interest rate of 0.25...

C$ rally rattles some exporters, but further gains seen limited

TORONTO: The Canadian dollar's jump to a 12-week high has threatened to break its longer-term bearish trend and worried some unhedged exporters, but strategists said...

Raw sugar soars ahead of expiry, London options lift cocoa

NEW YORK/LONDON: Raw sugar prices on ICE surged in a late-day rally on technical buy signals on Monday, with the spot contract jumping to a...

Corn sags for fifth straight session on lackluster demand

CHICAGO: Chicago Board of Trade corn futures headed lower on Monday for a fifth straight session, retreating from early advances as concerns over weak demand...

Stocks lower as early gains fade; oil higher

NEW YORK: A gauge of global equity stocks turned lower on Monday as oil prices pulled back from earlier highs and investors took profits on...

Yen gains on G20 disappointment, dollar climbs against euro

NEW YORK: The Japanese yen rose broadly on Monday as investors sought safety after a statement from the Group of 20 countries offered no concrete...

US pending home sales hit 1-year low; manufacturing weak

WASHINGTON: Contracts to buy previously owned US homes fell to their lowest level in a year in January amid a persistent shortage of properties for...