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Reuters

With G7 summit stop first, Biden embarks on 8-day Europe trip
World

With G7 summit stop first, Biden embarks on 8-day Europe trip

  • "Will the democratic alliances and institutions that shaped so much of the last century prove their capacity against modern-day threats and adversaries? I believe the answer is yes. And this week in Europe, we have the chance to prove it."
Published 09 Jun, 2021 06:38pm
Copper slips as Chinese factory gate prices surge
Markets

Copper slips as Chinese factory gate prices surge

  • Benchmark copper on the London Metal Exchange (LME) was down 0.6% at $9,904.50 a tonne in official trading, off a record high of $10,747.50 reached on May 10.
  • Chinese Yangshan copper import premiums fell to $26, the lowest in at least 9 years, pointing to weak demand for overseas metal.
Published 09 Jun, 2021 06:31pm
Corn eases as weather outlook, USDA data eyed
Markets

Corn eases as weather outlook, USDA data eyed

  • Corn retreats after rallying on fears of hot, dry conditions.
  • Some forecasts show wider rainfall, easing heat next week.
  • Investors also adjust positions before USDA crop report.
  • Wheat, soybeans fall
Published 09 Jun, 2021 06:23pm
Indian shares slip from record peaks as Reliance drags
Markets

Indian shares slip from record peaks as Reliance drags

  • The blue-chip NSE Nifty 50 index closed 0.67% lower at 15,635.35 after earlier hitting an all-time high, while the benchmark S&P BSE Sensex fell 0.64% to 51,941.64.
  • The Nifty Bank index slipped 0.8% to its lowest in nearly two weeks.
Published 09 Jun, 2021 06:20pm
Malaysia's KLK offers $372mn for majority stake in IJM Plantations
Markets

Malaysia's KLK offers $372mn for majority stake in IJM Plantations

  • IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering to acquire its 56.2% equity holding at 3.10 ringgit per share.
  • The offer, at a 26% premium to IJM Plantations' last traded share price of 2.46 ringgit, values the palm oil producer at 2.73 billion ringgit.
Updated 09 Jun, 2021 06:19pm