Indian soyaoil futures continued to lose on higher domestic supplies on Wednesday, while wheat eased marginally with rains in some growing regions as farmers step up sowing.
Raw sugar futures in New York ended lower on Tuesday as producer selling emerged near the top of the range, with further losses expected in the near term, sources said.
The Chicago Board of Trade soyabean market ended higher on Tuesday, getting a boost from the rally in corn, traders said. Soyabeans "were just followers," one CBOT trader said. November soyabeans closed 5-1/2 cents higher at $6.54-3/4 and January soya was
Chicago Board of Trade rough rice futures closed steady on Tuesday after a lightly traded session, floor traders said. "It was a slow day. There wasn't much to get the market moving one way or the other," said one rice broker. November rice closed unchang
Bangladesh's Deshbandhu Sugar Mills Ltd (DSML), a private refiner, said on Wednesday it was importing 20,000 tonnes of raw sugar from Brazil, for expected delivery by the middle of this month.
Japanese rubber futures fell in trade on Wednesday to the key support of 210.0 yen with physical demand thin and poor sentiment towards futures prices. But traders said they did not expect that support level to hold.
Malaysian crude palm oil futures closed lower on Wednesday as players took gains from a recent rally that lifted prices to two-year highs. "The uptrend seems to be over for the time being," said one dealer. "The market will test lower levels."
California voters rejected a ballot measure to tax state oil production and fund the development of alternative energy after one of the most expensive referendum campaigns in US history, according to results early on Wednesday.
Democrats who seized power in the US House of Representatives from President George W. Bush's Republican Party may engineer a higher minimum wage for Americans but not a sweeping makeover in economic policy-making, analysts said.
German exports leapt by 6.6 percent on the month in September, their fastest increase in more than four years, underlining the strength of growth in Europe's largest economy in the third quarter.
McDonald's Corp on Wednesday said sales at its hamburger restaurants open at least 13 months rose 5.5 percent in October, thanks to a popular Monopoly promotion in the United States. Three Wall Street analysts had forecast increases of 4.6 percent to 5.5
McDonald's Corp on Wednesday said sales at its hamburger restaurants open at least 13 months rose 5.5 percent in October, thanks to a popular Monopoly promotion in the United States. Three Wall Street analysts had forecast increases of 4.6 percent to 5.5
Georgia rejected a compromise deal with the Russian gas monopoly Gazprom on Wednesday, leaving it with the prospect of either paying twice the price for Russian fuel or having supplies cut off.
The chairman of eurozone finance ministers said on Wednesday the European Central Bank (ECB) was seeking to raise interest rates to neutral did not know where this level was.
Entertainment giant Time Warner Inc, which opened its first joint venture cinema in China four years ago, has decided to pull out of the business after Beijing tightened restrictions on foreign investors.
Airbus parent EADS swung to a third-quarter operating loss after delays to the A380 superjumbo programme that have scared off major customer FedEx led to 1 billion euros ($1.28 billion) in charges.
Airbus parent EADS swung to a third-quarter operating loss after delays to the A380 superjumbo programme that have scared off major customer FedEx led to 1 billion euros ($1.28 billion) in charges.
China on Wednesday posted a record trade surplus of $23.83 billion for October, handing policy makers a major headache and raising the prospect of even greater pressure on Beijing to let the yuan rise faster.
Asia offers hedge fund managers better opportunities to generate returns than more developed markets, but is short on the tools that would help them smooth volatility, industry players said on Wednesday.
Asia offers hedge fund managers better opportunities to generate returns than more developed markets, but is short on the tools that would help them smooth volatility, industry players said on Wednesday.
Saudi Arabia and its Gulf neighbours assessed the impact of Opec's recently agreed 1.2 million barrels per day output cut on Wednesday and whether a further reduction will be needed before year end. Officials dismissed a US government agency report Opec w
South Korea Wednesday named US aerospace giant Boeing as winner of a 1.6 billion dollar deal to provide four AWACS early warning aircraft, officials said.
Google Inc Chief Executive Eric Schmidt on Tuesday denied a widely circulated rumour that his company had set aside $500 million to settle copyright claims by media companies as part of its deal to acquire video-sharing site YouTube Inc.
Dubai government-owned Emirates, the largest Arab airline, said on Wednesday it will start offering passengers mobile phone services on long-haul flights from January 1. Britain-based AeroMobile will provide the technology, a spokeswoman for Emirates said
France Telecom said on Wednesday that Orange Business Services, its corporate services unit, and Hewlett-Packard had together won a 210-million-euro ($268.3 million) contract with the European Commission.
France's telecoms watchdog Arcep on Wednesday called for operators to co-operate and share the burden of investing in next-generation super fast networks connecting buildings in urban areas with fibre-optic cables.
Taiwan shares ended down 0.09 percent on Wednesday, but construction shares such as Highwealth rose as investors moved to traditional shares after a rally the previous session.
Malaysian share prices closed 0.39 percent higher on Wednesday in mixed trade with gains pared back by late profit-taking, dealers said. However, the key index remained above the 1,000-point benchmark, driven by gains on the back of a rally on Wall Street
Hong Kong stocks fell 0.7 percent on Wednesday, halting five straight sessions of record closes, as investors sold China Mobile after a string of fresh six-year peaks and more talk of a share placement.
US stocks rallied on Tuesday, pushing the Dow Jones industrial average to a fresh all-time high as investors bet midterm elections would leave Congress gridlocked, maintaining the status quo for doing business.
Indian share prices fell 0.64 percent on Wednesday on fears that a resurgence by the Democrats in US mid-term elections could mean less market-friendly economic policies, dealers said.
US government debt prices rose on Tuesday as a rush of unsettling news from home builders bolstered the view that the housing downturn will continue to weaken economic growth.
US government debt prices rose on Tuesday as a rush of unsettling news from home builders bolstered the view that the housing downturn will continue to weaken economic growth.
Jakarta share prices closed 0.49 percent lower on Wednesday amid profit taking in big caps like Telkom and Astra International after the benchmark posted nine successive record closes, dealers said.
Singapore share prices closed 0.51 percent lower on Wednesday in a technical pullback from record highs, dealers said. The Straits Times Index closed down 13.92 points at 2,735.30 on volume of 1.56 billion shares worth 1.43 billion dollars (917 million US
Thai share prices closed flat on Wednesday as investors opted to stay on the sidelines to await final outcomes from elections in the United States, dealers said.
The Nikkei average fell 1.08 percent on Wednesday to its lowest close in a month as Softbank Corp fell ahead of announcing its latest earnings while investors sold stocks amid caution ahead of the final outcome of US midterm elections.
Philippines share prices shrugged off a strong performance by Wall Street overnight and closed 1.34 percent lower on Wednesday on profit-taking in blue chips after recent gains, dealers said.
The Swiss franc was largely flat against major currencies on Wednesday as investors awaited the outcome of a close battle for the US Senate after the Democrats gained power in the House of Representatives.
The yuan closed on Wednesday at its highest level since the July 2005 revaluation as dealers said the market believed the central bank was encouraging a slightly faster pace of yuan appreciation.
The Australian dollar fell on Wednesday as comments from the Reserve Bank of Australia after it raised interest rates cast doubt on speculation of another increase in rates by the end of the first quarter of next year.
The dollar stalled on Wednesday near a six-week low against the euro as traders waited for the outcome of a tightly fought battle for the US Senate after the Democrats gained power in the House of Representatives.
The dollar weakened on Tuesday, but pared losses late in the afternoon after dropping to six-week lows against the euro earlier, as traders grew cautious about the results of the US midterm elections.
The Hong Kong dollar was trapped in a narrow range on Wednesday, consolidating after the currency hit a two-week low the previous day. The currency was trading at 7.7853/55 against the US dollar, compared with Tuesday's close of 7.7852/56, after shuffling
The Indian rupee ended marginally stronger near seven-month highs on Wednesday helped by the dollar's weakness against most currencies, but demand from importers and suspected central bank intervention checked gains.
Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.00/69.99 (previous 68.00/69.55). Call Money Rates: 6.50-10.00 percent (previous 6.40-10.00 percent).
Sustained portfolio inflows underpinned most Asian currencies on Wednesday, led by a jump in the South Korean won due to a local stock market rally and expectations of a weaker dollar fanned by US elections.
Pakistan fast bowler Shoaib Akhtar has filed an appeal against his two-year ban for doping. "We have received Shoaib's appeal today which was the last date for filing appeals," a PCB official told Reuters on Wednesday.
Pakistan cricket coach Bob Woolmer is out to spoil West Indies' skipper Brian Lara's last tour of the country by winning the upcoming Test series. Woolmer recalled Wednesday how Lara joked with him before West Indies upstaged South Africa in the quarter-f
Pakistan is proposing to play a one-day international in England next year to make up for revenue lost by the England and Wales Cricket Board (ECB) during the Oval Test in August.
Australia cricket captain Ricky Ponting offered to apologise Wednesday to any Indian officials who felt insulted by his team's victory celebrations after the Champions Trophy final this week.
Pakistan cricket physiotherapist Darryn Lifson said Wednesday that naivety led to banned paceman Mohammad Asif taking dietary supplements without realising their possible consequences.
Opener Salman Butt hit an attractive century and Yasir Hameed piled up 92 runs as West Indian bowlers toiled hard in their two-day tour opener at Bagh-e-Jinnah stadium here on Wednesday.
The World Health Organisation (WHO) on Wednesday nominated China's Margaret Chan, its top official on bird flu, as its new chief as it gears up for a feared flu pandemic and battles global scourges such as AIDS.
British newspapers must learn to tap into the potential earnings power of the Internet as they face losing traditional classified advertising revenue completely by 2020, Guardian editor Alan Rusbridger told Reuters.
Kyrgyz President Kurmanbek Bakiyev kept parliament waiting on Wednesday while he reviewed a new compromise constitution intended to defuse popular protests by significantly cutting his powers.
A meeting between US President George W. Bush and his Chinese counterpart, Hu Jintao, next week will help lay the groundwork for six-party talks on dismantling North Korea's nuclear weapons, a US diplomat said on Wednesday.
A Tehran city councillor, whose conservative Abadgaran faction swept the 2003 local council elections, said on Wednesday reform-minded opponents would be no threat in December polls because they were too divided.
The United Nations and Africa's Nobel laureate, environmentalist Wangari Maathai, launched a project on Wednesday to plant a billion trees world-wide to help fight climate change and poverty.
Thousands of police supported municipal officers in closing scores of illegal shops and other establishments in the Indian capital on Wednesday as part of a controversial court-driven move that has outraged traders.
Sri Lanka's Tamil Tiger rebels said 45 civilians were killed and 125 hurt on Wednesday when army artillery fire hit a camp for internally displaced, as renewed civil war deepens.
The US ambassador in Baghdad said on Wednesday President George W. Bush would work with Democrats to achieve success in Iraq, but Iraqis were doubtful Democrat election gains would bring any respite from violence.
A former US soldier pleaded not guilty on Wednesday in federal court to charges he participated in a gang rape of an Iraqi girl and murdered her and her family in March. Steven Green, 21, faces a minimum of life in prison and could be sentenced to death,
Russian President Vladimir Putin on Wednesday aimed veiled criticism at the United States for trying to extend its global reach and told his military intelligence to face up to the challenge.
The United States and Russia urged nations in Europe's top security and rights body on Wednesday not to be complacent about the threat of so-called doomsday weapons falling into the hands of extremist groups.
Three Asian men were sentenced to life in prison on Wednesday for the racially motivated murder of a white Glasgow teenager. Kriss Donald died in March 2004 after he was snatched from a Glasgow street while walking with a friend. He was stripped half-nake
The European Commission set Turkey a mid-December deadline on Wednesday to open its ports to shipping from Cyprus or face consequences for its troubled European Union membership bid.
United Nations Secretary-General Kofi Annan on Tuesday called for a freeze on the use of cluster bombs in or near populated areas, saying they had "atrocious, inhumane effects" on civilians. Debate over the use of the weapon has intensified after Israel d
Russia, more cautious about punishing Iran for its nuclear ambitions than other European countries, is planning high-level contacts with Tehran this week, Russian Foreign Minister Sergei Lavrov said on Wednesday.
Sterling held steady versus the euro on Wednesday, with investors anticipating a Bank of England interest rate hike to 5 percent on Thursday and looking for clues on whether more tightening is likely in 2007.
The dollar eased towards six-week lows against the euro on Wednesday but falls were limited as investors speculated no major policy shift was likely after the Democrats took control of the US House of Representatives.
European corporate debt markets fell on Wednesday, tracking declines in equities, as investors bet that spreads near record tight levels reflected too much optimism over the outlook for credit.
European corporate debt markets fell on Wednesday, tracking declines in equities, as investors bet that spreads near record tight levels reflected too much optimism over the outlook for credit.
Chinese shares fell 1.2 percent on Wednesday after hitting a series of five-year peaks over the past week, as investors took profits in index heavyweights which had boosted the market in the previous days.
US stocks advanced on Wednesday as a jump in technology stocks and news that US Secretary of Defence Donald Rumsfeld will step down offset jitters about US election results.
Seoul shares backed away from near-six-month highs to fall 0.5 percent on Wednesday, as construction firms such as Hyundai Engineering were hit by worries the Bank of Korea could spring a surprise rate increase on Thursday.
Britain's FTSE 100 share index recovered earlier losses to end almost flat on Wednesday as news of a bid for energy company Scottish Power helped offset jitters about US mid-term election results.
US soyabean rust findings this year moved closer to doubling the 2005 total as new cases of the yield-cutting fungus were found in Florida and Alabama, the Agriculture Department said on Wednesday.
The growing usage of ethanol as "green" fuel is unlikely to destabilise the world sugar market in the next 5-6 years, the International Sugar Organisation (ISO) forecast on Wednesday.
Oil prices rose nearly $1 on Wednesday after US inventory data showed a decline in fuel stockpiles and Opec ministers pledged to push ahead with output cuts agreed upon last month. US crude settled up 90 cents at $59.83 a barrel. London Brent crude rose $
Morocco's state grains agency ONCIL said on Wednesday it had awarded MSCB trading house a licence to import 9,500 tonnes of US durum wheat. The shipment is due before December 31, ONICL added in a statement.
Cotton futures finished slightly mixed on Tuesday as rollover business dominated trade, while other participants held to the sidelines waiting for the USDA's monthly report on world cotton supplies, traders said.
London sugar futures closed higher on speculative buying on Wednesday, buoyed by the New York raw sugar futures market, but traders said underlying physical business remained slack. December settled up $2.60 at $404.50 a tonne, near the top of the day's r
Zinc futures hit a record high for the fourth straight session on Wednesday before retreating, but losses in other metals accumulated as fund investors eyed other assets. "Overall sentiment is still strong, but the interest in metals is shifting to other
Gold steadied after trading in a wide range on Wednesday on light profit-taking, and analysts said the metal might drift towards $600 an ounce before resuming an upward path. Spot gold moved between $623.00 and $631.00 an ounce, and was at $624.20/624.95
Arabica benchmark coffee futures surged at midday Wednesday following comments from a senior Brazilian official saying the world's largest crop should be compromised by poor flowerings in 2007/08, trader said.
US cocoa futures settled at a new seven-week peak on Wednesday, as speculative short-covering boosted values and traders sped up contract rollover from December into March, sources said.
Raw sugar futures in New York settled higher Wednesday, boosted by trade buying as the market continued to test the upper end of its trading range, sources said. New York Board of Trade's March raw sugar contract closed up 0.38 cent at 11.96 cents per lb
Wheat futures at the Chicago Board of Trade jumped sharply early on Wednesday following a rally in corn to new 10-year highs, traders said. At 10:10 am CST (1610 GMT), CBOT wheat was up 11-1/2 cents per bushel to down 4 cents, with December up 12 at $5.09
Corn futures at the Chicago Board of Trade leaped to a decade high early on Wednesday, while new contract highs were set on outlooks for the supply of corn to keep shrinking, traders said.
Copper futures in New York tumbled more than 2 percent at the open on Wednesday, pressured by a weak technical backdrop and a resumption of stock builds in London warehouses, sources said.
Soyabean futures at the Chicago Board of Trade rallied sharply on Wednesday, with new contract highs set in several deferred contracts, as corn leaped to a fresh 10-year high, traders said.
Profit-taking weakened gold futures early Wednesday after Democrats wrenched control of the House of Representatives from the Republicans and stood at the cusp of retaking the Senate in midterm US elections on Tuesday.
The Lahore High Court (LHC) while admitting a petition filed by Allied Bank Ltd employees union for regular hearing has issued notices to respondents for December 18. The petitioners have prayed to the court direct the respondents to award administrative
The Sindh University (SU) has decided to purchase another fleet of 10 Hino buses from Hino-Pak during current year to provide better transport facility to its students and employees.