Cash gold extended gains on Friday on steady bargain hunting, which, combined with a weak yen - hovering at a 4-1/2 year low against the dollar - also helped lift Tokyo futures.
Grinders in Asia are breathing a sigh of relief as the main crop gathers pace in Indonesia's island of Slaws, raising hopes the much-needed good quality beans are on their way.
Oil prices crept lower on Friday, as traders paused after a two-day rally fuelled by concerns over US refiners' ability to meet both summer and winter demand, plus fresh anxiety over the Middle East. London Brent crude for August delivery, the new front-m
Vietnamese sugar refineries have nearly ended their crushing season, turning out 1.12 million tonnes of sugar or 49 percent more than the previous season, state media reported on Wednesday.
Crude rubber stocks held at Japanese warehouses fell to a five-month low of 16,717 tonnes as of June 10, down 4.2 percent from 17,458 tonnes on May 31, the Rubber Trade Association of Japan said on Friday. The latest inventory level was the lowest since 1
Raw sugar futures closed mixed on Thursday in a session featuring switch business, and the moving of positions out of the spot contract will be the main market feature for now, brokers said. New York Board of Trade's key July raw sugar contract gained 0.0
Soybean futures at the Chicago Board of Trade ended firm on Thursday, supported by concerns that dry weather in the eastern Midwest was stressing young crops and slowing soybean emergence, traders said. The rally in wheat was also supportive.
Vietnam expects its rubber imports from neighbouring Southeast Asian countries to stay at current levels as it plans to boost its natural rubber output in coming years, a senior industry official said on Friday.
Chicago Board of Trade rough rice futures closed lower Thursday on a mild setback after rallying to a one-month top this week amid fresh speculative buying interest by commodity funds, traders said. Commercial hedge pressure dominated Thursday's price mov
The Bank of Japan kept interest rates unchanged at 0.50 percent on Friday and said it needed more evidence of sustained economic expansion before raising them further, sending the yen to a new 4-1/2-year low. "To change our policy we need to be more convi
The eurozone's trade surplus fell in April as imports recovered from a decline a month before, but exports also held up well despite a strong euro and slower growth in the United States, data showed on Friday.
Qatar's royal family raised its stake in British supermarket group J. Sainsbury Plc to 25 percent, fuelling expectations on Friday it could face its second take-over approach in as many months.
Long-term capital inflows to the US jumped in April to their highest since January as foreign investors took advantage of a weakening dollar to snap up US equities.
Long-term capital inflows to the US jumped in April to their highest since January as foreign investors took advantage of a weakening dollar to snap up US equities.
Reports showing a moderate rise in a key US inflation gauge and continued manufacturing gains helped fire investor optimism on Friday, despite signs consumers' spirits were dampened by higher gasoline prices.
Cadbury Schweppes Plc, the world's largest confectionery group, pleaded guilty on Friday to charges of selling unsafe chocolate in Britain and Ireland during 2006 and faces an unlimited fine.
The US Federal Trade Commission is investigating Microsoft Corp's planned acquisition of aQuantive Inc as well as Yahoo Inc's proposed deal to take full control of Right Media Inc, The Wall Street Journal reported on Thursday.
The New York Mercantile Exchange (NYMEX), the world's largest energy market, is exploring a sale for about $14.3 billion, a news agency reported on Friday, as exchanges world-wide hustle for the best merger partners.
The New York Mercantile Exchange (NYMEX), the world's largest energy market, is exploring a sale for about $14.3 billion, a news agency reported on Friday, as exchanges world-wide hustle for the best merger partners.
The euro area's big banks have been strong and profitable in recent months but the risks they face have grown and need to be monitored carefully, the European Central Bank said on Friday.
BAE Systems, Europe's biggest military contractor, said on Friday it had asked a former top English law official to lead a review of its business ethics but he would not be investigating controversial past deals with Saudi Arabia.
China's spending on fixed assets such as roads and power plants accelerated in the first five months of the year, prompting predictions of imminent monetary tightening to slow the world's fourth-largest economy.
Taiwan's parliament on Friday approved its budget for 2007, with plans to spend T$1.6294 trillion ($49.2 billion) for the year, ending a six-month stand-off. Passage of the budget came nearly halfway into the year the latest ever following squabbles and t
Indian wholesale price inflation eased to its lowest in 10 months, holding within the central bank's comfort zone, but analysts said strong industrial growth meant the central bank would remain vigilant.
The Tokyo Stock Exchange spent about $304 million to buy a 4.99 percent stake in the Singapore Exchange Ltd, the latest move in a scramble by global bourses to forge ties and consolidate.
Robert Zoellick, US President George W. Bush's candidate to be World Bank president, looked set to clinch the job as expected without a challenger when a deadline for nominations expires on Friday.
The European Union will scrap trade preferences for exports from Belarus because of violations of worker rights in the former Soviet state, the bloc's trade chief Peter Mandelson said on Friday.
Italy on Friday approved a long -awaited decree giving households the chance to choose their electricity supplier, using a special rule to meet a European Union deadline for market liberalisation.
French gas prices will not rise in the coming months under an agreement between the finance ministry and Gaz de France the finance ministry said in a statement on Friday.
Bulgaria should revamp its education and employment plans in line with investor needs to ensure economic growth and boost convergence with European Union standards, a report said on Friday.
News Corp invested MySpace China aims to launch an online messaging service "as soon as possible", its CEO said, as the venture fights for a bigger share of the world's second-largest Internet market.
Liberty Media Corp and EchoStar Communications Corp are preparing a joint offer for leading satellite operator Intelsat Ltd, The Wall Street Journal said late Thursday.
Europe's biggest ports face increasing chaotic congestion and delays in deliveries as they have failed to expand quickly enough to handle booming container imports from Asia.
Huge increases in US food prices over the past few months are not only putting a strain on consumer's pocketbooks, but they may also make the Federal Reserve's fight to curb inflation more difficult.
High natural rubber prices have curbed global demand for rubber gloves and prompted users to shift to cheaper synthethic ones, an industry official said on Thursday.
Germany will not let a financial investor buy RAG, a government official said on Friday, even though Cerberus Capital Management is ready to pay up to 8 billion euros ($10.65 billion) for the conglomerate.
Germany will not let a financial investor buy RAG, a government official said on Friday, even though Cerberus Capital Management is ready to pay up to 8 billion euros ($10.65 billion) for the conglomerate.
Irish airline Aer Lingus sees potential to launch a new route to the east coast of the United States and another to the midwest when transatlantic air travel is liberalised next year, Commercial Director Enda Corneille said on Wednesday.
The International Monetary Fund is prioritising financial aid and technical assistance for African countries emerging from conflict, in the hope it will help re-energise the economy of the world's poorest continent.
China's main stock index closed slightly higher on Friday as financial stocks rebounded, but most shares fell and turnover shrank because of concern about a further tightening of economic policy. The Shanghai Composite Index dropped as much as 1.17 percen
Malaysian share prices closed 0.26 percent higher on Friday in thin trade with select construction and property counters leading gains, dealers said. They said property stocks were higher on news that more supportive measures will be introduced for the se
Hong Kong-listed China plays hit their second straight record on Friday and logged their best weekly gain since December, as the recently underplayed mainland financials reclaimed the spotlight and Aluminium Corp of China (Chalco) led a rally in resource
US stocks rose on Thursday as a 2 percent gain in oil prices boosted shares of Exxon Mobil Corp and other energy companies while data showing moderate inflation lifted optimism about the economy. Exxon's stock led the major advancers in the S&P 500 as cru
US government bond prices slipped in volatile trade on Thursday on mortgage-related selling, extending a rout that hoisted benchmark 10-year Treasury note yields to a five year peak.
US government bond prices slipped in volatile trade on Thursday on mortgage-related selling, extending a rout that hoisted benchmark 10-year Treasury note yields to a five year peak.
Philippines share prices gained 1.18 percent to reach a new record close on Friday, thanks to the rally on Wall Street where economic data indicated inflation was being kept in check, dealers said. The composite index climbed 42.67 points to 3,671.29. Tra
Jakarta share prices finished 0.58 percent higher at a fresh all-time closing high on Friday, bolstered by a further rebound on Wall Street overnight, with miners well supported, dealers said. However, they said with some investors pocketing gains from se
Thai share prices closed 1.27 percent higher on Friday, led by robust regional markets, as investors chased gains in the banking and energy sectors, dealers said. But they said trading volume was low amid worries over political tensions as ousted and exil
The Nikkei average rose 0.72 percent on Friday to close at its highest level in a week as air conditioner maker Daikin Industries Ltd rose on expectations of a hot summer this year, while a softer yen helped exporters such as Honda Motor Co Ltd.
New Zealand share prices closed 0.45 percent higher on Friday amid gains in key overseas markets, although investors kept a cautious eye on the local currency, dealers said. They said the direction of the New Zealand dollar has been a central theme this w
Indian share prices fell 0.29 percent on Friday as investors sold in late trade to lock-in gains in a choppy market, dealers said. They said the markets may consolidate further next week as investors were not keen to build up fresh investment positions un
Singapore share prices closed on Friday at a new all-time high with investor confidence energised by Wall Street's overnight bounce, dealers said. The Straits Times Index gained 0.22 percent or 7.73 points to 3,581.16, erasing the previous closing high of
China's yuan closed up against the dollar on Friday and scored its biggest weekly gain since its 2005 revaluation, bolstering expectations that a recent pick-up in the pace of appreciation could continue in the short term.
The dollar held near a 4-1/2-year high on Friday, boosted by a climb in US Treasury yields to a five-year high this week, while investors renewed their appetite for risk and sold the low-yielding yen in carry trades.
The dollar climbed to a 4-1/2-year high against the yen on Thursday for a second straight day ahead of a Bank of Japan policy meeting and a report on US consumer inflation that could determine whether US Treasury bond yields extend a six-week climb.
The Swiss franc was steady against the dollar and euro on Friday as markets eye retail sales data due later in the session for clues on the direction of the Swiss economy. Retail sales are expected to rise by 5.0 percent in April, according to a Reuters p
Most Asian currencies gained versus the dollar on Friday, with the Chinese yuan hitting a post-revaluation high and the Philippine peso benefiting the most from investors' improved appetite for risk. The high-yielding peso strengthened to 46.39 per dollar
The Hong Kong dollar fell to a two-week low on Friday undermined by commercial demand for the US currency. The domestic currency was trading at 7.8195/96 against the US dollar, down from 7.8159/63 in late Thursday trade in Asia.
Camp training to select Pakistan hockey team for participation in the 4-nation hockey tournament being played in Russia in July next, will get underway at Nasir Bunda Hockey Stadium Jinnah Complex Islamabad from Monday, June 18.
The Senior Vice-President of Islamabad Football Association and Manager of Pakistan Olympic Football team Muhammad Irfan Khan Niazi has appreciated contributions made by Pakistan Football Federation (PFF)'s President Makhdoom Syed Faisal Saleh Hayat for g
The start of the fourth and final Test between England and West Indies was put back a day because of torrential rain on Friday. Officials called off the first day's play at lunchtime after waiting nearly two hours for the rain to ease.
Chris Gayle will captain West Indies in three one-day internationals and two Twenty20 matches against England. The 27-year-old all-rounder takes over from Daren Ganga, who has deputised for the injured Ramnaresh Sarwan in the current Test series.
New Zealand batsman Hamish Marshall has turned down the chance to represent his country so he can continue playing county cricket in England. Marshall was offered a New Zealand Cricket (NZC) contract for the 2007-08 season but rejected the offer so he cou
A Premier League inquiry into alleged transfer irregularities has found that 17 transfers, including the moves of Didier Drogba and Petr Cech to Chelsea, cannot be cleared, the league said on Friday.
Phil Mickelson, battling to stay in US Open contention despite an injured wrist, revived briefly before falling victim to toughening conditions at Oakmont in the second round on Friday.
Swirling winds threw the Wimbledon preparations of Fernando Gonzalez and Novak Djokovic off course on Friday when they were upstaged at Queen's Club. Third seed Gonzalez took out his anger on his racket as he let a 4-2 lead in the final set slip away, all
A US executive went on trial in Kazakhstan on Friday charged with stealing money from a local company he used to manage, a case that some observers say raises concerns for foreign investors in the Central Asian country.
Nine people were killed when a bomb exploded aboard a bus in the southern Philippine town of Bansalan on Friday, a military report said. The bomb exploded inside a vehicle of the Weena Bus Company which has been previously targeted by criminal groups.
Russia's Federal Security Service opened a criminal espionage investigation on Friday into accusations that murdered ex-KGB agent Alexander Litvinenko and a self-exiled Russian tycoon in London were both British spies.
Hungary's prime minister strengthened the hand of reformers in a cabinet reshuffle on Friday while at the same time ensuring that his Socialist Party, grumbling over low poll ratings, was kept happy.
Libya's Supreme Court will hear an appeal next week by five Bulgarian nurses and a Palestinian doctor sentenced to death on charges of infecting hundreds of Libyan children with the HIV virus, Bulgaria said on Friday.
A Philippine Navy officer who led an attempt to topple President Gloria Macapagal Arroyo four years ago took his oath as a member of the upper house of Congress on Friday. "This is a victory for the Filipino people," Lieutenant Antonio Trillanes said afte
Indian women activists hailed on Friday the possibility of the country getting its first woman president even as some commentators said the choice of a low-profile politician could weaken the position.
Poland hinted on Friday it could drop its threat to veto talks on a new European Union treaty while Germany piled on more pressure for agreement at next week's summit.
Russian engineers failed on Friday to fix malfunctioning navigational computers on the orbiting International Space Station but said they did not foresee having to evacuate the three crew.
The United States, Israel and European states are prepared to ease a ban on aid to the Palestinian government that President Mahmoud Abbas is forming in the West Bank after sacking Hamas, officials said on Friday.
A grenade attack killed four people and wounded six others watching a foreign film in the western town of Baidoa in the latest flare-up in chaotic Somalia, residents said on Friday.
All US troop reinforcements for Iraq to help restore security have now arrived, but it could take several more months before their weight is fully felt, the US military said on Friday.
Nato said on Friday a review of its policies in Afghanistan had led to a fall in civilian casualties caused by its troops and blamed Taliban insurgents for using ordinary Afghans as human shields.
Seven Britons linked to a plot to blow up US financial institutions, including the New York Stock Exchange, and stage a series of attacks in Britain were jailed for a total of 136 years by a London court on Friday.
Indonesia has captured the head of Southeast Asian militant group Jemaah Islamiah (JI), police said on Friday, marking what appears to be a major blow for a group blamed for a string of deadly bombings.
Russian President Vladimir Putin, who will step down next year, may have a surprise choice for his preferred successor, state news agency RIA Novosti said on Friday, quoting a senior Kremlin aide. Putin is popular in Russia after seven years of strong eco
Nato said on Friday it had agreed to broaden its military training operation in Iraq to include courses for gendarme paramilitary functions. "We have agreed to a request by the Iraqi government for gendarmerie-type training," alliance defence ministers sa
Two suicide attackers blew themselves up near Nato convoys in southern Afghanistan Friday, killing five Afghan children, four young men and a Dutch soldier, officials said. A soldier with the US-led coalition died separately after being wounded in combat
The Indian rupee recovered intraday losses to end stronger on Friday, as capital inflows offset dollar demand from oil refiners and suspected intervention from the central bank, traders said. The rupee ended at 40.86/87 per dollar, up from Thursday's clos
Sterling hit its highest level against the yen in 15 years and rose versus the dollar on Friday as risk appetite and interest rate differentials continue to support the high yielding British currency. The yen fell as the Bank of Japan left rates on hold a
The yen hit a 4-1/2 year low versus the dollar and a 15-year trough against sterling on Friday after the Bank of Japan left interest rates on hold and gave limited guidance on future tightening. The dollar was broadly firmer as investors expected US infla
The iTraxx Crossover index rallied on Friday after key US inflation data suggested consumer price growth in the world's largest economy is under control. The index capped gains later in the session after a report showed US industrial production was flat i
The iTraxx Crossover index rallied on Friday after key US inflation data suggested consumer price growth in the world's largest economy is under control. The index capped gains later in the session after a report showed US industrial production was flat i
US stocks gained for a third straight day on Friday after tame consumer price data put inflation fears on the shelf, while an upgrade of bellwether Intel breathed life into the tech sector. The Nasdaq climbed to its highest in more than six years.
Seoul shares ended up slightly after hitting a second straight record on Friday as brokerages again surged after a parliamentary panel approved an act that gives them a bigger role in the financial sector.
A global stock rally on tame US inflation helped Britain's benchmark share index to a near 7-year closing high, with retailer Sainsbury buoyed by stake-building and miners supported by bullish broker comments. The FTSE closed 1.2 percent higher at 6,732.4
The outlook for soyameal among Chinese traders turned bullish for the first time this year, while that for soyaoil became bearish after five weeks of strong performance, according to a survey by a Chinese grain think-tank on Friday.
Physical gold buyers have adjusted to strong prices above $600 an ounce after a price rally last year hit demand, forcing everyone from jewellery makers to industrial users to bite the bullet.
Oil prices touched a 10-month high on Friday sparked by worries of low US fuel supplies from creaking refineries and an upsurge of violence in the Middle East. It was the third day of gains after a weekly US report on Wednesday showed gasoline stocks fail
Monsanto Co increased its fiscal 2007 earnings outlook on Friday due to strong results from the corn planting season in the United States and its herbicide business, sending its shares up 6 percent. The company said it expects fiscal 2007 ongoing earnings