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Print - 2007-09-13
Indonesian palm oil prices ease before Ramazan

Indonesian palm oil prices ease before Ramazan

Indonesian palm oil prices softened on Wednesday, despite gains in the neighbouring Malaysian market, as refiners have enough stocks ahead of the Muslim fasting month of Ramazan. The state marketing centre in Jakarta sold crude palm oil at 7,185 rupiah ($
Published 13 Sep, 2007 12:00am
CBOT wheat futures hit all-time highs

CBOT wheat futures hit all-time highs

Wheat futures on the Chicago Board of Trade staged another surge to all-time highs on Tuesday on supply-based concerns, including a drawdown in Canadian stocks and worries about Australian wheat crop prospects, traders said.
Published 13 Sep, 2007 12:00am
Oil cake market rates

Oil cake market rates

No big activity was seen on the forward cottonseed oilcake market on Wednesday as buyers were thin due to absence of interest, dealers said. The December vaida was unchanged at Rs 500.00 and market closed at the same level, they said.
Published 13 Sep, 2007 12:00am
Enhanced buying seen on cotton market

Enhanced buying seen on cotton market

Firm outlook was seen in the cotton market on Wednesday despite enhanced buying and the ginners cautious attitude towards prices, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2775, they added.
Published 13 Sep, 2007 12:00am
Urad Burma sharply lower on grain market

Urad Burma sharply lower on grain market

Subdued business was seen on the grain market on Wednesday as many buyers were on the sidelines due to little interest in fresh purchasing, dealers said. On the cereals side, Urad Burma low type lost Rs 100 to Rs 1550 and good type shed Rs 50 to Rs 1650,
Published 13 Sep, 2007 12:00am
Coffee consolidates in quiet trade

Coffee consolidates in quiet trade

ICE arabica coffee trading on the open-outcry platform crept to a lower close on Tuesday, retracing on Monday's sharp gains on two-sided speculative trade, traders said. "The market's just consolidating here until there's something new regarding the weath
Published 13 Sep, 2007 12:00am
MGE spring wheat soars

MGE spring wheat soars

Spring wheat futures on the Minneapolis Grain Exchange closed sharply higher on Tuesday, soaring to fresh all-time highs near the close on a drawdown in Canadian stocks and concerns about Australia's wheat crop, traders said.
Published 13 Sep, 2007 12:00am
New York cocoa settles mostly higher

New York cocoa settles mostly higher

US cocoa finished mostly firm on Tuesday, near the day's highs after a rangebound session marked with fund buying and arbitrage selling, traders said. "The funds did a little bit of buying here today, some small specs and probably a little bit of trade an
Published 13 Sep, 2007 12:00am
Indian sugar futures lower

Indian sugar futures lower

Indian sugar futures fell on Wednesday as deliveries started arriving at warehouses ahead of next week's near-month contract expiry, and weighed down by a bumper crop in the offing. At 1:45 pm (0815 GMT), the September contract on the National Commodity a
Published 13 Sep, 2007 12:00am
New York sugar ends mixed

New York sugar ends mixed

US raw sugar futures settled mixed on Tuesday with computer-based fund dealings keeping trade directionally and in a tight range, traders said. "We have a lot of activity where the fund buys it and if (the market) moves against them, they're getting out,
Published 13 Sep, 2007 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai copper rose 1 percent on Wednesday in the wake of a 4 percent rally in London futures in the previous session, but analysts were sceptical whether fundamentals would allow prices to move much higher.
Published 13 Sep, 2007 12:00am
US copper rallies

US copper rallies

US copper futures rallied 4 percent or 13.15 cents on Tuesday, with stronger equity markets and bullish chart patterns providing the impetus for a short-covering rally that lifted prices to a seven-day high, analysts said.
Published 13 Sep, 2007 12:00am
US gold higher

US gold higher

Bearish sentiment toward the dollar and chart-based buying boosted US gold futures to a 13-month high on Tuesday, extending solid gains from last week, and the market is expected to benefit from further market turmoil as credit fears persist, dealers said
Published 13 Sep, 2007 12:00am
Gold up as weaker yen helps Tocom

Gold up as weaker yen helps Tocom

Gold inched up on Wednesday as Tokyo futures hit their highest in nearly seven weeks on a falling yen, after media reports that Prime Minister Shines Abe would resign sparked fears of political uncertainty.
Published 13 Sep, 2007 12:00am
Malaysian tin

Malaysian tin

Malaysian tin rose 2.7 percent on Wednesday after surging London Metal Exchange prices and strong buying lifted the market, one dealer said.
Published 13 Sep, 2007 12:00am
CBoT rice slips

CBoT rice slips

Rough rice futures at the Chicago Board of Trade closed lower on Tuesday, setting back after reaching a near three-month high in the November contract, traders said. There was also some pre-report positioning ahead of USA's monthly crop report to be relea
Published 13 Sep, 2007 12:00am
Vietnamese rice prices firm

Vietnamese rice prices firm

Rice loading for Indonesia and the Philippines has kept prices in Vietnam at high levels, despite a government ban of new deals remaining in place, traders said.
Published 13 Sep, 2007 12:00am
Indian soyaoil firmer

Indian soyaoil firmer

Indian far-month soyaoil futures edged up on Wednesday on support from Malaysian palm oil, which gained due to firm crude prices and strong exports growth, analysts said. But overall sentiment remained weak ahead of expected record output in the oilseeds
Published 13 Sep, 2007 12:00am
Soyabean futures firm

Soyabean futures firm

Soyabean futures at the Chicago Board of Trade ended firm on Tuesday, bouncing back late in the session as wheat rallied to new highs, traders said. But soyabean prices kept range-bound and were less volatile than either corn or wheat as traders evened so
Published 13 Sep, 2007 12:00am
Asian physical rubber

Asian physical rubber

Asian physical rubbers were quoted mostly lower on Wednesday despite futures contracts prices rising on the Tokyo Commodity Exchange. Trading was thin, with buyers waiting for prices to fall and sellers refusing to lower their prices as raw material costs
Published 13 Sep, 2007 12:00am
Tokyo rubber rises on strong oil

Tokyo rubber rises on strong oil

Tokyo rubber futures rose on Wednesday due to strength in energy prices and a weaker yen, with solid technical buying emerging after gains in the last two days bolstered market sentiment. Rises in other commodities such as gold and solid demand for physic
Published 13 Sep, 2007 12:00am
Malaysian palm oil gains

Malaysian palm oil gains

Malaysian crude palm oil futures ended 0.8 percent higher on Wednesday as crude oil held near a record high and soyabean oil extended gains in Asian trade, dealers said. Strong export growth and a weaker-than-expected rise in production also lent support
Published 13 Sep, 2007 12:00am
Middle East buyers jittery as wheat soars

Middle East buyers jittery as wheat soars

Middle East wheat importers are watching soaring prices with alarm, worrying they could bite into their ability to feed hungry populations that depend on subsidised prices of basic staples.
Published 13 Sep, 2007 12:00am
Russia signs handover for China's No 2 reactor

Russia signs handover for China's No 2 reactor

The Russian state atomic energy agency Rosatom has signed over control of the number two nuclear reactor at an atomic power station on China's eastern coast, a spokesman said on Wednesday.
Published 13 Sep, 2007 12:00am
EU automakers reject 2012 deadline for CO2 cuts

EU automakers reject 2012 deadline for CO2 cuts

European automakers back an EU proposal to slash carbon dioxide emissions, but need more time and want other industries to contribute, the sector federation's president said Wednesday.
Published 13 Sep, 2007 12:00am
World oil prices flat near all-time highs

World oil prices flat near all-time highs

World oil prices traded flat near all-time highs above 78 dollars on Wednesday after the Opec cartel agreed to what traders called a token output hike. At 2:09 pm (0609 GMT), New York's main futures contract, light sweet crude for delivery in October, was
Published 13 Sep, 2007 12:00am
New Zealand takes tougher measures after finance failures

New Zealand takes tougher measures after finance failures

New Zealand is introducing tougher regulations for non-bank financial institutions after a string of failures of finance companies, the government said Wednesday. Finance Minister Michael Cullen warned the new laws would not be a quick-fix for the finance
Published 13 Sep, 2007 12:00am
IMF sees no US recession

IMF sees no US recession

US slowdown, but not recession, is what the International Monetary Fund expects, and the rest of the world should weather that problem, IMF chief economist Simon Johnson said on Wednesday.
Published 13 Sep, 2007 12:00am
Mattel apologises for recalls, backs stronger CPSC

Mattel apologises for recalls, backs stronger CPSC

Mattel Inc Chief Executive Robert Eckert apologised on Wednesday for three huge recalls this summer of lead-paint tainted toys made in China and said the company supports strengthening the US government's consumer safety agency.
Published 13 Sep, 2007 12:00am
No bailout for private-sector projects, says Badawi

No bailout for private-sector projects, says Badawi

The Malaysian government will not bail out private-sector led projects that run into problems, Prime Minister Abdullah Badawi says. Speaking late Tuesday at a business conference in Singapore, the Malaysian leader said his government's priority was to spe
Published 13 Sep, 2007 12:00am
US health insurance costs rise as fast as pay: survey

US health insurance costs rise as fast as pay: survey

The cost of health insurance in the United States climbed nearly twice as fast as wages in the first half of 2007, with family coverage costing employers around 1,000 dollars (714 euros) a month, a poll showed Wednesday.
Published 13 Sep, 2007 12:00am
World Bank lifts China's 2007 growth forecast

World Bank lifts China's 2007 growth forecast

The World Bank on Wednesday raised its economic growth forecast for China this year to 11.3 percent, while warning its growing trade surplus and inflation were the main threats to healthy growth.
Published 13 Sep, 2007 12:00am
Thai Prime Minister reassures investors on economy

Thai Prime Minister reassures investors on economy

Thailand's army-installed premier on Wednesday reassured investors that the Thai economy is on track to grow by up to 4.5 percent this year, and insisted the country is headed back to democracy. Prime Minister Surayud Chulanont said despite slowing export
Published 13 Sep, 2007 12:00am
IEA lowers world oil demand forecast amid market turbulence

IEA lowers world oil demand forecast amid market turbulence

The International Energy Agency lowered its predictions of global oil demand Wednesday for both this year and next and warned that financial markets turbulence could force it to again revise its forecast.
Published 13 Sep, 2007 12:00am
Philippines shares up

Philippines shares up

Philippines share prices closed 1.21 percent higher on Wednesday as relieved investors discounted political risks after former president Joseph Estrada was convicted of corruption, dealers said.
Published 13 Sep, 2007 12:00am
Taiwan stocks at five-week high

Taiwan stocks at five-week high

Taiwan shares ended up 0.17 percent on Wednesday at a five-week closing high after a Wall Street rally spurred by hopes the Federal Reserve will cut interest rates next week, boosting the outlook for Cathay and other financial firms.
Published 13 Sep, 2007 12:00am
Malaysian shares slightly changed

Malaysian shares slightly changed

Malaysian share prices closed flat on Wednesday in listless trade amid a lack of fresh leads, dealers said. They said, however, that palm oil stocks held on to their gains on rising crude oil prices. Crude palm oil is used as feedstock in producing biofue
Published 13 Sep, 2007 12:00am
Hong Kong shares rally to record with property stocks

Hong Kong shares rally to record with property stocks

Hong Kong blue chips jumped 1.5 percent on Wednesday as shares in the city's property developers struck a peak on growing optimism of a US rate cut, while energy shares surged after crude prices set a record close.
Published 13 Sep, 2007 12:00am
US stocks up on rate cut hopes

US stocks up on rate cut hopes

US stocks rallied on Tuesday, bolstered by confidence the Federal Reserve will cut interest rates next week, another round of upbeat outlooks from technology companies, and solid sales from McDonald's Corp.
Published 13 Sep, 2007 12:00am
US Treasury prices fall

US Treasury prices fall

US government debt prices fell in quiet trade on Tuesday, weighed down by profit-taking and surging stocks, but expectations of a Federal Reserve interest rate cut next week curbed losses. Traders said the Treasury bond market, which had rallied after Fri
Published 13 Sep, 2007 12:00am
US Treasury prices fall

US Treasury prices fall

US government debt prices fell in quiet trade on Tuesday, weighed down by profit-taking and surging stocks, but expectations of a Federal Reserve interest rate cut next week curbed losses. Traders said the Treasury bond market, which had rallied after Fri
Published 13 Sep, 2007 12:00am
Singapore shares rise

Singapore shares rise

Singapore share prices closed 0.31 percent higher on Wednesday as investors bet the US Federal Reserve will lower interest rates at a key meeting next week, dealers said. They said gains were capped as the keey index approached the 3,550 resistance level.
Published 13 Sep, 2007 12:00am
Chinese shares surge

Chinese shares surge

Chinese shares partially rebounded on Wednesday from a 4.5 percent plunge on Tuesday, but analysts said the outlook was murky because of worries that the environment which supported this year's bull run was changing.
Published 13 Sep, 2007 12:00am
Tokyo stocks decline

Tokyo stocks decline

Japanese stocks ended in negative territory on Wednesday after the shock resignation of Prime Minister Shinzo Abe, with the Nikkei average down 0.5 percent as thin trade and political uncertainty took their toll.
Published 13 Sep, 2007 12:00am
Jakarta shares close slightly lower

Jakarta shares close slightly lower

Jakarta share prices closed 0.1 percent lower on Wednesday as investors opted to lock in gains ahead of the Muslim Ramazan fasting month which starts Thursday, dealers said. The Jakarta Stock Exchange composite index closed down 1.48 points at 2,209.93, o
Published 13 Sep, 2007 12:00am
Indian shares sag

Indian shares sag

Indian share prices fell 0.24 percent on Wednesday as the latest monthly figures for industrial growth in the economy showed a sharp decline, dealers said. They said buying interest waned on the figures. India's July industrial output rose 7.1 percent fro
Published 13 Sep, 2007 12:00am
Thai shares end flat

Thai shares end flat

Thai share prices closed flat on Wednesday as concerns over China's economy overheating and the abrupt resignation of Japan's prime minister pressured the market, dealers said. They said the market also moved on profit taking in energy-linked shares but a
Published 13 Sep, 2007 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 68.70/68.70 (previous 68.70/68.70). Call Money Rates: 6.50-10.00 percent (previous 6.50-10.00 percent.
Published 13 Sep, 2007 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc rose strongly against the dollar and was also firmer against the euro on Wednesday as investors nervously await the Swiss central bank's rate-setting session on Thursday.
Published 13 Sep, 2007 12:00am
Yuan edges up versus dollar

Yuan edges up versus dollar

The yuan edged up against the dollar on Wednesday, buoyed by a weakening US currency and widespread expectations that China will raise interest rates soon to cool inflation, dealers said.
Published 13 Sep, 2007 12:00am
Euro hits record high

Euro hits record high

The euro rose to a record high against the dollar on Wednesday as expectations for the Federal Reserve to start cutting interest rates next week continued to erode the US currency's appeal.
Published 13 Sep, 2007 12:00am
Dollar nears record low

Dollar nears record low

The dollar neared a record low against the euro on Tuesday as expectations of a Federal Reserve interest rate cut continued to erode the greenback's appeal to global investors.
Published 13 Sep, 2007 12:00am
Australian dollar scales one-month peak

Australian dollar scales one-month peak

The Australian dollar rose to a fresh one-month peak of $0.8375 against the US currency on Wednesday, bolstered by expectations of deep rate cuts by the Federal Reserve and a gradual improvement in appetite for risk.
Published 13 Sep, 2007 12:00am
Asian currencies hold firm tone

Asian currencies hold firm tone

Most Asian currencies rallied against the dollar on Wednesday, led by a rebound in high-yielders, as investors cautiously took risk in stride ahead of an expected rate cut by the Federal Reserve next week.
Published 13 Sep, 2007 12:00am
Olympic qualifier: Japan beat Qatar 1-0

Olympic qualifier: Japan beat Qatar 1-0

Japan struggled past Asian Games champions Qatar 1-0 in an Olympic qualifier at home Wednesday, surging to the top of the Asian zone Group C with two wins and one draw.
Published 13 Sep, 2007 12:00am
Indian board set to launch Twenty20 league

Indian board set to launch Twenty20 league

The Indian cricket board is expected to launch an international Twenty20 league on Thursday with the support from other countries to counter an unofficial league due to start in October. Senior officials were reluctant to discuss details ahead of a news c
Published 13 Sep, 2007 12:00am
Gonzalez stretches tennis turnaround with second win

Gonzalez stretches tennis turnaround with second win

Fernando Gonzalez continued to revive his game after a disastrous hardcourt summer, crushing fellow Chilean Paul Capdeville 6-1, 6-2 to reach the quarter-finals of the China Open on Wednesday. Gonzalez went 0-4 during the mid-year cement season but has st
Published 13 Sep, 2007 12:00am
Injured Naved taken to hospital

Injured Naved taken to hospital

A serious injury to Sussex bowler Rana Naved-ul-Hasan suspended play for 45 minutes in the Division One match against Durham at the Riverside on Wednesday. The 29-year-old Pakistani player injured himself diving to try to stop a boundary, with Durham 233-
Published 13 Sep, 2007 12:00am
Record-setting Gillespie sends Kenya to new low

Record-setting Gillespie sends Kenya to new low

Mark Gillespie returned the best ever figures in Twenty20 cricket as New Zealand demolished Kenya by nine wickets in the world championships here on Wednesday.
Published 13 Sep, 2007 12:00am
Pakistan beat Scotland, Zimbabwe upset Australia

Pakistan beat Scotland, Zimbabwe upset Australia

Shahid Afridi smashed 22 off seven balls and then grabbed 4-19 as Pakistan brushed aside Scotland by 51 runs in the Twenty20 world championships here on Wednesday. The pugnacious all-rounder ensured his team faced no hiccups after Craig Wright had taken t
Published 13 Sep, 2007 12:00am
Pakistan beat Scotland, Zimbabwe upset Australia

Pakistan beat Scotland, Zimbabwe upset Australia

Shahid Afridi smashed 22 off seven balls and then grabbed 4-19 as Pakistan brushed aside Scotland by 51 runs in the Twenty20 world championships here on Wednesday. The pugnacious all-rounder ensured his team faced no hiccups after Craig Wright had taken t
Published 13 Sep, 2007 12:00am
Austria arrests three suspected al Qaeda activists

Austria arrests three suspected al Qaeda activists

Austrian authorities detained three suspected al Qaeda activists Wednesday in connection with a videotape threat against Austria and Germany for their role in Afghanistan, officials said.
Published 13 Sep, 2007 12:00am
Massive quake hits Indonesia

Massive quake hits Indonesia

A massive 8.2-magnitude earthquake struck off the west coast of Indonesia's Sumatra island on Wednesday, toppling buildings and briefly triggering a tsunami alert across the Indian Ocean region.
Published 13 Sep, 2007 12:00am
Foot and mouth confirmed in UK

Foot and mouth confirmed in UK

Britain's chief vet confirmed a new case of foot anmples taken this morning from the cattle on the holding in Surrey where disease was suspected have indicated the presence of foot and mouth disease," the Department for Environment, Food and Rural Affairs
Published 13 Sep, 2007 12:00am
Estrada jailed for life

Estrada jailed for life

Former Philippine president and movie star Joseph Estrada was found guilty of massive corruption on Wednesday and ordered to spend the rest of his life in prison. Winding up a six-year trial that the 70-year-old had repeatedly insisted was politically mot
Published 13 Sep, 2007 12:00am
Report will not save US from 'Iraq's swamp': Iran

Report will not save US from 'Iraq's swamp': Iran

Iran dismissed a long-awaited progress report by the two senior US officials in Iraq on Wednesday, saying it would not "save America from Iraq's swamp" and calling on Washington to withdraw its troops.
Published 13 Sep, 2007 12:00am
Schwarzenegger rejects California vote on Iraq war

Schwarzenegger rejects California vote on Iraq war

California Governor Arnold Schwarzenegger vetoed a bill on Wednesday creating a ballot vote on whether state residents favour an immediate withdrawal of US troops from Iraq.
Published 13 Sep, 2007 12:00am
Petraeus rebuffs 'war criminal' critics

Petraeus rebuffs 'war criminal' critics

The US commander in Iraq, General David Petraeus, hit back Wednesday at anti-war critics who accused him of being a White House stooge during an emotive two days of testimony at Congress.
Published 13 Sep, 2007 12:00am
Bush to announce 30,000 US troops cut in Iraq

Bush to announce 30,000 US troops cut in Iraq

US President George W. Bush will say Thursday that he could pull some 30,000 US troops from Iraq by mid-2008, a move that may only further frustrate an anxious and war-weary US public.
Published 13 Sep, 2007 12:00am
Abbas denies drafting accord with Olmert for peace meet

Abbas denies drafting accord with Olmert for peace meet

Palestinian president Mahmud Abbas on Wednesday denied media reports that he and Israeli Prime Minister Ehud Olmert have been drafting an accord of principles ahead of a US-sponsored peace conference.
Published 13 Sep, 2007 12:00am
Indian businessman charged in serial killings

Indian businessman charged in serial killings

A wealthy Indian businessman was charged on Wednesday with the rape and murder of one of the 19 victims of the most gruesome serial killings in the country in recent times, the lawyer for the victims' families said.
Published 13 Sep, 2007 12:00am
Somali opposition forms new coalition

Somali opposition forms new coalition

Somali opposition leaders meeting in Eritrea united Wednesday in a common alliance against Ethiopian forces, warning Addis Ababa it was "now or never" for its troops to withdraw. The new opposition coalition, called the Alliance for the Liberation of Soma
Published 13 Sep, 2007 12:00am
North Korea gives experts full access to nuclear facilities: US

North Korea gives experts full access to nuclear facilities: US

North Korea has given full access to experts from the United States, Russia and China on a rare visit to the reclusive nation to examine ways to disable its nuclear weapons program, the State Department said Wednesday.
Published 13 Sep, 2007 12:00am
Iran warns nuclear cooperation 'in danger' if sanctions imposed

Iran warns nuclear cooperation 'in danger' if sanctions imposed

Iran Wednesday warned that its current policy of increased cooperation with the UN atomic watchdog would be "in danger" if a third set of UN sanctions were imposed against the Islamic republic. "We have taken a very important step, and if there is an illo
Published 13 Sep, 2007 12:00am
Estonian governing coalition split on pipeline

Estonian governing coalition split on pipeline

A request by Russian-German gas company Nord Stream, partially owned by Russian gas giant Gazprom, to carry out surveys in Estonian waters for a future Baltic Sea gas pipeline has caused a rift in the three-party governing coalition here.
Published 13 Sep, 2007 12:00am
Abe steps down after string of scandals

Abe steps down after string of scandals

Japanese Prime Minister Shinzo Abe resigned on Wednesday after less than a year in power, falling victim to a string of scandals that hampered his reform agenda and sent his popularity plummeting.
Published 13 Sep, 2007 12:00am
Indian rupee moves up

Indian rupee moves up

The Indian rupee climbed to a one-month peak on Wednesday as expectations of a US interest rate cut knocked the dollar to a record low against the euro, though suspected central bank intervention limited its gains.
Published 13 Sep, 2007 12:00am
Sterling falls to four-month low

Sterling falls to four-month low

Sterling fell to a four-month low against the euro and slipped versus the dollar and yen on Wednesday as investors viewed comments from the Bank of England governor as suggesting UK interest rates might not be raised further.
Published 13 Sep, 2007 12:00am
Dollar at record low versus euro

Dollar at record low versus euro

The dollar plunged to a record low against the euro on Wednesday as expectations that the Federal Reserve will cut interest rates next week have diminished its attractiveness to global investors.
Published 13 Sep, 2007 12:00am
Bonds: European credit spreads tightens

Bonds: European credit spreads tightens

European credit spreads tightened on Wednesday, boosted by a rally in US stocks, but trading flows remained low as investors wait for word on the refinancing of more than a hundred billion dollars of short-term debt.
Published 13 Sep, 2007 12:00am
Bonds: European credit spreads tightens

Bonds: European credit spreads tightens

European credit spreads tightened on Wednesday, boosted by a rally in US stocks, but trading flows remained low as investors wait for word on the refinancing of more than a hundred billion dollars of short-term debt.
Published 13 Sep, 2007 12:00am
US Stocks: Wednesday midday trade

US Stocks: Wednesday midday trade

US stocks were little changed on Wednesday as a jump in oil prices to near $80 a barrel boosted the energy sector, but weighed on airlines and other big oil consumers. Losses in the financial sector also kept gains in check amid lingering worries about th
Published 13 Sep, 2007 12:00am
Seoul shares slump

Seoul shares slump

Seoul shares fell 1.6 percent on Wednesday as firms dependent on China such as POSCO fell on concern interest rates in South Korea's top export market will be raised as early as this week to combat higher inflation.
Published 13 Sep, 2007 12:00am
FTSE higher as record crude boosts oils

FTSE higher as record crude boosts oils

Britain's leading shares reversed earlier losses in late trade on Wednesday, as record US crude prices boosted heavyweight oil stocks and BAE Systems supported. The FTSE 100 ended 25.5 points or 0.4 percent higher at 6,306.2, after falling to 6,232.0 earl
Published 13 Sep, 2007 12:00am
Abu Dhabi gold sales unchanged

Abu Dhabi gold sales unchanged

The volume of Abu Dhabi gold sales were virtually unchanged in August from the year-ago period, but sales were expected to ease in September, the head of the emirate's Gold and Jewellery Group said on Wednesday. "It was a typically quiet period for Abu Dh
Published 13 Sep, 2007 12:00am
London sugar sets 26-month low; cocoa and coffee down

London sugar sets 26-month low; cocoa and coffee down

London white sugar futures fell to a 26-month low on Wednesday as talk circulated of plentiful Brazilian supplies available to deliver against October which expires on Friday, dealers said. Cocoa ended down but held key support around its recent six-month
Published 13 Sep, 2007 12:00am
Oil hits record $80 in New York

Oil hits record $80 in New York

Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in the United States and potential supply disruptions from a tropical storm in the Gulf of Mexico. The surge in oil prices came a day after Opec ag
Published 13 Sep, 2007 12:00am
Oil hits record $80 in New York

Oil hits record $80 in New York

Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in the United States and potential supply disruptions from a tropical storm in the Gulf of Mexico. The surge in oil prices came a day after Opec ag
Published 13 Sep, 2007 12:00am
Oil hits record $80 in New York

Oil hits record $80 in New York

Crude oil prices vaulted to a record high $80 a barrel on Wednesday as dealers focused on tight inventories in the United States and potential supply disruptions from a tropical storm in the Gulf of Mexico. The surge in oil prices came a day after Opec ag
Published 13 Sep, 2007 12:00am
US exporters sell 168,000 tonnes wheat

US exporters sell 168,000 tonnes wheat

Private exporters reported the sale of 168,000 tonnes of wheat for delivery to unknown destinations in the 2007/08 marketing year, the US Agriculture Department said Wednesday. Of that total, 70,000 tonnes were hard red spring wheat, 52,500 tonnes were ha
Published 13 Sep, 2007 12:00am
New York cotton futures soar

New York cotton futures soar

Cotton futures ended with strong gains on Wednesday, lifted by speculative buyers who took it to a one-month high, after shrugging off a USDA report that most analysts deemed bearish because of an increased crop outlook for the United States and the world
Published 13 Sep, 2007 12:00am
Copper slips after rally

Copper slips after rally

Copper eased on Wednesday as investors booked profits from a four percent rally in the previous session and analysts were sceptical whether fundamentals would allow prices to move much higher. "I am still negative on copper...at the moment with the threat
Published 13 Sep, 2007 12:00am
Gold stays near 16-month high

Gold stays near 16-month high

Gold eased on Wednesday as investors took profits from its 16-month highs, but a record low dollar and bullish sentiment might lift the metal towards last year's 26-year peak, analysts said.
Published 13 Sep, 2007 12:00am
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