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Print - 2015-03-15
Drought drives down Kenyan tea output

Drought drives down Kenyan tea output

A drought in recent weeks in Kenya is driving down tea output and processing factories are receiving fewer deliveries from fields each week, the East African country's leading tea-producing group said on Wednesday. The Kenya Tea Development Agency, repres
Published 15 Mar, 2015 12:00am
Asia's cocoa butter ratios down on weak demand

Asia's cocoa butter ratios down on weak demand

Asia's cocoa butter ratios sank further this week, and were at their lowest in 22 months on the back of concerns over weak demand from Europe and chocolate manufacturers holding off buying as they relied more on existing stocks. Chocolate manufacturers we
Published 15 Mar, 2015 12:00am
Indian soya futures rise, sugar falls

Indian soya futures rise, sugar falls

Indian soya futures rose on Friday, taking cue from rival palm oil, while rapeseed closed higher on expectation of lower output due to weather worries in growing areas of northwest region. The benchmark May contract on the Bursa Malaysia Derivatives Excha
Published 15 Mar, 2015 12:00am
Oil cake market rates

Oil cake market rates

The March vaida was lower and the May contract was unchanged on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The March vaida closed at Rs 1424.30 on Thursday and it commenced with 20 paisa fall at Rs 1424.10 i
Published 15 Mar, 2015 12:00am
Cotton market: fresh rains effect slight rise in prices

Cotton market: fresh rains effect slight rise in prices

Further rains in the country caused marginal improvement in the rates on the cotton market on Saturday in the process of lean business, dealers said. The official spot rate was unchanged at Rs 5000, dealers said. In the ready session, around 3,000 bales o
Published 15 Mar, 2015 12:00am
Russia's gold production seen rising by three percent in 2015

Russia's gold production seen rising by three percent in 2015

Russia's 2015 gold production is likely to rise by 3 percent in annual terms to 298 tonnes, Sergei Kashuba, head of Russia's Gold Producers Union, told reporters on Wednesday. While a slump in the rouble since early 2014 has made many investors wary of st
Published 15 Mar, 2015 12:00am
US FOB Gulf corn, soyabean premiums hold steady

US FOB Gulf corn, soyabean premiums hold steady

Corn and soyabean export premiums at the US Gulf Coast held steady on Friday, underpinned by firm CIF barge basis values and lower futures prices, traders said. Spot CIF corn basis bids climbed to a two-month high on Friday and spot soyabean bids hit a tw
Published 15 Mar, 2015 12:00am
Rising trend on grain market

Rising trend on grain market

Rising trend prevailed on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab gained Rs 125 to Rs 12125 and Moong Afghan went up sharply by Rs 500 to Rs 13125, Gur rose by Rs 400 to Rs 5500 and
Published 15 Mar, 2015 12:00am
EU wheat helped by warm winter, harvest hopes rise

EU wheat helped by warm winter, harvest hopes rise

Unusually warm winter weather in western Europe means wheat has escaped major frost damage in leading producers, creating pre-conditions for a large harvest this summer, observers said on Friday. "Frost damage is still possible for a couple more weeks but
Published 15 Mar, 2015 12:00am
US Midwest corn bids steady to higher

US Midwest corn bids steady to higher

US Midwest corn basis bids were steady to higher after the close on Friday amid the 8-cent drop in nearby futures and slow farmer movement, merchants said. Big corn processors including those at Decatur, Illinois, and Blair, Nebraska, firmed their basis 2
Published 15 Mar, 2015 12:00am
US Midwest corn bids steady to higher

US Midwest corn bids steady to higher

US Midwest corn basis bids were steady to higher after the close on Friday amid the 8-cent drop in nearby futures and slow farmer movement, merchants said. Big corn processors including those at Decatur, Illinois, and Blair, Nebraska, firmed their basis 2
Published 15 Mar, 2015 12:00am
Asian coffee: robusta prices soften on weaker global futures

Asian coffee: robusta prices soften on weaker global futures

Lower robusta futures put pressure on Asian physical coffee quotations this week, pushing Vietnamese beans to fresh lows, while Indonesian coffee prices fell around 2 percent, traders said on Thursday. The drop in Vietnamese prices has caused coffee farme
Published 15 Mar, 2015 12:00am
US natural gas futures end unchanged

US natural gas futures end unchanged

US natural gas futures ended near unchanged on Friday as forecasts for slightly cooler weather over the next two weeks offset expectations for ample supplies. Front-month gas futures on the New York Mercantile Exchange closed down 0.7 cents at $2.727 per
Published 15 Mar, 2015 12:00am
Asian rice prices weaken on rising supplies

Asian rice prices weaken on rising supplies

Asian rice prices weakened this week due to oversupply in Thailand while an ongoing stockpiling plan in Vietnam and sales across the border to China helped offset the decline in Vietnamese grain prices, traders said on Wednesday. Chinese and Thai official
Published 15 Mar, 2015 12:00am
China's sugar output seen dropping sharply in 2014-15

China's sugar output seen dropping sharply in 2014-15

Analysts predict Chinese sugar production could drop by almost a fifth in 2014/15, with recent output data from the country's top growing region plunging from the year before. Production in the province of Guangxi, accounting for about two thirds of the c
Published 15 Mar, 2015 12:00am
Asian naphtha up at one-month high

Asian naphtha up at one-month high

Asia's naphtha crack was at a one-month's high of $110.13 a tonne on Friday, supported by expecations of fewer cargoes coming to Asia following a shutdown of the Houston Shipping Channel. Although the channel has reopened after a brief closure caused by w
Published 15 Mar, 2015 12:00am
India's sugar output could rise nearly two percent

India's sugar output could rise nearly two percent

India's sugar output could rise nearly 2 percent this year from a revious forecast, as production in top-producing state Maharashtra is expected to hit a record high, trade and government officials said on Thursday. India's sugar output is expected to rea
Published 15 Mar, 2015 12:00am
Italian coffee importer sees reluctance to change blends

Italian coffee importer sees reluctance to change blends

Italian coffee roasters are unlikely to change blends despite low premiums of arabica over robusta, a senior coffee industry executive said. "Having blends already tested with robusta, it is difficult for roasters to change blends and opt for increased us
Published 15 Mar, 2015 12:00am
Dry weather expected in Brazil coffee regions in April, May

Dry weather expected in Brazil coffee regions in April, May

Dry weather will continue in the northern portions of Brazil's main coffee-growing regions in April and spread to the southern portions in May, Donald Keeney, senior agricultural meteorologist with Maryland-based MDA Weather Services said on Saturday. Rai
Published 15 Mar, 2015 12:00am
Dry weather, costly fertilizer may hurt Brazil, Ukraine corn output

Dry weather, costly fertilizer may hurt Brazil, Ukraine corn output

Brazil's corn output is expected to come under pressure this year due to dry weather, while high costs for fertilizers in strife-torn Ukraine will curb production there, a senior agricultural analyst said on Wednesday. Lower supplies in Brazil and Ukraine
Published 15 Mar, 2015 12:00am
Brazil cuts soyabean crop forecast

Brazil cuts soyabean crop forecast

Brazilian government crop supply agency Conab on Tuesday cut its forecast for the 2014/15 soybean harvest to 93.3 million tonnes from its February outlook of 94.6 million tonnes, reducing estimates for planted area as well as yield. Conab's previous estim
Published 15 Mar, 2015 12:00am
China's copper output rises 15.8 percent on-year in January-February

China's copper output rises 15.8 percent on-year in January-February

China's production of refined copper rose 15.8 percent year on year in the first two months of 2015, data from the National Bureau of Statistics showed on Thursday. The bureau did not release the breakdown for January and February to avoid distortion due
Published 15 Mar, 2015 12:00am
Mild weather spurs talk of early US spring wheat planting

Mild weather spurs talk of early US spring wheat planting

Unusually mild temperatures in the northern US Plains have farmers talking about planting spring wheat before the end of March, weeks ahead of normal, producers and crop experts said on Friday. "There is some conversation (about planting) here in the Dako
Published 15 Mar, 2015 12:00am
North Dakota expects oil output to slip through June

North Dakota expects oil output to slip through June

North Dakota's oil production should fall for the next three months as producers throttle back amidst low crude prices and prepare for a probable $5 billion tax break that could take effect in June, state officials said on Thursday. Oil production in the
Published 15 Mar, 2015 12:00am
Argentina buys 950,000 barrels of crude as output falls

Argentina buys 950,000 barrels of crude as output falls

Argentina's state-owned Enarsa has bought 950,000 barrels of crude oil to make up for a declining production levels in the southern Neuquen province, the president of Shell Argentina said on Wednesday. Juan Jose Aranguren said the shipment would land in e
Published 15 Mar, 2015 12:00am
US farmers favour soyabean plantings this year: economist

US farmers favour soyabean plantings this year: economist

A senior farm economist on Thursday said US grain farmers are planning to plant more soyabeans this year, at the expense of corn acreage. "I would expect more soyabeans and less corn," Gary Schnitkey, a senior University of Illinois farm economist, told t
Published 15 Mar, 2015 12:00am
'Nigeria should curb president's oil licensing powers'

'Nigeria should curb president's oil licensing powers'

The Nigerian president's power to grant oil licences should be removed and the government should float 30 percent of the state oil company, lawmakers recommended in a report on a bill aimed at cleaning up the industry in Africa's top crude producer. An ex
Published 15 Mar, 2015 12:00am
Poor Ghana output weighing on global cocoa forecasts

Poor Ghana output weighing on global cocoa forecasts

Harsh weather in Ghana has pushed many in the cocoa market to predict a global deficit, a senior Olam executive said. "We've been forecasting a deficit in the cocoa market for this season. And a lot of that has been the drop in production that we've seen
Published 15 Mar, 2015 12:00am
Hedge funds slash bullish oil bets to November lows on supply worries

Hedge funds slash bullish oil bets to November lows on supply worries

Hedge funds and other big speculators cut their bullish wagers on US crude for a second straight week, to the lowest since November, as worries about oil oversupplies grew, data showed on Friday. Global crude prices, including that of the US West Texas In
Published 15 Mar, 2015 12:00am
Brazil will not step up intervention to buoy currency

Brazil will not step up intervention to buoy currency

Brazilian authorities will not bow to market pressure to increase support for the real despite the currency's sharp sell-off on Friday, four government sources told Reuters. The real weakened nearly 4 percent on Friday, hitting 3.28 per dollar, its weakes
Published 15 Mar, 2015 12:00am
Egypt's Sawiris considers buy in Italy internet sector

Egypt's Sawiris considers buy in Italy internet sector

Naguib Sawiris is considering making an acquisition in Italy's Internet sector, the Egyptian tycoon said in an interview published on Saturday. Sawiris, whose family founded Egypt's giant Orascom group, said in an interview with Corriere della Sera that h
Published 15 Mar, 2015 12:00am
Boeing starts building 737 wings with new automated system

Boeing starts building 737 wings with new automated system

Boeing Co has started using a new automated system to build wing panels for 737 jetliners, an important step in preparing to hit record production speeds while introducing new models of the popular plane. The robotic system, known as the Panel Assembly Li
Published 15 Mar, 2015 12:00am
Mali forecasts 2015 gold production to slip to 48.9 tonnes

Mali forecasts 2015 gold production to slip to 48.9 tonnes

Mali, the third-largest gold producer in sub-Saharan Africa, has trimmed its forecast for gold production this year to 48.9 tonnes from 49.8 tonnes in 2014 as production from some mature mines dwindles, the mines ministry said. Lassana Guindo, technical a
Published 15 Mar, 2015 12:00am
Egypt plans to build new capital east of Cairo

Egypt plans to build new capital east of Cairo

Egypt plans to build a new administrative and business capital east of Cairo that will house five million people and feature a theme park "four times bigger than Disneyland", a minister announced at a global investor conference. Housing Minister Mustafa K
Published 15 Mar, 2015 12:00am
Uber in deal with China's BYD to test electric cars

Uber in deal with China's BYD to test electric cars

Uber Inc said on Friday it struck a deal with Chinese automaker BYD Co Ltd to test a fleet of electric cars for its drivers. The test program, which kicked off a few weeks ago in Chicago and could eventually expand to other cities, is the Silicon Valley s
Published 15 Mar, 2015 12:00am
UBS raises litigation provisions, lowers reported profit

UBS raises litigation provisions, lowers reported profit

Swiss bank UBS has revised down its fourth-quarter net profit by 105 million Swiss francs ($104 million), primarily because it increased litigation provisions to 3.05 billion francs. The adjustment to net profit attributable to shareholders means that the
Published 15 Mar, 2015 12:00am
UBS raises litigation provisions, lowers reported profit

UBS raises litigation provisions, lowers reported profit

Swiss bank UBS has revised down its fourth-quarter net profit by 105 million Swiss francs ($104 million), primarily because it increased litigation provisions to 3.05 billion francs. The adjustment to net profit attributable to shareholders means that the
Published 15 Mar, 2015 12:00am
New Japan bullet train links Tokyo with ancient Kanazawa

New Japan bullet train links Tokyo with ancient Kanazawa

Japan on Saturday launched a new Shinkansen bullet train service linking Tokyo with the ancient city of Kanazawa, which is famed for its huge castle and traditional food and crafts. Operating at speeds of to 260 kilometres (160 miles) per hour, it cuts tr
Published 15 Mar, 2015 12:00am
BlackBerry wins dismissal of US lawsuit over BlackBerry 10

BlackBerry wins dismissal of US lawsuit over BlackBerry 10

BlackBerry Ltd on Friday won the dismissal of a US lawsuit accusing it of fraudulently inflating its stock price by painting a misleadingly upbeat picture of the prospects for its BlackBerry 10 smartphone line. US District Judge Thomas Griesa in Manhattan
Published 15 Mar, 2015 12:00am
Yemeni opposition announces united front against Houthis

Yemeni opposition announces united front against Houthis

Opponents of Yemen's Houthi militia announced the formation of a national alliance on Saturday to restore the authority of the state, in a major shakeup of Yemen's political landscape. Shi'ite Muslim Houthis invaded Yemen's capital, Sanaa, in September an
Published 15 Mar, 2015 12:00am
Zimbabwe inmate dies, 11 injured in prison protest

Zimbabwe inmate dies, 11 injured in prison protest

A Zimbabwean prisoner died and 11 people were seriously injured on Friday in a violent protest by inmates at a maximum prison in the capital, the department of correctional services said. Guards at Chikurubi Maximum Security Prison fired warning shots to
Published 15 Mar, 2015 12:00am
Serbian military helicopter crashes, 7 dead including child

Serbian military helicopter crashes, 7 dead including child

A Serbian military helicopter carrying a sick baby for treatment in Belgrade crashed near the capital's main airport on Friday evening, the defence ministry said on Saturday. Seven people - four crew members, two medical workers and the baby - were killed
Published 15 Mar, 2015 12:00am
Huge Pacific cyclone devastates Vanuatu, at least eight dead

Huge Pacific cyclone devastates Vanuatu, at least eight dead

One of the Pacific Ocean's most powerful ever storms devastated the island nation of Vanuatu on Saturday, tearing off roofs, uprooting trees and killing at least eight people with the toll set to rise, aid officials said. The United Nations was preparing
Published 15 Mar, 2015 12:00am
US, Cuba to meet again

US, Cuba to meet again

American and Cuban diplomats will meet early next week for a third round of historic talks on restoring diplomatic ties and reopening their embassies, US officials said Friday. Top US diplomat for Latin America, Roberta Jacobson, will travel back to Havan
Published 15 Mar, 2015 12:00am
Pope ready to help improve ties between Belarus and EU

Pope ready to help improve ties between Belarus and EU

Pope Francis is ready to help improve ties between Belarus and the European Union, a senior papal official said on Saturday in the latest sign of a developing thaw in relations between Brussels and Minsk. Cardinal Pietro Parolin, the Vatican secretary of
Published 15 Mar, 2015 12:00am
China summons Myanmar ambassador

China summons Myanmar ambassador

China has summoned the Myanmar ambassador for a meeting in Beijing after a bomb from a Myanmar aircraft fell in Chinese territory and killed four Chinese people, China's foreign ministry said on Saturday. Myanmar government forces have been battling rebel
Published 15 Mar, 2015 12:00am
Japanese warship broke up as it sank near Philippines

Japanese warship broke up as it sank near Philippines

Some of the first video taken of the sunken Japanese battleship Musashi, newly discovered by Microsoft co-founder Paul Allen's exploration team, reveals that the vessel broke apart before coming to rest on the sea floor near the Philippines in 1944, resea
Published 15 Mar, 2015 12:00am
Afghanistan gave CIA money to al Qaeda for diplomat's ransom

Afghanistan gave CIA money to al Qaeda for diplomat's ransom

About $1 million provided by the CIA to a secret Afghan government fund ended up in the hands of al Qaeda in 2010 when it was used to pay a ransom for an Afghan diplomat, the New York Times reported on Saturday. Al Qaeda leader Osama bin Laden had at firs
Published 15 Mar, 2015 12:00am
Elderly nun raped in Indian convent school

Elderly nun raped in Indian convent school

A nun in her seventies was raped in the early hours of Saturday when a group of about five intruders broke into a convent school in eastern India, police said. The group vandalised the school and then one of them attacked the nun, local police officer Abh
Published 15 Mar, 2015 12:00am
Gandhi gets London statue near nemesis, Churchill

Gandhi gets London statue near nemesis, Churchill

A statue of Indian independence leader Mahatma Gandhi was unveiled on Saturday in London's prestigious Parliament Square, a space packed mostly with monuments to men who served the British Empire that Gandhi helped destroy. In an ironic twist noted by the
Published 15 Mar, 2015 12:00am
Google executives woo Cuba IT students

Google executives woo Cuba IT students

Cuba may have one of the lowest rates of Internet access in the world, but that hasn't dissuaded Google from sending over some of its leading lights. Executives from its in-house think tank Google Ideas are on a visit to the communist island - which is in
Published 15 Mar, 2015 12:00am
Turkish central bank's credibility must be increased

Turkish central bank's credibility must be increased

The Turkish central bank's hand must be strengthened by increasing its credibility, Finance Minister Mehmet Simsek said on Saturday. The bank has found itself at the heart of a political storm in recent months, after sustained criticism of its rates polic
Published 15 Mar, 2015 12:00am
Siemens settles long-running dispute with Mexico's Pemex

Siemens settles long-running dispute with Mexico's Pemex

Germany's Siemens AG said on Friday it settled a longstanding dispute with Mexican state oil company Pemex over two public contracts linked to a South Korean company. Pemex has been at loggerheads with Siemens and South Korea's SK Engineering & Constructi
Published 15 Mar, 2015 12:00am
Carbon emissions stall after almost 40 years of gains: IEA

Carbon emissions stall after almost 40 years of gains: IEA

Global emissions of carbon dioxide in the energy sector stalled in 2014, breaking steady rises over the past four decades except in years with an economic downturn, the International Energy Agency said on Friday. Emissions of carbon dioxide were flat at 3
Published 15 Mar, 2015 12:00am
Carbon emissions stall after almost 40 years of gains: IEA

Carbon emissions stall after almost 40 years of gains: IEA

Global emissions of carbon dioxide in the energy sector stalled in 2014, breaking steady rises over the past four decades except in years with an economic downturn, the International Energy Agency said on Friday. Emissions of carbon dioxide were flat at 3
Published 15 Mar, 2015 12:00am
Czech central bank should leave FX regime

Czech central bank should leave FX regime

The Czech central bank should leave its policy of keeping the crown exchange rate weak when forecasts indicate that interest rates need to go up by 50 to 100 basis points, board member Jiri Rusnok told daily Mlada fronta Dnes in an interview published on
Published 15 Mar, 2015 12:00am
Swiss government resists pressure to lessen franc shock

Swiss government resists pressure to lessen franc shock

Switzerland's government has shrugged off requests by political parties to lessen the economic impact of the removal of a cap on the value of the Swiss franc, the Swiss national news agency reported on Saturday. In written answers to questions put by seve
Published 15 Mar, 2015 12:00am
China's BYD takes aim at Tesla in battery factory race

China's BYD takes aim at Tesla in battery factory race

Chinese automaker BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway Inc, aims to triple its production of batteries as it takes on Tesla Motors in the race to supply electric vehicles and boost energy storage. Shenzhen-based BYD plans to add 6 gig
Published 15 Mar, 2015 12:00am
UK's pension funds seek riskier, illiquid bets to make returns they need

UK's pension funds seek riskier, illiquid bets to make returns they need

British pension funds are coping with low bond yields and high share prices by seeking riskier investments, in a hunt for the returns they need to meet their obligations to pensioners. Collectively managing at least 2.5 trillion pounds ($3.69 trillion), p
Published 15 Mar, 2015 12:00am
Oil helps Asian central banks stray from Fed's shadow

Oil helps Asian central banks stray from Fed's shadow

Asian central banks are running their own race on monetary policy for the first time in decades, cutting interest rates with a breezy confidence that is absent from other big emerging markets, thanks largely to weak oil prices. As recently as 2013, when t
Published 15 Mar, 2015 12:00am
US appeals ruling on size of BP oil spill

US appeals ruling on size of BP oil spill

The US government is appealing a federal court ruling that reduced the potential penalty BP Plc must pay for the 2010 Gulf of Mexico oil spill by almost $4 billion. The appeal, which was filed on Friday in US District Court in New Orleans, challenges a Ja
Published 15 Mar, 2015 12:00am
Court gives Sahara last chance to raise funds against properties

Court gives Sahara last chance to raise funds against properties

India's top court on Friday gave conglomerate Sahara, whose boss has been in a jail for a year, a final chance to raise funds against its properties in order to bail out its chairman. The Supreme Court will appoint a receiver and auction the conglomerate'
Published 15 Mar, 2015 12:00am
Long tail of small active European funds on borrowed time

Long tail of small active European funds on borrowed time

When British investment firm Hargreaves Lansdown compiled a list of the best funds for its clients more than a decade ago, it came up with 150 names. Now only 84 make the grade. The shrinkage of Hargreaves' 'Wealth 150' list is all the more striking becau
Published 15 Mar, 2015 12:00am
Long tail of small active European funds on borrowed time

Long tail of small active European funds on borrowed time

When British investment firm Hargreaves Lansdown compiled a list of the best funds for its clients more than a decade ago, it came up with 150 names. Now only 84 make the grade. The shrinkage of Hargreaves' 'Wealth 150' list is all the more striking becau
Published 15 Mar, 2015 12:00am
Low volatility ETFs sound the same but bring different results

Low volatility ETFs sound the same but bring different results

Investors are flinging money at low-volatility exchange-traded funds at a record pace in hopes of protecting their portfolios from wild swings in equity markets, but they may not get all the coverage they expect. That's because there are dramatic differen
Published 15 Mar, 2015 12:00am
Low volatility ETFs sound the same but bring different results

Low volatility ETFs sound the same but bring different results

Investors are flinging money at low-volatility exchange-traded funds at a record pace in hopes of protecting their portfolios from wild swings in equity markets, but they may not get all the coverage they expect. That's because there are dramatic differen
Published 15 Mar, 2015 12:00am
Nasdaq to challenge ICE and CME with new energy futures market

Nasdaq to challenge ICE and CME with new energy futures market

Nasdaq OMX Group said on Wednesday it is expanding into energy derivatives with energy futures and options set to trade on the Nasdaq Futures Exchange at less than half the prices charged by incumbents CME Group and Intercontinental Exchange. The energy f
Published 15 Mar, 2015 12:00am
TSX declines as energy shares slip

TSX declines as energy shares slip

Canada's main stock index fell on Friday as renewed concerns about oversupply of crude and a strong US dollar triggered a drop in oil prices and sent shares of energy producers lower. Oil's latest decline was driven by a report from the International Ener
Published 15 Mar, 2015 12:00am
Hanesbrands, Equinix to join S&P 500; Avon Products to leave

Hanesbrands, Equinix to join S&P 500; Avon Products to leave

Hanesbrands will replace Avon Products in the S&P 500 after the close on March 20, while Equinix will replace Denbury Resources, S&P Dow Jones Indices said on Friday. Also after the close on March 20, SL Green Realty Corp will replace Nabors Industries Lt
Published 15 Mar, 2015 12:00am
Hanesbrands, Equinix to join S&P 500; Avon Products to leave

Hanesbrands, Equinix to join S&P 500; Avon Products to leave

Hanesbrands will replace Avon Products in the S&P 500 after the close on March 20, while Equinix will replace Denbury Resources, S&P Dow Jones Indices said on Friday. Also after the close on March 20, SL Green Realty Corp will replace Nabors Industries Lt
Published 15 Mar, 2015 12:00am
Treasuries ease ahead of Fed talks after strong gains

Treasuries ease ahead of Fed talks after strong gains

US Treasury debt prices fell on Friday after a week of strong gains, shrugging off a brief upturn on surprisingly weak and bond-friendly American producer price data. Institutional investors shifted focus from Europe's massive bond-buying program that dro
Published 15 Mar, 2015 12:00am
Treasuries ease ahead of Fed talks after strong gains

Treasuries ease ahead of Fed talks after strong gains

US Treasury debt prices fell on Friday after a week of strong gains, shrugging off a brief upturn on surprisingly weak and bond-friendly American producer price data. Institutional investors shifted focus from Europe's massive bond-buying program that dro
Published 15 Mar, 2015 12:00am
Europe's largest stock exchange BATS eyes bond market expansion

Europe's largest stock exchange BATS eyes bond market expansion

Europe's largest stock exchange is looking at opportunities to expand into fixed income, as regulators push for more transparency in this largely over-the-counter market. Mark Hemsley, the chief operating officer of BATS Chi-X Europe, part of US-based BAT
Published 15 Mar, 2015 12:00am
Argentina says bond payment must go through despite US ruling

Argentina says bond payment must go through despite US ruling

Argentina on Friday demanded banks operating in the country process bond interest payments despite a US court ruling that prohibited Citigroup Inc from distributing coupon payments on the country's local law bonds. The government of leftist President Cris
Published 15 Mar, 2015 12:00am
Argentina says bond payment must go through despite US ruling

Argentina says bond payment must go through despite US ruling

Argentina on Friday demanded banks operating in the country process bond interest payments despite a US court ruling that prohibited Citigroup Inc from distributing coupon payments on the country's local law bonds. The government of leftist President Cris
Published 15 Mar, 2015 12:00am
Telecom Italia tower unit files for share listing

Telecom Italia tower unit files for share listing

Telecom Italia said on Friday its tower unit Infrastructure Wireless Italiane (Inwit) had filed with the Italian market regulator to list its shares on the Milan bourse. In a statement, the Italian telecoms group said it will keep a majority stake in Inwi
Published 15 Mar, 2015 12:00am
Telecom Italia tower unit files for share listing

Telecom Italia tower unit files for share listing

Telecom Italia said on Friday its tower unit Infrastructure Wireless Italiane (Inwit) had filed with the Italian market regulator to list its shares on the Milan bourse. In a statement, the Italian telecoms group said it will keep a majority stake in Inwi
Published 15 Mar, 2015 12:00am
Budapest bourse shines, aided by government policy shift

Budapest bourse shines, aided by government policy shift

Hungary's improved economic prospects and more market-friendly signals from the government could help the Budapest Stock Exchange (BET) outperform its main regional counterparts this year, the bourse's vice president said on Monday. Since 2010, when Prime
Published 15 Mar, 2015 12:00am
Dow, S&P fall for third straight week

Dow, S&P fall for third straight week

US stocks fell on Friday and the Dow and S&P 500 registered a third week of losses as the dollar resumed its climb, adding to worries about its impact on US multinationals' earnings. Major indexes ended off the day's lows, however, as traders took some pr
Published 15 Mar, 2015 12:00am
Rand extends losses on dollar pressure

Rand extends losses on dollar pressure

South Africa's rand extended losses against the dollar on Friday, falling to a new 13-year low, as the US currency firmed on expectations the Federal Reserve could hike rates by June. The rand breached the psychological 12.5000 level to the dollar on the
Published 15 Mar, 2015 12:00am
Zambia's kwacha falls sharply against resurgent dollar

Zambia's kwacha falls sharply against resurgent dollar

Zambia's kwacha fell more than 1 percent against the dollar to a record low on Friday as the dollar strengthened globally, traders said. The kwacha was trading at 7.3250 against the dollar by 1414 GMT, after earlier hitting an intra-day low of 7.3450. "It
Published 15 Mar, 2015 12:00am
Mexico launches new currency measures, peso off record low

Mexico launches new currency measures, peso off record low

Mexico moved on Wednesday to stem a slide in the peso to record lows, selling a first $52 million tranche under plans to auction around $3 billion over the next three months and slowing the pace of reserve accumulation. The $52 million daily dollar auctio
Published 15 Mar, 2015 12:00am
Battered oil, jobs outlook yank Canadian dollar to six-year lows

Battered oil, jobs outlook yank Canadian dollar to six-year lows

The Canadian dollar closed at its weakest level against the US dollar in six years on Friday as crude prices had their worst week in three months and February jobs data underscored expectations of a soft labour market in the coming months. Canadian jobs d
Published 15 Mar, 2015 12:00am
India's forex reserves fall

India's forex reserves fall

India's foreign exchange reserves fell to $337.79 billion as of March 6, compared with $338.08 billion a week earlier, the Reserve Bank of India said on Friday. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciat
Published 15 Mar, 2015 12:00am
South Korea eyes June launch of yuan-won futures

South Korea eyes June launch of yuan-won futures

South Korea plans to launch yuan-won futures contracts as early as June as part of its efforts to boost activity in Seoul's new yuan-won market according to sources at the finance ministry and Korea Stock Exchange with knowledge of the matter. The futures
Published 15 Mar, 2015 12:00am
US dollar net longs highest in four weeks

US dollar net longs highest in four weeks

Positive bets on the US dollar rose to its highest level in four weeks as some speculators rebuilt bearish bets on the euro as the European Central Bank started its 1.1 trillion euro bond stimulus program this week, according to data from the Commodity Fu
Published 15 Mar, 2015 12:00am
Denmark's central bank chief says crown not 'undervalued'

Denmark's central bank chief says crown not 'undervalued'

Denmark's central bank Governor Lars Rohde said on Thursday that the Danish crown was not "undervalued" and reiterated his pledge to defend the three-decade old currency peg which has come under pressure in the past few months. "There is no discussion wha
Published 15 Mar, 2015 12:00am
US seeks billions from global banks in currency investigation

US seeks billions from global banks in currency investigation

The US Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, Bloomberg reported on Friday, citing people familiar with the talks. The figure is a starting point in settlement discuss
Published 15 Mar, 2015 12:00am
US dollar to extend rally: Top FX forecaster in 2014

US dollar to extend rally: Top FX forecaster in 2014

The most accurate forecaster in last year's Reuters foreign exchange polls expects the continued dominance of the US dollar and a plethora of policy easing from global central banks to keep currencies in a narrow range in 2015. The dollar has had an almos
Published 15 Mar, 2015 12:00am
Venezuela bolivar weakens to 187.8 per dollar on new forex market

Venezuela bolivar weakens to 187.8 per dollar on new forex market

The Venezuelan bolivar weakened on Friday on the new Simadi foreign exchange platform, reaching 187.8 bolivars per dollar amid disappointment over the system, which has failed to satiate avid demand for dollars. The government of President Nicolas Maduro
Published 15 Mar, 2015 12:00am
Dollar-buying momentum trumps weak US data, euro skids lower

Dollar-buying momentum trumps weak US data, euro skids lower

Dollar-buying momentum lifted the greenback to a fresh 12-year high against the euro on Friday, overcoming disappointing US inflation and consumer sentiment data that would normally weaken it. Positioning ahead of the Federal Reserve's monetary policy mee
Published 15 Mar, 2015 12:00am
Bournemouth, Watford and Boro level in Championship race

Bournemouth, Watford and Boro level in Championship race

Bournemouth, Watford and Middlesbrough all scored convincing wins at the top of the tightest league in Europe on Saturday but Derby County faltered in the English Championship title race by drawing at fellow promotion hopefuls Norwich City. Bournemouth, s
Published 15 Mar, 2015 12:00am
Pietersen could skip IPL to push England recall bid

Pietersen could skip IPL to push England recall bid

England batsman Kevin Pietersen could push his bid for an international recall by missing the Indian Premier League in favour of playing English county cricket. The 34-year-old, who won 104 test and 136 one-day caps, has not played international cricket f
Published 15 Mar, 2015 12:00am
Quick-fire Australia romp past Scotland

Quick-fire Australia romp past Scotland

Australia finished second in Pool A after Mitchell Starc bowled the World Cup co-hosts to a seven-wicket victory against Scotland in a match that lasted just 41 overs at the Bellerive Oval on Saturday. Starc (4-14) and Pat Cummis (3-42) set up Australia's
Published 15 Mar, 2015 12:00am
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