Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar, dealers said. The rupee managed to hold overnight levels in relation to the dollar for buying and selling at Rs 105.25 and Rs 105.45 respectively,
Firmness prevailed on the money market on Saturday as the rupee held the overnight levels versus the dollar, dealers said. The rupee managed to hold overnight levels in relation to the dollar for buying and selling at Rs 105.25 and Rs 105.45 respectively,
Asia's naphtha crack fell for a third straight session on Wednesday to a five-session low of $40.30 a tonne as the market focused on cracker outages and looked past a steady stream of demand. South Korea's YNCC bought two naphtha cargoes at discounts of a
Discounts of Vietnamese coffee widened on Thursday as local prices hit their highest since May 2013, while differentials were little changed in Indonesia at the end of the harvest season, traders said on Thursday. Harvesting is expected to peak up in a mo
Hard red winter wheat export premiums for shipments from the US Gulf Coast were steady with a firm tone on Thursday, supported by strong global demand for high-protein wheat and tight supplies from rival exporters, traders said.
ICE Canadian canola futures climbed on Thursday to a near three-month high, as wet, snowy weather stalled the harvest in Western Canada and prompted speculator buying. Some 77 percent of Saskatchewan's canola was harvested as of Monday. The overall harves
A sharp rise in sugar prices this year has helped transform the outlook for Brazil's sugar industry with the future now bright for a sector which suffered many closures and bankruptcies in recent years, the CEO of Louis Dreyfus said on Wednesday.
Thai rice export prices widened on Wednesday as prospects of higher exports to China and Iran brightened and on a government plan to stockpile at least 10 million tonnes, while prices in Vietnam edged up on demand from the Philippines, traders said. The T
On the back of strong mills and some exporters' buying prices moved up further on the cotton market on Saturday, dealers said. The official spot rate rose by Rs 25 to Rs 6000, dealers said. Phutti rates in Sindh were firm at Rs 2900-3250, they said. In th
China, the world's top soyabean buyer, imported 7.19 million tonnes of the oilseed in September, almost level with the same month last year, and well above market forecasts as buyers rushed to fill a looming supply gap. Imports, only slightly lower than l
Liquefied petroleum gas (LPG), long a niche product used in petrochemicals, as well as for cooking and outdoor heating, is entering a new era as a wave of supply from the US shale boom cuts prices, spreading its use in emerging markets, a major shipper sa
Prices were generally firm in Europe's vegetable oil market on Wednesday, in cautious dealing before new crop estimates were published by the US Department of Agriculture (USDA) at the end of the European session. Main European trade was reported in palm
Freight rates for large capesize dry cargo ships on key Asian routes are set to slide next week as the number of ships available for charter outpaced cargo demand, ship brokers said on Thursday. "Charterers are in the market but there aren't that many car
Algeria's state grains agency OAIC has bought 450,000 to 500,000 tonnes of milling wheat from optional origins in a tender which closed on Thursday, European traders said on Friday. The north African country, one of the world's largest grain importers, do
Brazil's north eastern poultry producers say they are not planning short-term purchases of US corn, despite the government's recent decision to clear genetically modified varieties for import to ease tight supplies locally. The northeast, a region which h
European wheat futures extended gains on Thursday as US prices rallied on signs of overseas demand, although the rise in Europe was curbed by a steadier euro and a backdrop of slow French wheat exports. December milling wheat on Paris-based Euronext settl
Global premiums for high-protein wheat are expected to rise as unseasonal rains drive down quality in key producers, while Chicago futures are likely trade in a tight range in the next few months, a leading Singapore-based trader said on Wednesday.
Russia announced Monday it is dropping a brief import ban on fruits and vegetables from Egypt, after Cairo backed downed on tough restrictions on wheat that had sparked a row. Russia's agriculture watchdog said in a statement that following a meeting in M
China next year may match its 2016 sales from state cotton reserves to help plug a growing deficit in supply, an influential trade website quoted a government official as saying. Plans by the world's top textile market to sell down its huge reserves of co
Global steel demand will rise by a meagre 0.2 percent this year, according to the World Steel Association (WSA). Next year won't be much better with a forecast of just 0.5 percent growth. But it could have been worse. The WSA has upped its forecasts from
Australia is expected to harvest a near-record wheat crop in 2016/17, slightly ahead of official estimates, a Reuters poll shows, but recent heavy rains may lead to quality downgrades and curb exports. The world's fourth-largest wheat exporter is set to p
Global activists Friday launched a people's tribunal, accusing giant US seeds firm Monsanto of violating human rights and committing the crime of "ecocide", by posing a "major threat" to the environment. Monsanto, which produces genetically-modified seeds
Brazil's main CCCMG physical coffee exchange reported on Friday that trees in the world's leading exporter of the commodity entered into widespread flowering after recent rains, the first signs of the coming 2017 crop after several years of drought.
Egyptian Supply Minister Mohamed Ali El-Sheikh set the price of sugar at government's selling points at 6 Egyptian pounds ($0.6757) per kg following a spike in domestic prices due to a sugar shortage. "The decision aims to control the prices and regulate
The International Coffee Organization on Friday raised its forecast for the 2015/16 crop, partly reflecting higher output in Colombia, but still saw a global deficit for the season. The ICO predicted a global deficit of 3.3. million bags for 2015/16, the
Black pod disease due to weeks of heavy rain in Ivory Coast's western and south-western regions has damaged about a fifth of the cocoa crop, buyers who deliver to the largest bean processors said on Friday. About two thirds of cocoa in Ivory Coast, the wo
The traditionally old-fashioned oil and gas industry could start adopting the technology behind the bitcoin electronic currency within the next year, according to one of the world's largest commodity traders. The commodities world is generally perceived t
Hedge funds boosted their bullish bets on US crude oil for the third week in a row to a more than two-year high, data showed on Friday, as non-Opec countries raised expectations of a joint effort with Opec members to cut output. Money managers raised thei
Bangladeshi and Chinese firms have signed $13.6 billion in trade and investment deals on the sidelines of President Xi Jinping's brief tour to the South Asian nation, a trade group official said Saturday. The deals are in addition to $20 billion in loan a
Egypt's President Abdel Fattah al-Sisi has defended what he described as "tough but unavoidable" reforms ahead of a $12-billion International Monetary Fund loan to revive his country's ailing economy. "The reforms are tough but they're unavoidable to save
India's debt-laden Essar Group confirmed on Saturday that it has agreed to sell a 98 percent interest in its Essar Oil unit to a consortium led by Russia's Rosneft, giving the energy giant a gateway into the world's fastest growing fuel market. The deal w
Brazilian President Michel Temer said on Saturday the government has no plans to increase fuel taxes, a day after state-run oil company Petrobras announced a drop in fuel prices. Friday's price cut by Petroleo Brasileiro SA marked a significant shift foll
The African Union on Saturday adopted an agreement on piracy, illegal fishing and maritime security at a summit in Togo. "We are happy to announce the adoption and signing of a charter on maritime security and safety and development in Africa," Congolese
Leading German car industry manufacturer Continental on Saturday announced it had bought Hornschuch, a maker of films, foam laminates and artificial leather for cars and other applications, to help it expand into other industry sectors. Hornschuch, with s
Banco Popolare and BPM shareholders voted on Saturday to merge the two banks under an accord that will create Italy's third-largest lender and consolidate the country's troubled banking sector. As expected, the "yes" vote won easily at Banco Popolare, wit
Belgium's coalition government has agreed the basics of its budget, finding savings of some three billion euros ($3.4 billion) to help balance the books. "Agreement," said Prime Minister Charles Michel in a tweeted message late Friday after lengthy talks
German Chancellor Angela Merkel said on Saturday that Britain could not get concessions on the freedom of movement while retaining full access to the European single market, or other countries would want the same. Britain, which is leaving the European Un
German carmaker Volkswagen is planning to tighten spending sharply as it deals with fall-out from its diesel emissions cheating scandal, Automobilwoche reported on Saturday. Chief executive Matthias Mueller in an internal meeting demanded that material co
Britain's Ministry of Defence wants to fast-track the purchase of 800 armoured vehicles from Germany because it fears that the fall in the value of sterling could lead to unconfirmed projects being cancelled, the Times newspaper reported on Saturday. A mi
Scotland will set up a trade office in Berlin, boosting its trade departments in readiness for all possibilities, including Scottish independence, after Britain leaves the EU, First Minister Nicola Sturgeon will say on Saturday. The Scottish National Part
The European Central Bank bought more government bonds last week than it has in any week since May, just as the market was roiled by speculation about a possible reduction in purchases, ECB data showed on Monday. The central bank does not comment on why i
The European Central Bank bought more government bonds last week than it has in any week since May, just as the market was roiled by speculation about a possible reduction in purchases, ECB data showed on Monday. The central bank does not comment on why i
Chinese issuers are still giving some investors advance notice of their offerings of offshore bonds, even as European rules clamp down on the practice to contain the risk of insider trading. Debt bankers have cried foul over the handling of lead orders on
Chinese issuers are still giving some investors advance notice of their offerings of offshore bonds, even as European rules clamp down on the practice to contain the risk of insider trading. Debt bankers have cried foul over the handling of lead orders on
Europe Inc's unimpressive performance on earnings over the last five years is expected to continue at least until the end of 2016 as worries over banks and the impact of the Brexit vote weigh on corporate profits. But there may be bright spots - oil produ
Canada's main stock index fell on Friday as a stronger US dollar pressured gold prices and energy companies scrambled to protect pipelines. The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.5 percent as g
The volume and value of UK government bonds changing hands since Britain's decision in June to leave the European Union has soared by as much 400 percent, figures on Tuesday showed. The frenetic trading in UK sovereign debt comes as investors try to chart
The volume and value of UK government bonds changing hands since Britain's decision in June to leave the European Union has soared by as much 400 percent, figures on Tuesday showed. The frenetic trading in UK sovereign debt comes as investors try to chart
Bond trading volume in Europe has declined by 1.5 trillion euros ($1.68 trillion) this year as the fallout from tighter regulation and record low interest rates take their toll on fixed income markets, figures published on Wednesday showed. Bonds worth 20
Bond trading volume in Europe has declined by 1.5 trillion euros ($1.68 trillion) this year as the fallout from tighter regulation and record low interest rates take their toll on fixed income markets, figures published on Wednesday showed. Bonds worth 20
Investors in Asia are embracing smart-beta exchange-traded funds that can boost profits and cut costs in the current climate of low investment returns and even lower interest rates. Traditional beta measures the volatility of a security in relation to the
Forint-denominated government bonds could significantly outperform peers in Poland and other developed markets in the next year despite Hungary's lower credit ratings, according to a quarterly Reuters poll of analysts. In the September 30-October 5 survey
Forint-denominated government bonds could significantly outperform peers in Poland and other developed markets in the next year despite Hungary's lower credit ratings, according to a quarterly Reuters poll of analysts. In the September 30-October 5 survey
Longer-dated US Treasury yields rose sharply on Friday with 30-year bond yields reaching a four-month high after the release of solid US and Chinese economic data and comments from Federal Reserve Chair Janet Yellen, who suggested the central bank may all
Longer-dated US Treasury yields rose sharply on Friday with 30-year bond yields reaching a four-month high after the release of solid US and Chinese economic data and comments from Federal Reserve Chair Janet Yellen, who suggested the central bank may all
US stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors. Financial shares finished up, giving the S&P 500 its biggest boost after stronger-than-expected bank result
The Tanzanian shilling is expected to remain stable next week due to sapped demand for US dollars, while the Kenyan shilling is expected to find support from foreign exchange inflows.
Receding political risks are seen boosting the Polish zloty, and the Czech crown will be helped by the likely removal of the central bank's cap in the next 12 months, a Reuters poll of foreign exchange strategists and analysts showed. The median forecasts
The Canadian dollar gained against a broadly stronger US counterpart on Friday as investor appetite for risk was restored due to Chinese and US economic data that was more robust than expected. The loonie, as the currency is colloquially known, gained mor
The US Treasury said on Friday that none of the United States' major trading partners is manipulating its currency to gain advantage for its exports, in contrast to Republican presidential candidate Donald Trump's threats to declare China a currency manip
The dollar on Friday posted its best weekly performance in more than seven months after strong US retail sales and producer prices data for September reinforced expectations the Federal Reserve would raise interest rates in December. The US currency brief
The Canadian dollar's normally tight link with the price of oil, which broke down in September, likely will not reassert itself until after the US election and a potential interest rate hike by the Federal Reserve, currency strategists say.
Speculators lifted favourable bets on the US dollar for a third straight week, with net longs hitting their highest in more than eight months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The
Nigeria's central bank will sell two-month dollar forwards at an auction on Friday to clear a backlog of demand from airlines, manufacturers and other companies, traders and the ministry of transport said, as the country's currency crisis deepens. Dollar
Analysts are moderating their usually bearish outlook on the Australian and New Zealand dollars as investors desperately search for yield in a low interest rate world. A Reuters poll of 52 analysts saw the Aussie at 76 US cents in one month, one cent high
Sentiment towards most emerging Asian currencies turned bearish in the last two weeks as investors grew more confident in the likelihood of a US interest rate hike in December, a Reuters poll showed. With the dollar on a firm trend, the Chinese yuan saw t
Former world number one Caroline Wozniacki fought her way to the Hong Kong Open finals Saturday after beating defending champion Jelena Jankovic. The currently 22nd-ranked Wozniacki will face France's Kristina Mladenovic, ranked 54, on Sunday. "I'm lookin
Lionel Messi took just three minutes to score on his return from injury as Barcelona enjoyed the perfect preparation for the visit of Manchester City in midweek with a 4-0 thrashing of Deportivo la Coruna on Saturday. The Spanish champions were already 3-
Andy Murray blasted his way into the Shanghai Masters final on Saturday but holder Novak Djokovic angrily smashed his racquet and ripped his shirt as he crashed out to Roberto Bautista. Murray was made to work in a rollercoaster first set against Gilles S
Denmark's Amalie Dideriksen was the shock winner of the women's road race event at the world championships in Qatar on Saturday. The 20-year-old stunned one of the pre-race favourites, Kirsten Wild, on the finishing line timing her sprint to perfection to
Indian one-day skipper Mahendra Singh Dhoni said Saturday he has started relying more on his younger teammate Virat Kohli, who is tipped to take over the captaincy in the shorter formats of the game. Firebrand Kohli, 27, was named skipper of the Indian Te
Manchester City twice missed penalties in a 1-1 draw with Everton on Saturday as 10-man Arsenal went level with them on points at the top of the Premier League table after seeing off Swansea 3-2. Arsenal leapfrogged Tottenham Hotspur into second place aft
Nine-time world champion Valentino Rossi stormed to pole position for Sunday's Grand Prix of Japan after clocking the fastest time in qualifying, resuming his campaign to overtake championship leader Marc Marquez. The Yamaha man timed 1min 43.954sec at th
Bangladesh coach Chandika Hathurusinghe on Saturday warned against expecting "miracles" from his side in the forthcoming Test series against England beginning next week. Bangladesh won six consecutive one-day international series since November 2014 befor
West Indian batsman Darren Bravo followed up Marlon Samuels' half-century to keep Pakistan at bay in the first day-night Test in Dubai on Saturday. Bravo was unbeaten on 56, with Jermaine Blackwood 14 not out, as West Indies, 211-3 at dinner, still trail
UN Secretary General Ban Ki-moon will call attention to a dire need for emergency aid in hurricane-hit Haiti, with a high-profile visit Saturday to the worst-ravaged parts of the Caribbean nation. Ban is due to conduct an aerial survey of the damage along
Donald Trump on Friday sarcastically dismissed women accusing him of sexual misconduct - even as two more came forward with lurid accounts - and denounced what he called an international political and media plot against him. President Barack Obama warned
After a brutal week for Republican presidential nominee Donald Trump, Democrat Hillary Clinton maintained a substantial projected advantage in the race to win the Electoral College and claim the US presidency, according to the latest results from the Reut
Libya's UN-backed unity government has suffered a new setback after a political rival seized key offices in the capital and proclaimed the reinstatement of the former administration. The United Nations' Libya envoy condemned the latest challenge to the au
Egypt's Great Pyramid of Giza could contain two previously unknown "cavities", scientists using radiography to scan the millennia-old monument said on Saturday. On Thursday, the antiquities ministry cautiously announced finding "two anomalies" in the pyra
The twin brother of Poland's former president Lech Kaczynski, who died in a 2010 plane crash in Russia, said Saturday he agrees with the decision to exhume the late leader's body as part of a new inquiry into the accident. "I have agreed with the prosecut