ICE cotton futures rose on Wednesday after falling to a three-year low in the previous session, as investors covered short positions ahead of the release of the USDA's monthly supply-demand report and the weekly export sales data. The most-active cotton c
Industrial metals prices rose sharply on Wednesday after US and Chinese negotiators opened a new round of trade talks and Federal Reserve Chairman Jerome Powell bolstered expectations of a US interest rate cut later this month.
Oil prices rose 4.5 percent a barrel on Wednesday to their highest level in more than a month after US crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm. Brent crude futures
Tokyo Commodity Exchange (TOCOM) futures inched higher on Wednesday even as Shanghai futures continued to fall on weak fundamentals. The benchmark TOCOM rubber contract for December delivery finished 0.9 yen ($0.0083) higher at 177.2 yen per kg. The most-
Malaysian palm oil futures fell on Wednesday evening weighed down by higher than forecast inventory levels in June according to a data release from the Malaysian Palm Oil Board (MPOB). The benchmark palm oil contract for September delivery on the Bursa Ma
Cocoa prices on ICE dipped on Wednesday as dealers awaited clarity on how top producers Ivory Coast and Ghana will price their beans going forward, while coffee prices slipped.
Gold edged up on Tuesday after falling to a one-week low earlier in the session as investors used the drop in prices to buy the yellow metal with bullion holding a key technical level. The focus was on the US Federal Reserve Chair Jerome Powell's two days
Gold prices eased on Wednesday, as the dollar climbed on reduced expectations of a sharp US interest rate cut and ahead of Federal Reserve Chairman Jerome Powell's congressional testimony due later in the day. Spot gold was down 0.5% at $1,391.35 per ounc
Gold prices recouped losses to rise nearly 1% on Wednesday as the dollar slid after US Federal Reserve Chairman Jerome Powell fanned expectations of an interest rate cut, citing risks to the US economy. Powell said concerns about trade policy and a weak g
Chicago corn futures fell further on Wednesday as improved crop ratings and drier weather were seen boosting US production prospects after torrential spring rains, analysts said. Wheat futures also declined as the US winter wheat harvest progressed, while
Gold prices recouped losses to rise over 1% on Wednesday as the dollar slid after US Federal Reserve Chairman Jerome Powell fanned expectations of an interest rate cut, citing risks to the US economy.
Australia captain Aaron Finch insisted Glenn Maxwell's absence from a net session on the eve of the World Cup semi-final against England didn't necessarily mean he would miss Thursday's clash. Maxwell has struggled to hit peak form during the World Cup an
Virat Kohli admitted India had paid the price for "45 minutes of bad cricket" as the heart-broken skipper surveyed the wreckage of his side's stunning World Cup exit. Kohli's team crashed to an unexpected 18-run defeat against New Zealand in the semi-fina
New Zealand stunned India to reach their second successive World Cup final as they survived Ravindra Jadeja's late heroics to clinch a thrilling 18-run win at Old Trafford on Wednesday. It was a superb display by the underdog Black Caps, who came into the
New Zealand stunned India to reach their second successive World Cup final as they survived Ravindra Jadeja's late heroics to clinch a thrilling 18-run win at Old Trafford on Wednesday. It was a superb display by the underdog Black Caps, who came into the
Four-time champion Novak Djokovic reached the Wimbledon semi-finals for the ninth time on Wednesday, racking up his 70th career win at the All England Club in the process. The top seed and world number one hit back from a break down in the first set to ca
Former England star David Beckham's Inter Miami expansion squad in Major League Soccer has received approval to redevelop a Fort Lauderdale site as its training facility and temporary home stadium.
The referee accused by Argentina at the Copa America of having made "serious and gross" mistakes during their semi-final defeat to Brazil has hit back at his detractors accusing them of being bad losers.
Hundreds of miles from their homes, a group of labourers are toiling in a cold Indian Himalayan desert to repair some of the world's highest roads. Stationed near Chang La pass which is perched at a height of 5,360 metres (17,590 feet), the 13 men, whose
South Korean President Moon Jae-in told top business leaders Wednesday that Japan's restrictions on exports of chemicals crucial to the country's tech sector had caused an "unprecedented emergency" and warned of a drawn-out trade dispute.
The US and Qatar have agreed a raft of contracts worth billions of dollars during a visit to Washington by the Gulf state's emir, including an $8 billion deal on a petrochemical project. Qatar Petroleum and US energy giant Chevron Phillips Chemical inked
Factory prices in China were unchanged in June from a year ago, data showed Wednesday, reviving the prospect of deflation as the US trade war hits the crucial manufacturing sector.
Venezuela's monthly inflation rate fell for the second straight month in June, but the annual rate remained above 400,000% and workers' salaries are still not enough to cover the rising cost of consumer goods in the collapsing economy, an opposition lawma
Top US and Chinese negotiators held phone talks on Tuesday as the world's top two economies seek to resolve their trade war, more than a week after they declared a truce.
The Canadian group Bombardier announced Wednesday it will lay off 550 employees from its Thunder Bay, Ontario plant, cutting the site's workforce in half.
Global steel giant ArcelorMittal said Wednesday it could slash nearly a quarter of its workforce in South Africa in a bid to curb costs as it expects to fall into the red in the first six months of this year. "A large-scale restructuring is contemplated,
Britain's economy grew by more than expected in May, helped a rebound in car production after Brexit-related shutdowns, according to figures that will ease concerns about the extent of the country's slowdown.
Motorists in India, home to some of the world's most polluted cities, can now buy a fully-fledged electric car after Hyundai unveiled a model that can travel 452 kilometres (281 miles) on one charge. The Kona Electric SUV will cost $36,000 - more than thr
British billionaire inventor James Dyson has paid a reported $54 million for Singapore's biggest, most expensive penthouse: a three-floor residence with a rooftop terrace, private pool, and jacuzzi. His electric appliance company, known for its bagless va
Federal Reserve Chair Jerome Powell on Wednesday left the door open to an interest rate cut this month, pointing to uncertainty about trade frictions and global growth.
Dubai stocks rose sharply on Wednesday as all real estate shares gained, while banks drove the Saudi market higher amid rising oil prices and after EFG Hermes forecast higher second quarter profit for Saudi lenders.
Indian shares closed lower on Wednesday amid a slew of disappointing news, with Bajaj Finance Ltd and Indiabulls Housing Finance Ltd weighing the most on the NSE index. Domestic share markets witnessed a sharp selloff in the previous two sessions as inves
Tokyo stocks ended lower Wednesday as investors took to the sidelines ahead of key US congressional testimony by Federal Reserve chief Jerome Powell. The benchmark Nikkei 225 index lost 0.15 percent, or 31.67 points, at 21,533.48, while the broader Topix
The benchmark S&P 500 briefly crossed the 3,000-point mark for the first time on Wednesday after dovish remarks from Federal Reserve Chairman Jerome Powell boosted the case for an interest rate cut later this month.
The S&P 500 ended slightly higher on Tuesday as gains in tech-related shares offset worries about a weakening outlook for earnings. Gains in Amazon.com, Facebook Inc and Apple gave the biggest boost to the S&P 500 and Nasdaq, which ended the day up 0.5%.
Aussie shares ended higher on Wednesday on growing expectations the central bank will cut interest rates again to shore up weak demand, while financials firmed after S&P upgraded its outlook for the "Big Four" banks.
Chinese shares fell on Wednesday as flat producer price inflation fuelled concerns about domestic growth, and a flood of initial public offerings targeting Shanghai's new tech board diverted funds from the rest of the market.
European shares closed lower for a fourth straight session on Wednesday as concerns about trade tensions and a weak global economy highlighted by Fed chair Jerome Powell overshadowed short-lived optimism of an interest rate cut later in the month.
Most Southeast Asian stock markets rose on Wednesday, with Thailand leading the pack with a gain of 1%, as market participants counted on US Federal Reserve Chairman Jerome Powell to stay accommodative in his congressional testimony later in the day.
London's FTSE 100 suffered a fourth day in the red, its longest losing streak since January, with exporter stocks taking a hit from a weaker dollar as US Fed Chairman Jerome Powell's comments boosted hopes for an interest rate cut.
The dollar neared a three-week high against a basket of major currencies on Wednesday as investors continued to unwind bets on deep US interest rate cuts, pushing Treasury yields higher. Further gains in the greenback depend on the tone Federal Reserve Ch
The euro rose above $1.12 on Wednesday, bouncing off two-week lows as dwindling bets on aggressive US rate cuts buoyed the dollar, but stayed within tight ranges before Fed Chair Jerome Powell testified before the US Congress. US Treasury yields have rise
The dollar fell on Wednesday after Federal Reserve Chairman Jerome Powell struck a downbeat tone in congressional testimony, saying trade uncertainties and concerns about the global outlook continued to exert pressure on the US economy.
The dollar inched up to a three-week high against a basket of currencies on Tuesday as traders await clues in Federal Reserve Chairman Jerome Powell's testimony before Congress and minutes from the Fed's last policy meeting on possible rate cuts. The gree
South Africa's rand firmed on Wednesday as the dollar weakened after US Federal Reserve Chairman Jerome Powell highlighted risks to the US economy in remarks that could bolster expectations of an interest rate cut later this month. The rand was also boost
Emerging Asian currencies made only small moves on Wednesday, as investors waited for congressional testimony by Federal Reserve Chairman Jerome Powell for clues on the odds of a near-term easing of US monetary policy. There was no common trend in Asian u
Britain's economic gloom and a fast-approaching Brexit deadline kept sterling near two-year lows on Wednesday, while diplomatic spats with the United States and China highlighted the country's troubled ties with other trade and political partners.
Sri Lankan rupee closed firmer at 175.50/60 per dollar on Wednesday, compared with Tuesday's close of 175.70/80, as dollar sales by banks surpassed importer greenback demand. The rupee rose 0.17% last week, and is up 4.04% so far this year. The rupee drop
The Australian dollar headed for a fifth straight session of losses on Wednesday on yet another disappointing piece of economic data and as markets trimmed the probability of aggressive policy easing in the United States.