September 4, 2014 11:48 am
Corn futures corrected some of Wednesdays losses, while wheat and soybeans were pressured further during early trade in Europe today. The USDA reported impeccable quality across all three crops in the US yesterday, reinforcing speculation that this year will see the highest harvests on record. Weather models project scattered showers across the Midwest and Northern […]
Read moreSeptember 4, 2014 9:04 am
Boeing Co, the worlds largest aerospace company and the biggest passenger-jet supplier to China, upgraded its projection of Chinese demand over the next 20 years to 6 020 airplanes valued at some $870 billion. The new forecast represents an 8% increase over the previous projection, and bumps China share of total airplane deliveries for the […]
Read moreSeptember 4, 2014 7:29 am
Gold futures were little changed during early trade in Europe today, as investors eye the upcoming ECB meeting, set to decide on further monetary stimulus for the struggling EU economy. US employment data is also on the radar, while expected developments on the crisis in Ukraine are also keenly monitored. Gold futures for December delivery […]
Read moreSeptember 3, 2014 2:27 pm
Sanofi SA, the fifth-largest pharmaceutical company in the world, announced the final phase of the efficacy study of its dengue vaccine had been successful, achieving a clinically significant and commercially promising result. The Paris-based company noted that the results will be thoroughly examined by external experts before a publication is due, but pointed to a […]
Read moreSeptember 3, 2014 12:21 pm
Gold and silver futures were slightly higher during midday trade in Europe today, after the precious metals dropped to ten-week lows overnight. Meanwhile, copper futures were lower as an investigation in China and growing global supplies weighed. Gold futures for December delivery on the Comex in New York traded at $1 268.6 per troy ounce, […]
Read moreSeptember 3, 2014 9:13 am
Wheat, corn and soybeans futures were all lower during early trade in Europe today, as investors priced in the latest report, showing very good crop quality across all grains grown in the US, adding to bearish sentiment from forecasts of record-high harvests. Weather models project scattered showers across the Midwest and Northern Plains this week, […]
Read moreSeptember 3, 2014 8:16 am
Gold futures were slightly higher during early trade in Europe today, as investors made minor corrections to Tuesdays slump. A year-high dollar and strong US stocks weighed heavily on the precious metal, despite growing tensions in Ukraine. Gold futures for December delivery on the Comex in New York traded at $1 265.9 per troy ounce, […]
Read moreSeptember 3, 2014 7:13 am
BP Plc, one of the six oil majors, filed a motion with the New Orleans District Court yesterday, in an attempt to remove the court-appointed claims administrator for the Deepwater Horizon oil spill claims, saying he is biased. According to the companys statement, Mr Patrick Juneau, Claims Administrator of the Court Supervised Settlement Program (CSSP), […]
Read moreSeptember 2, 2014 2:41 pm
Gold and silver futures were lower during midday trade in Europe today, after ISM posted a significantly better-than-expected factory gauge for the US, boosting the dollar and pressuring havens. Meanwhile, copper futures were steady after downbeat China figures on Monday. Gold futures for December delivery on the Comex in New York traded at $1 267.5 […]
Read moreSeptember 2, 2014 2:12 pm
Norwegian Cruise Line Holdings, the worlds third-largest cruise operator, announced it has reached an agreement to acquire rival Prestige Cruises International for about $3 billion, adding eight luxury ships to its fleet and sending its share soaring. Oceania Cruises, one of two brands operated by Prestige, is the market leader in the upper-premium cruise segment, […]
Read more