S Korea fuel oil imports soar as coal plants shut
SEOUL, Mar 14 (Reuters): South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports, as utilities burn the dirty feedstock to meet power demand.South Korea's trade ministry said in February...
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Wheat futures scale up due to adverse weather
SYDNEY, Mar 13 (Reuters): US wheat futures edged higher on Tuesday as the U.S. Department of Agriculture said production in a key growing region was hit by adverse weather last week.Corn edged higher, extending gains into a second session, while soybeans firmed despite fears about potential curbs in Chinese demand...
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DHL Express deploys A330-300 in Asia Pacific air network
SINGAPORE, Mar 14: DHL Express, the world's leading international express services provider, has deployed its first ever Airbus A330-300 in its air network, servicing the fast-growing markets of Malaysia, Vietnam, and Hong Kong with 33 per cent more freight capacity per flight, says a Media OutReach release. The aircraft is...
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Gold prices flat as market weighs political drama
LONDON, Mar 14 (Reuters): Gold prices steadied on Wednesday, supported by safe-haven buying after the sudden dismissal of U.S. Secretary of State Rex Tillerson but pressured by a recovering dollar. The U.S. dollar inched higher against major currencies after edging lower following the dismissal of Tillerson. A stronger dollar makes...
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Corn retreats from seven-month high
SYDNEY, Mar 14 (Reuters): U.S. corn futures fell on Wednesday, retreating from a seven-month high touched in the previous session, as fears mounted about US protectionist trade policies with the firing of US Secretary of State Rex Tillerson.Soybeans edged lower, under additional pressure from the threat of China switching demand...
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