Japan to raise sales tax in 2019

TOKYO, Oct 15 (AFP): Japan on Monday announced a much anticipated sales tax hike in 2019 to address the nation's huge public debt, despite warnings it could hobble growth in the world's third-biggest economy.The point-of-sale tax will rise from eight percent to 10 per cent from October next year as...

Read more

Corn drops after forecast for lower production

CHICAGO, Oct 15 (Reuters): Chicago corn futures lost ground on Monday as the market took a breather following two sessions of strong gains triggered by a forecast for lower US production.Wheat eased slightly after climbing 1.8 per cent on Friday, with prices supported by weaker production in Russia and Australia.The...

Read more

Gold up as equities slide

BENGALURU, Oct 15 (Reuters): Gold rose more than 1.0 per cent on Monday to its highest in about 2-1/2 months as investors sought refuge after a slide in European equities compounded jitters on global stock markets.Spot gold was up 1.1 per cent at $1,231.45 an ounce by 0958 GMT, having...

Read more