China coal traders bet on shortages as spring temperatures soar
BEIJING, May 16 (Reuters): China's thermal coal futures rose to a six-week high on Wednesday as traders bet on a supply crunch as lower hydro power output and forecasts of a summer heat wave spurred expectations of rising demand for the nation's most-consumed fuel source.The most-active futures, for September delivery,...
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Wheat futures rise for 2nd day
SINGAPORE, May 16 (Reuters): Chicago wheat futures rose for a second session on Wednesday with prices underpinned by dry weather in key exporters the United States and Australia.Corn futures were little changed after hitting a six-day high earlier in the session as forecasts for rains stoked concerns of planting delays.The...
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EU has failed to stop illegal Airbus subsidies: WTO
GENEVA, May 16 (AFP): The European Union (EU) has failed to remove its illegal subsidies for Airbus, the World Trade Organisation (WTO) said Tuesday, in a major victory for the United States (US) and its national aviation giant, Boeing.The decision by the appellate division of the WTO's Dispute Settlement Body...
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Copper struggles to recover
MANILA, May 16 (Reuters): London copper futures struggled to recover on Wednesday after a two-day slide as the US dollar hovered near a five-month high versus a basket of major currencies following a surge in Treasury yields.Three-month copper on the London Metal Exchange edged up 0.4 per cent to $6,838...
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Corn hits six-day high as rain delays sowing
SYDNEY, May 16 (Reuters): US corn futures edged higher on Wednesday as forecasts for rains stoked concerns of planting delays, pushing prices to a six-day high.The most active corn futures on the Chicago Board Of Trade were up 0.1 per cent to $4.02-3/4 a bushel by 0140 GMT, near the...
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