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Oil slips again on demand concerns, possible end to Libya row

LONDON, Sept 4 (Reuters): Oil prices fell slightly on Wednesday, hovering at their lowest levels since December after plunging more than 4 per cent the previous day on signs of a weak global economy, lacklustre oil demand, and expectations of an end to a dispute halting Libyan exports.The oil price...

Gold prices extend declines to 2-week low on equities sell-off

Gold prices extended declines to a two-week low on Wednesday as a sharp sell-off in equities forced a rush to cover margin calls, adding pressure on bullion ahead of keenly awaited non-farm payrolls data due later this week, reports Reuters.Spot gold fell 0.8 per cent to $2,473.50 per ounce as...

Ethanol push turns India into corn importer, shaking up global market

MUMBAI, Sept 4 (Reuters): A push by India to make more corn-based ethanol has turned Asia's top corn exporter into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains.The jump in import demand comes after India in January hiked the procurement...

LME announces measures to boost electronic trading

LONDON, Sept 4 (Reuters): The London Metal Exchange (LME) unveiled a set of proposed measures on Wednesday designed to boost liquidity in electronic trading while also seeking to protect its complex structure used for deals in physical metal.The exchange released a white paper detailing a liquidity provider programme, the introduction...

Cathay Pacific A350 fleet to resume full service by Saturday after repairs

Cathay Pacific Airways said it would return all Airbus A350s to operation by Saturday following engine fuel lines repairs, while other airlines were waiting for guidance from manufacturer Rolls-Royce on whether they needed to inspect their engines, reports Reuters.Several Asian A350 operators have chosen to carry out their own precautionary...

Cocoa slides below 5,000 pounds a tonne

LONDON, Sept 4 (Reuters): London cocoa futures slid to a six-and-a-half-month trough below 5,000 pounds a tonne on Wednesday amid forecasts for above average rainfall in West Africa, while robusta coffee rallied.December London cocoa fell 3.4 per cent to 4,998 pounds per tonne at 1206 GMT, having earlier hit its...