Archive for the December 30, 2005
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Oil prices were steady on Thursday after sharp gains the previous day on forecasts of drops in US crude and distillate product stocks and on expectations that Opec will cut output at its January meeting.
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Malaysian tin rose almost one percent on Thursday as a surge in the London price of the metal after the long holiday prompted Japanese and European buyers to pay a premium in Kuala Lumpur. Spot
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Asian oil product swaps showed big gains on Thursday, bolstered by a sharp overnight rise in US crude futures, but fuel oil's discount level to Dubai crude deepened due to heavy Western inflows. January fuel
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China said on Thursday it would sell white sugar refined from its 200,000 tonnes of raw reserves in domestic market to help curb prices forced up by tight supply. The National Development and Reform Commission,
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Raw sugar prices settled mixed on Wednesday with small speculators giving nearby contracts a mild boost and most players betting the sweetener could rally on fund buying after the New Year holiday break, brokers said.
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Chicago Board of Trade soyabean futures ended weak on Wednesday in thin, choppy holiday trading, but there was some support from drier-than-desired crop weather in Argentina, traders said. CBOT soya closed 3 cents per bushel
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Chicago Board of Trade rough rice futures closed higher on Wednesday on speculative buying by funds, with most-active March rising to a contract high, traders said. January rice closed up 9 cents per hundredweight at
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Indian gold futures rose on Thursday, tracking global markets, and soyaoil slipped with traders expecting the government to lower base import prices, brokers said. February gold on the Mullet Commodity Exchange (MCX) was up 29
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Malaysian palm oil recovered losses to close up on Thursday and dealers said they expected the market to end the year above 1,400 ringgit in anticipation of a drawdown in stocks. Both palm oil physicals
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Munich Re plans to raise its 2005 dividend by more than half and is set to reach its earnings target despite larger-than-expected damage from US hurricanes, which was offset by one-time gains from asset sales.
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