Archive for January 2010
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Raw sugar futures finished Tuesday at their highest level in 29 years as fund buying, tight supplies and robust demand sparked the sweetener after a holiday break, brokers said. The market was shut Monday for
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US soyabean futures on the Chicago Board of Trade fell on Tuesday for a third consecutive session, with the bellwether March contract hitting a two-month low on favourable South American crop weather, traders said. "It's
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Malaysian crude palm oil futures dropped 1.1 percent on Wednesday as high opening stocks this month outweighed a cargo surveyor report of higher exports. Prices of the vegetable oil, which hit a seven-month high in
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Oil extended losses towards $78 a barrel on Wednesday on tighter credit policy in China, a stronger dollar and expectations that US refiners processed less crude. Chinese banking authorities have instructed some major banks to
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US gold futures ended higher in heavy trade on Tuesday as the bullion market took heart from a platinum group metals rally driven by strong investor sentiment related to US exchange traded funds. Gold for
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Platinum hit a 17-month high on Wednesday, buoyed by the recent launch of exchange-traded funds backed by the metal, while gold inched down due to pressure from a firmer dollar. Spot platinum rose as high
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IBM raised its profit target for 2010 and reported a stronger-than-expected 9 percent increase in fourth quarter earnings, as cost cuts and a shift to more profitable contracts helped it weather a slump in corporate
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IBM raised its profit target for 2010 and reported a stronger-than-expected 9 percent increase in fourth quarter earnings, as cost cuts and a shift to more profitable contracts helped it weather a slump in corporate
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Morgan Stanley's fourth-quarter profit missed expectations as results were hampered by weak trading revenue, sending shares down as much as 2.6 percent. The bank's shares have more than doubled in the past year as Morgan
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Morgan Stanley's fourth-quarter profit missed expectations as results were hampered by weak trading revenue, sending shares down as much as 2.6 percent. The bank's shares have more than doubled in the past year as Morgan
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