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Archive for  January 2010

  • Tokyo rubber futures finished 1 percent higher on Tuesday after briefly regaining the 300 yen mark as fund buying accelerated on steady crude oil prices and gains in other commodities. Asian physical rubber prices firmed,

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  • US wheat and corn futures rose on Tuesday, while soybeans also edged higher, supported by a weakening dollar that prompted investors to buy back following last week's sell-off. Grain markets were bruised badly last week

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  • Copper prices rallied more than a percent on Tuesday, supported by a weaker dollar and optimism about Chinese imports of the metal ahead of key economic data to be released later this week. The premium

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  • Malaysian crude palm oil futures were little changed at midday on Tuesday as traders awaited fresh leads with the release of January 1-20 export data due on Wednesday, traders said. The benchmark April contract on

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Palladium and platinum at multi-month highs

    Spot palladium and platinum hit fresh multimonth highs on Tuesday, underpinned by healthy demand after the launch of new US-based exchange-traded funds backed by the metals, and an improving outlook for the global economy. Gold

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  • Oil prices were steady above $78 a barrel on Tuesday on expectations that Chinese economic indicators to be published this week will signal strong demand growth from the world's second-largest oil consumer. China's industrial output

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on North Korea agrees first joint venture with South

    A South Korean company said Tuesday it is planning a joint-venture factory in a free-trade zone in north-eastern North Korea, the first such investment by Seoul in the faltering project. Food processor Merry Co said

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Credit Suisse cuts bonus pool to pay UK tax

    Swiss banking heavyweight Credit Suisse says it will reduce its global bonus pool by 5 percent to pay for a new British tax on bonuses, but will cut deeper into the bonuses for its top

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on BoI halts interest payments, eyes more debt buyback

    Bank of Ireland on Tuesday became the second top Irish bank to suspend interest payments on some bonds and share dividends pending an EU verdict on its state bailout, signalling it could buy back more

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    • News Desk
    • Jan 20th, 2010
    • Comments Off on Opec sticks to 2010 oil demand forecast

    The Opec oil producers' cartel left unchanged on Tuesday its forecast for modest growth in world oil demand this year but warned that prices are likely to remain volatile in the coming months. "World oil

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