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Archive for  January 2010

  • Thailand bought 50,000 tonnes of US soft and spring wheat this week, while Malaysia was active in the corn market, taking Brazilian and Indian cargoes. Thailand purchased US soft white wheat at around $250 a

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  • Raw sugar futures closed easier Friday on light investor sales prompted by a firm dollar before a holiday break, but most players feel another rally is likely given the sweetener's bullish outlook. The market will

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on World’s farmers to grow less wheat in 2010: CWB

    Farmers will produce the world's smallest wheat crop in three years in 2010 as big global supplies weigh down prices and steer more acres to other crops, the Canadian Wheat Board said on Friday. In

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on Commodities shaken as China reins in economy

    Commodity markets were rattled last week as China tightened money supply in a bid to tame economic growth and prevent a looming asset bubble, analysts said. China, one of the biggest consumers of raw materials,

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on Nokia to defend against Apple filing to ITC

    The world's top cellphone maker Nokia said on Saturday it would defend itself vigorously against Apple's complaint to United States International Trade Commission, filed on Friday. "Nokia will study the complaint when it is received

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on Taiwan to allow Chinese investment in bourse

    Taiwan will allow China's institutional investors to invest up to $500 million in the island's stock market, the government said Saturday, in its latest step to relax control on trade and investment with its rival.

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on AIG probe widens to include Paulson, Friedman

    A House of Representatives committee is broadening its investigation of secretive bank bailouts to include former Treasury Secretary Henry Paulson and former Federal Reserve Bank of New York Chairman Stephen Friedman. The Committee on Oversight

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on Saudi private sector to pick up strongly in 2010

    Saudi Arabia's private sector growth is expected to recover to 3.7 percent in 2010, but will continue lingering below 4.7 percent of 2008, prior to the global financial crisis, Credit Agricole's Saudi affiliate said. The

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on UK rules out US-style bank tax: Darling

    Britain will not copy President Barack Obama's tax on banks that were bailed out by the taxpayer, Treasury chief Alistair Darling said in an interview published Saturday. Obama is proposing a tax of 0.15 percent

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    • News Desk
    • Jan 17th, 2010
    • Comments Off on Hong Kong approves $8.6 billion high-speed rail link to China

    A controversial $8.6 billion plan to link Hong Kong to China's national high-speed rail network won approval from local lawmakers Saturday, leading to scuffles between police and protester opposed to the project. The measure to

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