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Gold wavers as U.S. rate hike in June remains a possibility| Reuters

Apr 28, 2016 at 06:45 | Source: FirstPost

SINGAPORE Gold eased on Thursday, after the Federal Reserve kept the door open for an interest rate hike in June, although it indicated it was in no hurry to take such a step.FUNDAMENTALS* Spot gold XAU= had eased 0.1 percent to $1,244.50 an ounce by...

Traders keep bets on September rate hike after Fed meeting| Reuters

Apr 28, 2016 at 00:30 | Source: FirstPost

U.S. short-term interest rate futures contracts swung down, then up on Wednesday after the Federal Reserve ended its two-day policy-setting meeting with rates on hold as expected, but signalled its faith in the U.S. economic outlook.The whipsaw actio...

Oil falls on oversupply concern; euro slips | Reuters

Apr 22, 2016 at 01:30 | Source: FirstPost

NEW YORK Oil prices slipped on Thursday on further evidence of oversupply and a stronger dollar, while the euro eased against the U.S. dollar after European Central Bank President Mario Draghi pledged to keep monetary policy loose.U.S. stocks fell in...

Cuts in sugar output estimates may extend price rally - traders| Reuters

Apr 19, 2016 at 00:15 | Source: FirstPost

LONDON/MUMBAI Any further downward revisions in Indian sugar output due to drought could drive global sugar prices higher, extending a rally that has been fuelled by rising global deficit forecasts, traders said on Monday.They said India's production...

Argentina's Fernandez faces money laundering probe -source| Reuters

Apr 10, 2016 at 14:16 | Source: FirstPost

BUENOS AIRES Cristina Fernandez, who stepped down as president of Argentina in December after eight years in office, has been officially accused by a prosecutor of money laundering, a court source said on Saturday.The decision follows testimony on Fr...

Fed signals caution on rate hikes, worried by global growth: minutes| Reuters

Apr 07, 2016 at 02:45 | Source: FirstPost

WASHINGTON The Federal Reserve appears unlikely to raise interest rates before June amid widespread concern at the U.S. central bank over its limited ability to counter the blow of a global economic slowdown, minutes from the Fed's March 15-16 policy...

Wall Street up slightly as investors assess economic data| Reuters

Apr 01, 2016 at 23:15 | Source: FirstPost

Wall Street was slightly higher on Friday after data pointed to strength in the U.S. labor market and a rebound in the manufacturing sector.Gains were limited by a nearly 4 percent fall in crude prices amid increasing skepticism around a deal to free...

Oil up on Saudi support, China; poll shows less OPEC output| Reuters

Mar 01, 2016 at 01:30 | Source: FirstPost

NEW YORK Oil prices jumped 3 percent on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.A Reuters surv...

Oil slides on Saudi comments, falls more on API inventory data| Reuters

Feb 24, 2016 at 04:30 | Source: FirstPost

NEW YORK Oil prices tumbled 4 percent on Tuesday after Saudi Oil Minister Ali Al-Naimi ruled out production cuts, and extended losses after settlement when a U.S. industry trade group API said domestic crude stockpiles swelled by more than twice what...

Oil market shows deep doubt over output freeze| Reuters

Feb 18, 2016 at 01:45 | Source: FirstPost

LONDON The oil world has been shaken this week by some of the biggest producers agreeing to freeze their output at January levels to contain a supply glut and prevent a further slide in prices, but markets show investors doubt this tactic will work.O...

Gold surges to 1-year high on financial uncertainty | Reuters

Feb 12, 2016 at 05:45 | Source: FirstPost

NEW YORK/LONDON Gold vaulted more than 5 percent on Thursday to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower dollar and tumbling stock prices around the world prompted investors to se...

Gold surges to one-year high on financial uncertainty | Reuters

Feb 12, 2016 at 03:15 | Source: FirstPost

NEW YORK/LONDON Gold vaulted more than 5 percent on Thursday to a one-year high, on track for its biggest daily jump in more than seven years as financial uncertainty, a lower dollar and tumbling stock prices around the world prompted investors to se...

Dollar nurses losses as payrolls report looms| Reuters

Feb 05, 2016 at 06:15 | Source: FirstPost

TOKYO The dollar steadied in Asian trading on Friday but remained on track for weekly losses, as investors braced for U.S. employment figures later in the session for the latest clues on the outlook for the Federal Reserve's monetary tightening path....

Indian mills to sell another million tonnes sugar - group | Reuters

Feb 02, 2016 at 01:30 | Source: FirstPost

DUBAI Indian sugar mills have already contracted to sell one million tonnes of sugar in the 2015-16 season and expect to sign deals for another million as exports head for China, the head of an industry group said on Monday."One million tonnes h...

Oil plumbs new lows below $27 as oversupply woes persist| Reuters

Jan 21, 2016 at 05:30 | Source: FirstPost

NEW YORK U.S. oil prices crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets with traders also worried that the crude supply glut could last longer.Oil has fallen more ...

Global - U.S. stocks falter; oil fears spoil China enthusiasm| Reuters

Jan 20, 2016 at 04:15 | Source: FirstPost

NEW YORK U.S. stocks pared gains on Tuesday amid a renewed drop in oil prices, giving up most of an early rally that had been spurred by speculation of more stimulus efforts in China. Stock markets from Asia to Europe, and initially on Wall Street, r...

U.S. stocks retreat; oil fears spoil China enthusiasm| Reuters

Jan 20, 2016 at 02:45 | Source: FirstPost

NEW YORK U.S. stocks retreated on Tuesday from a global equities rally spurred by speculation Beijing would boost stimulus efforts, but a renewed drop in U.S. oil prices raised a cautionary flag.Stock markets from Asia to Europe, and initially on Wal...

Global - U.S. stocks retreat; oil fears spoil China enthusiasm| Reuters

Jan 20, 2016 at 02:15 | Source: FirstPost

NEW YORK U.S. stocks retreated on Tuesday from a global equities rally spurred by speculation Beijing would boost stimulus efforts, but a renewed drop in U.S. oil prices raised a cautionary flag.Stock markets from Asia to Europe, and initially on Wal...

Global - Stocks rise as slower China growth boosts stimulus hopes| Reuters

Jan 20, 2016 at 00:45 | Source: FirstPost

NEW YORK Global equity markets on Tuesday snapped back from a rout at the start of the year after data showing weak economic growth in China prompted speculation Beijing would boost stimulus efforts, but a renewed drop in U.S. oil prices raised a cau...

Oil plummets to $29 per barrel, dragging world stocks lower| Reuters

Jan 16, 2016 at 08:45 | Source: FirstPost

NEW YORK Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lowe...

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