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World News

India 2012/13 gold imports may fall 35pct: government panel

Wednesday, 22 February 2012 at 18:05, Reuters, New Delhi

Easing inflation and a revival in stock markets could dent gold imports by India, the world's biggest consumer, pushing shipments down by about 35 per cent in value terms in 2012/13, a government pane

Sugar prices edge up, nearby premium widens

Wednesday, 22 February 2012 at 16:38, Reuters, London

Raw sugar futures were higher on Wednesday with the nearby premium widening on short-term supply tightness while ICE cocoa and arabica coffee eased on a stronger dollar.

Corn, soybeans, wheat down on crop prospects

Wednesday, 22 February 2012 at 16:37, Reuters, Hamburg/New Delhi

Chicago corn, wheat and soybeans fell on Wednesday on expectations for USDA forecasts that US farmers will increase plantings, especially of corn, and increase global grain supplies.

Palm oil declines as rally to eight-month high prompts selling

Wednesday, 22 February 2012 at 15:30, Bloomberg

Palm oil dropped for the first time in four days after a rally to the highest level in more than eight months prompted investors to lock in gains.

Unions to protest cuts, Greece debates more measures

Wednesday, 22 February 2012 at 14:35, Reuters, Athens

Greek unions, the unemployed and communists will protest on Wednesday against spending cuts introduced to secure a multi-billion-euro bailout, and lawmakers will debate a debt swap to avoid imminent b

Japan cuts April wheat price by 15pct

Wednesday, 22 February 2012 at 14:09, Bloomberg

Japan cut wheat prices to flour millers by an average of 15 per cent in April, the most since October 2009, lowering costs for companies including Nisshin Seifun Group Inc.

HSBC sees Asia IPO market opening up

Wednesday, 22 February 2012 at 14:09, Hong Kong

Asia's once-hot initial public offering market is likely to open up again soon, with secondary volumes in the equity sector showing signs of picking up, said the Asia head of investment banking at Eur

Euro zone PMIs slide, heightening recession fears

Wednesday, 22 February 2012 at 13:45, Reuters, London

The euro zone's service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed.

China will participate in Europe rescue plan: IMF’s Syed

Wednesday, 22 February 2012 at 11:54, Bloomberg

Murtaza Syed, the International Monetary Fund’s resident representative in Beijing, comments on China’s participation in solving Europe’s sovereign-debt crisis, the value of the yuan and the inc

UBS to issue more loss-absorbing capital

Wednesday, 22 February 2012 at 11:38, Reuters, Zurich

Swiss bank UBS plans to sell more loss-absorbing capital to meet tougher rules for banks following a $2 billion Tier 2 note issue, it said on Wednesday.


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