U.S. corn, wheat extend losses; soybeans edge higher
Author of the article: MUMBAI — U.S. corn futures extended losses in early trade on Wednesday, hovering near a six-week low, as planting picked up pace in the United States and top buyer China allowed corn imports from Brazil. * Soybeans edged higher on lower planting and strong export demand, while wheat edged lower as…
Asian currencies largely subdued, Thai baht weakens 0.3%
Author of the article: The following table shows rates for Asian currencies against the dollar at 0204 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 126.850 126.8 -0.04 Sing dlr 1.372 1.3712 -0.06 Taiwan dlr 29.590 29.622 +0.11 Korean won 1264.100 1266.2 +0.17 Baht 34.175 34.07 -0.31 Peso 52.320…
RBNZ raises cash rate by 50 bps to 2.0%
This advertisement has not loaded yet, but your article continues below. Author of the article: Article content WELLINGTON — New Zealand’s central bank raised interest rates by 50 basis points to 2.00% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation. All but one of 21…
European shares seen holding near current levels through 2022
Author of the article: LONDON — Central bank policy tightening, fears of a recession and the economic impact of the war in Ukraine are all expected to keep a lid on any significant advance in European stocks for the remainder of 2022, a Reuters poll found. The poll of 21 fund managers, strategists and analysts,…
Asian stocks shrug off Wall St weakness but growth concerns remain
Author of the article: Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.35%, Australian shares were up 0.33%, and Seoul and Taiwan both ticked upwards 0.61% and 0.2%. Hong Kong’s,…
A Moon Base Design
Xors Moon Base project is a lunar habitat which seems feasible within the next ten years and able to accommodate 2-3 crews at one time, will be presented by Innspace team members. The project took 4th place in the Moon Base Design Contest. The base consists of 4 living modules and 2 additional ones covered…
Brazil picks 2nd new Petrobras CEO in 2 months as Bolsonaro bids to influence fuel prices
Author of the article: SAO PAULO — Senior Brazilian economy ministry official Caio Mario Paes de Andrade will be the next chief executive of state-run oil company Petrobras, the government said on Monday, replacing a predecessor who served less than two months in the job. Paes de Andrade will take over from outgoing CEO Jose…
China’s property market woes expected to worsen in 2022
Author of the article: Reuters Liangping Gao and Ryan Woo BEIJING — China’s property market woes are likely to worsen this year with prices remaining flat and sales and investment falling further, while tighter and widespread COVID-19 curbs weigh on still fragile demand despite more policy easing. The property market, a pillar of the world’s…
Gold dips as dollar attempts recovery
Author of the article: Gold edged lower on Tuesday, as the U.S. dollar rebounded slightly after a slide in the previous session, weighing on demand for greenback-priced bullion. Spot gold fell 0.2% to $1,850.40 per ounce, as of 0240 GMT, after rising to its highest since May 9 of $1,865.29 on Monday. U.S. gold futures…
Japan’s Nikkei slips below 27,000 level as U.S. futures skid
Author of the article: TOKYO — Japan’s Nikkei edged down on Tuesday, trading below the 27,000 psychological level reclaimed a day earlier, as U.S. futures skidded and investors struggled to find fresh catalysts after the earnings season came to an end. The Nikkei share average had slipped 0.4% to 26,888.18 by 0207 GMT after opening…