Malaysian palm oil futures rose on Wednesday after a near 2% drop in the previous session, as heavy rains in the world's second-largest producer added to supply restraints.
Copper prices rose on Wednesday after better-than-expected manufacturing activity data from top consumer China underpinned demand hopes, although a firmer U.S. dollar capped gains.
Indian shares opened higher on Wednesday after eight consecutive sessions of losses, led by metals after strong manufacturing data from China, while a slowdown in domestic economic growth, persistent rate hike concerns capped gains.
Malaysian palm oil futures rebounded on Wednesday after a near 2% drop in the previous session, tracking stronger rival soyoil prices and as heavy rains disrupted production in the world's second-largest producer.
Chicago wheat futures climbed on Wednesday, recovering from their lowest since September 2021, although rains in parts of the U.S. winter wheat belt and expectations of a renewal of the Black Sea grain export deal curbed the gains.
Argentina has confirmed its first case of bird flu in industrial poultry, its agriculture secretary said on Tuesday, causing it to suspend avian product exports and raising fears the disease could spread and hurt exports from the South American nation.
Copper prices climbed on Wednesday, as better-than-expected manufacturing activity data from top consumer China buoyed sentiment, while a stronger U.S. dollar and easing supply concerns weighed on the market.
Chicago wheat futures climbed on Wednesday with the market recovering from its lowest levels since September 2021, although expectations of a renewal of Black Sea grain export deal kept a lid on prices.
The Biden administration is expected on Wednesday to recommend for approval a rule that would allow expanded sales of gasoline with a higher ethanol blend in certain U.S. Midwest states, based on a request from governors in those states, four sources familiar with the matter said on Tuesday.
The Biden administration is expected on Wednesday to recommend for approval a rule that would allow expanded sales of gasoline with a higher ethanol blend in certain Midwest states, based on a request from governors in those states, four sources familiar with the matter said on Tuesday.
Capital A Berhad, parent of Malaysian budget airline AirAsia, returned to profitability in the fourth quarter, benefiting from strong pent-up demand for air travel and said China's reopening would further improve its business.
New-crop corn and soybean futures on the Chicago Board of Trade had a rough end to February with broad selling across agricultural commodities. Whether that will be a theme throughout 2023 is yet to be seen, but that trend has been unfamiliar in recent years.
Brazil said on Tuesday it will partially resume federal taxes on gasoline and ethanol and impose a tax on exported crude oil as the leftist administration aims to boost revenue after increasing social spending.
U.S. corn futures fell to their lowest level in more than six months on Tuesday and soybean and wheat futures also dropped on a round of end-of-month liquidation by investment funds, traders said.
Brazil's BRF posted a 601 million real ($114.7 mln) net loss in the fourth quarter on Tuesday, significantly above an expected loss of 130.62 million reais forecast by analysts.
In trading on Tuesday, shares of Arconic Corp (Symbol: ARNC) crossed above their 200 day moving average of $24.18, changing hands as high as $27.28 per share. Arconic Corp shares are currently trading up about 20.1% on the day. The chart below shows the one year performance o
Brazilian Finance Minister Fernando Haddad said on Tuesday the government decided to resume taxes on gasoline and ethanol at 0.47 real and 0.02 real per liter, respectively, a much-expected decision following the announcement of the end of the tax waiver.
(RTTNews) - Following the pullback seen in the previous session, the price of crude oil showed a strong move back to the upside during trading on Tuesday.
Dior designer Maria Grazia Chiuri dove into archives from the 1950s for the French fashion house’s fall women's catwalk show, adding a modern spin to the era's feminine mainstays.