Canada's main stock index rose to its highest level in nearly two years on Friday, helped by gains for resource shares, as investors bet that the U.S. economy was headed for a soft landing despite recent hotter-than-expected inflation data.
President Joe Biden's administration is poised to announce an adjustment to its scientific modeling for ethanol that will show the corn-based fuel to be less effective at reducing greenhouse gas emissions than previously estimated, three sources briefed on the plans told Reuters.
Chicago Board of Trade soybean futures rose on short covering on Friday, while corn futures consolidated after setting a three-year low for the third consecutive session under pressure from large supplies, analysts said.
Aluminium giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments Ltd as defendants in the case against Vladimir Potanin, CEO of Nornickel.
Cuba is struggling to secure enough milk for children, a minister said, in the latest shortage putting strain on a decades-old subsidies scheme created by the late Fidel Castro.
Raw sugar futures on ICE recovered on Friday after hitting a new one month low, as investors went bargain hunting after a renewed focus on surging Brazilian output weighed on prices. Cocoa prices fell meanwhile
Ivory Coast's Coffee and Cocoa Council (CCC) has helped the national police to seize three trucks loaded with 1,500 bags of cocoa beans on the border with Guinea, the regulator's managing director said on Friday.
The head of the World Trade Organization warned on Friday that it could be difficult to strike deals at a major ministerial meeting later this month given a spate of upcoming elections, recessions and wars in Ukraine and Gaza.
U.S. cotton edged up on Friday and headed for a sixth consecutive week of gains, with analysts and traders suggesting the upward momentum in the natural fibre market was mainly due to speculative buying.
Raw sugar futures on ICE recovered on Friday after hitting a fresh one month low, as investors went bargain hunting after a renewed focus on surging Brazilian output weighed on prices. Cocoa prices steadied meanwhile
European retail industry body Eurocommerce called on European Union institutions and member states to resolve the Red Sea crisis that has disrupted trade, saying in a letter to Belgium's foreign minister that it has already had "massive impacts" on businesses.
Futures for Canada's main stock index edged higher on Friday, tracking an uptick in precious and base metal prices, although gains were limited as investors awaited producer prices data in the United States and corporate earnings in Canada.
Copper prices were on track on Friday to post their biggest weekly gain in three months, helped by falling inventory and expectations of more economic support from top consumer China.
Ghana's Cocobod will use part of a $200 million World Bank loan to rehabilitate plantations destroyed by the cocoa swollen shoot virus, which causes drops in yields and kills trees, the regulator's deputy CEO in charge of operations said on Thursday.
London Fashion Week kicked off on Friday with Irish designer Paul Costelloe championing classic looks and Turkish-born Bora Aksu taking inspiration from sculptor Eva Hesse as the showcase event celebrates its 40th birthday.