Archive of 13 February 2019

New Zealand central bank signals growth, policy risks; kiwi rallies as doves disappointed

WELLINGTON: New Zealand's central bank on Wednesday retained the possibility of a rate cut in the face of rising economic risks, but its broadly neutral...

China approves new coal mine project in Inner Mongolia region

BEIJING: China's state planner said on Wednesday it had approved a new coal mine project in Inner Mongolia region with total investment at 3.37 billion

CBOT corn may edge up to $3.79 to $3.80-3/4 zone

SINGAPORE: CBOT March corn may edge up to a zone of $3.79 to $3.80-3/4 per bushel, as indicated by a projection analysis. The surge on Tuesday...

South African rand firms as trade-talk progress boosts risk assets

JOHANNESBURG: South Africa's rand firmed against the dollar in early session on Wednesday, supported by rising risk appetite globally on increasing hopes of a breakthrough...

Russia’s VTB says it owns 50pc minus one share in grain trader UGC

MOSCOW: Russia's second-biggest lender Bank VTB PAO said on Wednesday it owns 50 percent minus one share in local grain trader United Grain Company (UGC). The

Mexico’s Sucroliq expects 2019 Mexican sugar output at 6.2mn T

DUBAI: Domestic sugar firm Sucroliq said on Wednesday it expected Mexican sugar production for the 2019, season to be at 6.2 million tonnes, with a...

CBOT wheat may rise to $5.24

SINGAPORE: CBOT March wheat may rise to $5.24 per bushel, as it has cleared a resistance at $5.19-3/4. The resistance is identified as the 38.2 percent...