Copper futures in reverse gear

Copper futures were trading lower during evening trade in the domestic market on Friday as investors and speculators exited their positions in the industrial metal as concerns eased over a strike at one of the world's biggest copper mines, Grasberg, in Indonesia.

Freeport McMoRan Inc said on Thursday that mining and milling rates at Grasberg had been affected by an extended strike

No plans to allow extra sugar imports - food minister Ram Vilas Paswan

NEW DELHI    India, the world's biggest sugar consumer, has no plans to allow extra imports of the sweetener as stocks lying around in mills will suffice, Food Minister Ram Vilas Paswan said on Thursday.

Last month, the government allowed imports of half a million tonnes of duty-free raw sugar, as a drought cut output below consumption levels for the fir

Iran says $55 oil price suitable, sees supply cut extension

DUBAI  - Iran sees $55 per barrel as a suitable price for crude oil, and believes that OPEC and non-OPEC producers are likely to extend output curbs to support prices, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Saturday.

"The price range of $55 per barrel would be suitable for oil," Zanganeh said, according to the oil ministry's new

Punjab, Haryana wheat procurement nearly 185 lakh tonnes

Wheat procurement in food grain states Punjab and Haryana is touching nearly 185 lakh tonnes this season, officials in both states said on Wednesday.

In Punjab, the wheat procurement was over 113 lakh tonnes till Tuesday evening, out of which over 110.5 lakh tonnes has been procured by government agencies. Sangrur district led in procurement with over 10.5 lakh tonnes being procured s

India's H-Energy leases LNG import terminal, agrees supply

LONDON - Indian gas company H-Energy is to begin importing liquefied natural gas (LNG) from the third quarter of 2018 via a ship-based terminal leased from French group Engie, its chief executive told Reuters on Monday.

India is the world's fourth biggest LNG importer even though gas accounts for just seven percent of its coal-dominated energy mix, but consumption

Oil edges up, breaking six-day stretch of losses

LONDON - Oil prices nudged higher on Tuesday, breaking a six-day streak of price falls, but doubts about OPEC's ability to reduce global crude inventories capped gains.

Brent crude was up 8 cents at $51.68 a barrel by 1145 GMT, while U.S. crude futures were up 4 cents at $49.27 a barrel.

Brent is down 10 percent since late 2016, despite efforts led by th

Gold dips on French election while security tensions support

LONDON - Gold prices fell on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

Spot gold was down 0.5 percent at $1,269.20 per ounce at 1157 GMT.

U.S. gold futures slipped 0.4 percent to $1,272.

Asia steelmaker shares rise despite Trump salvo on trade

SYDNEY - Shares of most Asian steelmakers rose on Friday, deflecting the first salvo of a long-anticipated anti-dumping campaign from U.S. President Donald Trump.

Citing concerns about national security, Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs.

McCormick & Co to fully own ‘Kohinoor' Basmati rice business in India

McCormick & Company will fully take over the ownership of Indian business of "Kohinoor" brand of Basmati rice by acquiring the remaining 15 per cent equity ownership in Kohinoor Speciality Foods India (KSF), a statement said here on Thursday.

The statement said McCormick had purchased the Kohinoor brand and other trademarks, along with 85 per cent ownership in the KSF, i

Analysis: Undaunted by oil bust, financiers pour billions into U.S. shale

By Ernest Scheyder

HOUSTON  - Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence.

In the first quarter, private equity funds raised $19.8 billion for energy ventures - nearly three times the total in the same period last year, according to financial

Singapore March exports beat expectations as trade recovery widens

SINGAPORE  - Singapore's on-year export growth beat expectations in March, thanks to a surge in petrochemical and pharmaceutical shipments, a sign the city-state's trade recovery is widening to non-electronic sectors.

Non-oil domestic exports (NODX) in March rose a more-than-expected 16.5 percent from a year earlier, data from trade agency International E

Gold hits 5-month high on rising geopolitical risks

By Marcy Nicholson and Sethuraman N R

NEW YORK/BENGALURU  - Gold jumped to a five-month high on Monday as investors took refuge in safe-haven assets amid rising geopolitical tensions over North Korea.

Spot gold was up 0.4 percent at $1,290.40 an ounce by 11:23 a.m. EDT (1523 GMT), after hitting its highest since early November at $1,295

Oil dips, trade thin as some cash in after 3-week rally

By Devika Krishna Kumar and Julia Simon

NEW YORK - Crude oil prices slipped on Monday in subdued trading after a three-week rally capped by the long Easter holiday weekend, but losses were curbed by strong economic growth in China and a weaker dollar.

Overnight, strong March investment, retail sales and exports all suggested that China, the world's No. 2

Gold heads for best week since June on Korea, MidEast jitters

By Jan Harvey

LONDON - Gold eased back from the previous day's five-month high on Friday, but stayed on track for its strongest week since June as concerns over North Korea and the Middle East sent investors scurrying for the safety of bullion and the dollar wilted.

Market liquidity was thin due to Good Friday and Passover holiday observances around the

Centre extends sugar import deadline to June 30

The central government on Thursday extended the deadline for import of five lakh tonnes of raw sugar from June 12 to June 30 following representations from sugar mills and trade associations.

As per a release, the extension of date means mills and refiners can complete the import of raw sugar until June 30.

Last week, the government had allowed raw sugar imports till June 12

Oil near flat in strong week for crude

By Julia Simon

NEW YORK - Oil prices were little changed on modest volume on Thursday, in a week in which crude benchmarks recouped more of March's losses on increased hopes world supply and demand were nearing balance.

It comes at the same time the U.S. oil rig count rose to its highest level in two years, threatening the rebalancing of markets.

Gold retreats from five-month high as dollar rebounds

By Devika Krishna Kumar and Jan Harvey

NEW YORK/LONDON  - Gold prices eased from five-month highs on Thursday as the dollar rebounded from a slide triggered by comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates low.

The metal was up about 2.6 percent on the week, o

Nickel futures in reverse gear

Nickel futures were trading lower during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal on subdued physical demand ahead of the long Easter holiday weekend. However, upbeat China trade data for March, restricted further slide in nickel prices at futures trade.

At the MCX, nickel futures for April 2017 contra

Zinc futures drop 0.95% on diminishing demand

Zinc futures were trading lower during evening trade in the domestic market on Thursday as investors and speculators exited their positions in the industrial metal on fall in demand ahead of the long Easter holiday weekend. However, upbeat China trade data for March, restricted further fall in zinc prices at futures trade.

At the MCX, zinc futures for April 2017 contract is trading at

In one of coldest spots on earth, Russia bets on boosting gold output

By Diana Asonova

UST-NERA, Yakutia, Russia - In winter it gets so cold that metal snaps.

When the weather is warmer people make a living sifting the earth for fragments of gold in the Oymyakon district of Russia's far eastern Yakutia region.

But the unusually rich deposits of the alluvial gold near the surface are running out and producers hav

Silver shines on weaker greenback, geopolitical concerns

Silver futures rose over 1 per cent during evening trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the dollar slid after the US President Trump said that he would prefer the US Fed to keep interest rates low and suggested the greenback is too strong.

Moreover, rising tensions over US relations with Russia and Nort

Copper futures buoy on weaker dollar, global cues

Copper futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the industrial metal as the US dollar slid after President Trump said that the currency was too strong. Moreover, prices of copper also got a boost after upbeat China trade data for March, and as traders closed positions ahead of the long Easter h

Gold glitters on weaker greenback, political worries

Gold futures were trading higher during afternoon trade in the domestic market on Thursday as investors and speculators extended their positions in the precious metal as the US dollar slid after President Trump said that the currency was too strong.

Moreover, rising tensions over US relations with Russia and North Korea, too lifted gold prices. At the MCX, gold futures for June 2017 c

Crude oil futures in reverse gear on rising US inventories

Crude oil futures were trading lower during afternoon trade in the domestic market on Thursday as investors and speculators exited their positions in the energy commodity as rising US inventories stoked worries about global oversupply. Meanwhile, investors focussed on preliminary US production estimates in EIA report that suggested domestic output is still climbing.

It also showed tha