Raw Materials News
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Updated 1 hour, 2 minutes ago
Canadian stocks rose to a one-week high as energy producers climbed with oil prices and investors await the outcome of a Federal Reserve meeting for clues to the central bank’s stimulus plans.
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Updated 1 hour, 2 minutes ago
SunOpta Inc., the Canadian food manufacturer that processes more organic soybeans in the U.S. than any other company, is poised to increase investor returns as consumers buy more non-genetically modified and organic foods.
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Updated 6 minutes ago
Rubber is headed for the biggest glut on record, prolonging the bear market that began in April, as supply exceeds demand for a third year and Southeast Asian exporters ended curbs on shipments.
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African Minerals Ltd., studying a $2 billion iron-ore mine expansion in Sierra Leone, is considering acquisitions in commodities such as copper and steelmaking raw materials.
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China Mengniu Dairy Co., the country’s largest dairy producer, offered HK$12.5 billion ($1.6 billion) to buy a local infant formula maker as baby food demand surges and the government pushes for safer products.
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Deutsche Bank AG said commodity prices are poised to remain in “subdued territory for years to come” after a bull run that drove prices up almost fourfold in the last 12 years.
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Updated 2 hours, 17 minutes ago
South Korea’s won fell the most in a week as investors assess the odds of a reduction in U.S. economic stimulus before the Federal Reserve reviews policy. Government bonds advanced.
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Updated 2 hours, 47 minutes ago
Major shareholders, senior management and individuals with stakes of more than 5 percent sold a net 24.7 billion yuan ($4 billion) of Chinese A shares in May, the most for a month since June 2009, UBS AG said.
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Updated 1 hour, 22 minutes ago
Chinese property prices rose at the fastest pace in more than two years in major cities, defying tougher government curbs and constraining the ability of policy makers to ease credit in response to weakening economic growth.
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South Korean producer prices fell 2.6 percent in May from a year earlier, Bank of Korea says in an e-mailed statement. * The decline is at a slower pace after prices fell 2.8 percent in April, the most since October 2009. * Price drops in international raw materials including crude oil contributed to the decline: statement
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