Top News & Analysis Chicago

  • NEW YORK/ LONDON, Sept 9- Gold prices fell again on Friday as hawkish comments on U.S. interest rates from a top Federal Reserve official helped lift the U.S. dollar, and as buyers continued to cash in on this week's price rally. Spot gold was down 0.67 percent at $1,329.02 per ounce by 2:18 p.m. EDT, while U.S. gold futures for December delivery settled down $7.1, or 0.53...

  • *London cocoa hits three-month low. NEW YORK/ LONDON, Sept 9- Cocoa prices plunged to their lowest in several months on Friday on news that top producer Ivory Coast may cancel and resell 200,000 to 250,000 tonnes of exports, which would prompt exporters to hedge, weighing on futures prices. The equivalent New York contract lost $123, or 4.3 percent, to settle at $2,762...

  • *Separate deals may be needed for OPEC, non- OPEC- Algeria oilmin. Traders cited hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied markets. Brent crude was down $1.73 at $48.26 a barrel by 1:24 p.m. ET after...

  • WASHINGTON/ QUINCY, Mass., Sept 9- U.S. After Boston Federal Reserve President Eric Rosengren spoke on Friday, odds on a rate hike in September rose to 30 percent probability from 24 percent before his comments. After the more dovish Federal Reserve Governor Daniel Tarullo spoke, that had fallen to a 20 percent chance.

  • *Separate deals may be needed for OPEC, non- OPEC- Algerian oilmin. Still, the market was on course to gain nearly 5 percent, its first weekly gain in three weeks, on hopes for a global deal on stabilizing crude output after Saudi Arabia, the leading oil producer inside OPEC, and Russia, the biggest producer outside the group, agreed on Monday to cooperate in oversupplied...

  • WASHINGTON, Sept 9- Federal Reserve Governor Daniel Tarullo on Friday repeated his assertion that he wants to see more evidence of a sustained uptick in inflation before raising interest rates, dampening expectations of a rate hike by the U.S. central bank next week. Another permanent voter, Fed Governor Lael Brainard, will speak in Chicago on Monday.

  • SYDNEY, Sept 9- U.S. corn futures edged lower for the first time in six sessions on Friday, but recent short covering ahead of a widely watched U.S. government report next week helped push the grain towards weekly gains of nearly 3 percent. *USDA in its September supply and demand outlook is likely to reduce the average corn yield to 173.4 bushels per acre, down from...

  • CHICAGO, Sept 8- The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers. United Parcel Service Inc said on Thursday it is seeing a bump in demand for its freight services and is working with...

  • CHICAGO, Sept 8- Chicago Mayor Rahm Emanuel's proposal to tax water and sewer usage to save a city pension fund from insolvency passed a key city council committee on Thursday despite concerns that revenue will fall short. The tax would raise an estimated $240 million a year once it is fully phased in over five years, helping Chicago gradually increase...

  • Sept 8- The collapse of Hanjin Shipping is expected to cause difficulties with port operations and shipping lines for 2 to 3 months, the U.S. Department of Agriculture said in a report published on Thursday.

  • *China crude oil imports jump in August. If confirmed by data from the U.S. Department of Energy at 11:00 a.m. EDT, that will be the biggest drop in weekly inventories since 1985.. Brent crude oil rose 78 cents to $48.76 a barrel, a 1.6 percent gain, by 9:27 a.m. EDT.

  • *Corn at highest since Aug. 25 as rebound continues. PARIS/ SINGAPORE, Sept 8- Chicago corn futures rose to a two-week high on Thursday, as bargain buying continued after the market touched multi-year lows last week ahead of a U.S. harvest expected to bring a record volume. The Chicago Board of Trade's most-active corn contract had risen 0.5 percent to $3.35 a bushel...

  • CHICAGO, Sept 8- Six years after the Great Recession ended, jobless older workers are the forgotten story of the economic recovery. U.S. employers are creating hundreds of thousands of new jobs every month, but millions of older workers who want a job cannot find work. If you add in workers holding part-time jobs who would rather be working full time, and unemployed...

  • Sept 7- Norwegian Air Shuttle ASA on Wednesday said it planned to start flights to Barcelona from four U.S. cities next summer, heightening competition with U.S. rivals to the popular tourist destination. The Barcelona flights underscore the ambitions of Europe's third-biggest budget carrier, which started New York- Paris flights in July, to rapidly expand its...

  • ATLANTA, Ga., Sept 7- In 2013, the U.S. Centers for Disease Control and Prevention released estimates of how many people in the country die every year from antibiotic resistant infections: 23,000. The agency estimates that an additional 15,000 die annually from Clostridium difficile, an infection linked to long-term antibiotic use. The estimates, the agency...

  • HAMBURG/ SINGAPORE, Sept 7- Chicago soybeans rose on Wednesday on brisk global demand for U.S. supplies that may cut the country's stockpiles, while concern about rain in U.S. crop belts also underpinned. Chicago Board of Trade November soybeans rose 0.8 percent to $9.67-1/ 2 per bushel as of 0954 GMT. A U.S. Department of Agriculture report on Tuesday showed export...

  • CHICAGO, Sept 6- U.S. soybean futures rose on Tuesday on reminders of fresh export demand, extending a modest rebound from multi-month lows set last week, traders said. At the Chicago Board of Trade, November soybeans ended up 7-1/ 4 cents at $9.59-3/ 4 per bushel. December corn closed flat at $3.28-1/ 2 a bushel and December wheat settled down 3/ 4 cent at $3.98-1/ 2 a bushel.

  • NEW YORK, Sept 6- U.S. Tuesday's Institute for Supply Management report on service-sector activity showed a drop in the index to 51.4, from 55.5 in July and much lower than the consensus expectation for a reading of 55.7. "One data point does not make a trend, thus, given industry growth remains in positive territory, albeit minimally above 50, policy officials are...

  • WASHINGTON, Sept 6- A fire on Tuesday gutted a storage shed at a U.S. Department of Agriculture complex in Maryland that was closed last week because of threats, a fire official said. The blaze at Building 426 at the USDA's Beltsville facility took firefighters about two hours to extinguish, Prince George's County fire department spokesman Mark Brady said by...

  • *Gold rises 2 pct in best day since June 24. NEW YORK/ LONDON, Sept 6- Gold prices rose nearly 2 percent on Tuesday, the biggest percentage gain since June, as disappointing U.S. economic data reinforced speculation in the market that the Federal Reserve will not raise interest rates at its September policy meeting. Spot gold rose for a fourth straight day to a session...