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  • WASHINGTON, July 12- U.S. wholesale inventories rose marginally in May as automobile stocks tumbled, suggesting inventory investment likely remained a drag on economic growth in the second quarter. The Commerce Department said on Tuesday that wholesale inventories edged up 0.1 percent after increasing 0.7 percent in April. "What has been reported suggests...

  • WASHINGTON, July 12- U.S. wholesale inventories rose marginally in May as automobile stocks tumbled, suggesting inventory investment likely remained a drag on economic growth in the second quarter. The Commerce Department said on Tuesday that wholesale inventories edged up 0.1 percent. Inventories for April were revised up to show a 0.7 percent gain instead...

  • Investors appetite for equities has increased after strong economic data and low returns on government bonds, while easing political tensions in Britain and Japan have reduced some global uncertainties. Though treasury yields are hovering at record lows, making equities more attractive, they stand to gain as central banks globally, led by Japan and Britain,...

  • *Futures up: Dow 85 pts, S&P 11 pts, Nasdaq 25.25 pts. July 12- U.S. stock index futures were higher on Tuesday, a day after the S&P 500 hit a record high as investor optimism was propelled by a set of strong economic data. *The benchmark index, which came close several times this year to topping its May 2015 record, finally broke through on Monday to a new high of 2,143.16.

  • MELBOURNE, July 12- London nickel and copper rose for a third day on Tuesday on Philippine supply concerns, and after investors took heart from a robust U.S. labor report. Concerns that the Philippines, China's top supplier of nickel ore used in making stainless steel, may shut some mines after a month-long review that started in July has boosted nickel prices.

  • MELBOURNE, July 12- London copper and nickel rose for a third day on Tuesday after investors took heart from a robust U.S. labour report, while expectations of more stimulus in China fed appetite for metals. *Shanghai Futures Exchange copper climbed 0.8 percent to 37,100 yuan a tonne. *The European Commission has revised down its forecasts for growth in the euro...

  • LONDON, June 27- What sort of threat does the election of a new government in the Philippines pose to China's nickel pig iron sector? China's NPI sector, an integral part of the country's stainless steel supply chain, has become increasingly dependent on Philippine ore since 2014, when its previous main supplier, Indonesia, banned all exports of unprocessed...

  • LONDON, June 27- What sort of threat does the election of a new government in the Philippines pose to China's nickel pig iron sector? China's NPI sector, an integral part of the country's stainless steel supply chain, has become increasingly dependent on Philippine ore since 2014, when its previous main supplier, Indonesia, banned all exports of unprocessed...

  • SYDNEY, June 10- The dollar clung to modest gains early on Friday, having bounced off one-month lows as the euro took a heavy spill while sterling stayed under a cloud on jitters over the upcoming Brexit vote. Driving the index's rise was a bearish turn in the euro, which slid to $1.1316 from a one-month high of $1.1416. A Reuters report on Commerzbank looking to put...

  • NEW YORK, June 9- U.S. British and German sovereign debt yields fell to record lows, driven by concerns about Britain's referendum on European Union membership later this month and the European Central Bank's commencement of its corporate bond purchase program. "It's a demand for securities and yield," said Tom Tucci, head of Treasuries trading at CIBC in New York.

  • NEW YORK, June 9- U.S. British and German sovereign debt yields fell to record lows, driven by concerns about Britain's referendum on European Union membership later this month and the European Central Bank's commencement of its corporate bond purchase program. "It's a demand for securities and yield," said Tom Tucci, head of Treasuries trading at CIBC in New York.

  • WASHINGTON, June 9- The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market despite a sharp slowdown in hiring last month. Initial claims for state unemployment benefits declined 4,000 to a seasonally adjusted 264,000 for the week ended June 4, the Labor Department said.

  • WASHINGTON, June 9- The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to sustained strength in the labor market despite a sharp slowdown in hiring last month. Initial claims for state unemployment benefits declined 4,000 to a seasonally adjusted 264,000 for the week ended June 4, the Labor Department said.

  • WASHINGTON, June 9- U.S. wholesale inventories recorded their largest increase in 10 months in April as stocks of machinery and farm products rose, suggesting inventories could be a boost to economic growth in the second quarter. The Commerce Department said on Thursday that wholesale inventories increased 0.6 percent. Inventories for March were revised up...

  • *The most active Chicago Board of Trade March soybeans climbed 0.11 percent to $11.79 a bushel, having firmed 3.2 percent on Wednesday when prices hit their highest since the end of June 2014 at $11.89-1/ 4 a bushel. *The U.S. Department of Agriculture has announced spot soybean sales for three days in a row, highlighting the problems that excessive rains have...

  • MELBOURNE, June 9- London copper rose on Thursday as the dollar stayed weak on expectations of a delayed rate hike by the Federal Reserve with a two-day holiday in China draining volumes and direction from metals. *China's central bank slashed its forecast for exports on Wednesday, predicting a second straight annual fall in shipments, but said the economy will...

  • *Spot gold was nearly flat at $1,262.26 an ounce by 0054 GMT, having earlier hit $1,266.01, its best since May 18. *Signs are emerging that a downturn in the United States and China, the world's two biggest economies, may have bottomed out, the OECD's monthly leading indicator showed on Wednesday. *Russia produced 67.75 tonnes of gold in January- April 2016, up from 63.27...

  • JOHANNESBURG, May 18- South Africa's Spar Group reported on Wednesday a slower rise in half-year profit than in the same period a year earlier, as foreign exchange losses weighed on earnings. Sales rose 16.7 percent to 42 billion rand, buoyed by the contribution of BWG Group, an Irish retailer, which Spar bought in 2014.. But finance costs, including foreign...

  • WASHINGTON, May 10- U.S. wholesale inventories barely rose in March as sales recorded their largest increase in nearly a year, suggesting little impact on the first-quarter economic growth estimate. The Commerce Department said on Tuesday wholesale inventories edged up 0.1 percent. February inventories were revised down to show a 0.6 percent decrease...

  • May 10- Wall Street opened higher on Tuesday, tracking global equities, as investors' appetite for risk increased and as oil prices rose, boosting energy shares. World stock markets also rose, helped by solid corporate earnings in Europe, progress on Greek debt talks, and a new pledge by Japan that it was prepared to weaken its currency. "The market has been resilient...