Retail Distributors

  • 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...

  • *World stocks also higher on earnings, Greek talks, Japan. May 10- Wall Street was poised to open higher on Tuesday, tracking global equities, as investors' appetite for risk increased and as oil prices rose. 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...

  • LONDON, May 10- Gold steadied just above a near two-week low on Tuesday, after its steepest loss since March in the prior session, but a firm dollar curbed appetite for the precious metal. Spot gold was up 0.1 percent at $1,264.53 an ounce by 1158 GMT, after hitting an early low of $1,259.51, its weakest since April 28. "The drivers that have lifted gold prices still...

  • May 10- U.S. stock index futures were higher on Tuesday, helped by a rise in oil prices as the raging wildfire in Canada hit supplies and temporarily eclipsed concern over high global inventories. *Oil prices were up more than 1 percent, driven by supply disruptions in Canada and elsewhere that have knocked out 2.5 million barrels of daily production.

  • LONDON, May 10- Gold steadied just above a near two-week low on Tuesday, after its steepest loss since March in the prior session, but a steadier dollar curbed appetite for the precious metal. Spot gold was up 0.2 percent at $1,265.35 an ounce by 0957 GMT, after hitting an early low of $1,259.51, its weakest since April 28. "The drivers that have lifted gold prices still...

  • SYDNEY, May 10- U.S. corn futures edged higher on Tuesday, although prices held not far off a one-month low on expectations that the U.S. Department of Agriculture will report stocks at a 29- year high later in the session. *USDA's monthly reports on Tuesday to include the government's first official supply-and-demand tables for the 2016/ 17 marketing year.

  • MANILA, May 10- Gold slipped to a 1-1/ 2- week low on Tuesday, extending steep losses from the prior session as the dollar remained strong, curbing appetite for the precious metal. *Spot gold was off 0.3 percent at $1,260.31 an ounce by 0037 GMT, after hitting an early low of $1,259.51, its weakest since April 28. *Tuesday marked gold's sixth fall out of seven sessions,...

  • MELBOURNE, May 10- London copper held around four-week lows on Tuesday after renewed jitters about Chinese economic growth and a shakeout in steel prices tarnished demand for commodities. *Three-month copper on the London Metal Exchange hit the weakest since April 12 at $4,680 a tonne, before trading little changed at $4,685.50 a tonne by 0022 GMT, following...

  • April 18- Costco Wholesale Corp is considering building a poultry-processing plant in Nebraska, according to a local development council, a move that would give the retailer tighter control over its chicken supplies. The facility, if built in Nebraska's Dodge County, would create 1,100 jobs, work with local chicken farmers and invest $180 million in the region,...

  • *Industrial production falls 0.6 percent. *Manufacturing output drops 0.3 percent. WASHINGTON, April 15- U.S. industrial production fell more than expected in March as manufacturing and mining production decreased, the latest indication that economic growth braked sharply in the first quarter.

  • WASHINGTON, April 14- U.S. consumer prices barely rose in March and underlying inflation slowed, suggesting little urgency for a cautious Federal Reserve to raise interest rates in the near term. "A rate hike is unquestionably off the table for April, with a June rate increase increasingly unlikely barring a surge in domestic activity and perceived calm on the...

  • *Consumer prices rise 0.1 percent in March. WASHINGTON, April 14- U.S. consumer prices rose less than expected in March and underlying inflation slowed, suggesting the Federal Reserve will remain cautious about raising interest rates this year. The Labor Department said its Consumer Price Index gained 0.1 percent last month as a rebound in gasoline prices was...

  • WASHINGTON, April 14- U.S. consumer prices rose less than expected in March and underlying inflation slowed, suggesting the Federal Reserve will remain cautious about raising interest rates this year. The Labor Department said on Thursday its Consumer Price Index gained 0.1 percent last month as a rebound in gasoline prices was partly offset by a drop in the...

  • WASHINGTON, April 13- U.S. retail sales unexpectedly fell in March as households cut back on purchases of automobiles and other items, further evidence that economic growth stumbled in the first quarter. For the Federal Reserve... it argues for continued caution, "said Millan Mulraine, deputy chief economist at TD Securities in New York. The Commerce Department...