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  • SINGAPORE, May 8- Gold slid for a third straight session on Friday as equities and the dollar firmed after sharp losses, while traders awaited U.S. nonfarm payrolls data to gauge the strength of the economy and its impact on the Federal Reserve's interest rate policy. *Spot gold eased 0.1 percent to $1,182.88 an ounce by 0046 GMT, after losing 0.6 percent in the...

  • SINGAPORE, May 8- Oil prices held steady in early Asian trade on Friday after diving 3 percent in the previous session as the dollar strengthened. *U.S. crude for June delivery was up 7 cents at $59.01 a barrel at 0037 GMT, after settling down $1.99, or 3.3 percent. *Indonesia's energy minister said on Thursday he would seek President Joko Widodo's approval for the...

  • McKesson settles investigation on controlled substances Thursday, 30 Apr 2015 | 5:27 PM ET

    April 30- U.S. drug wholesaler McKesson Corp said it settled with several federal agencies, including the Department of Justice, claims alleging suspicious order reporting practices for controlled substances. The suspensions will not result in supply disruptions to any customer, McKesson said in a regulatory filing on Thursday. McKesson said it had already...

  • Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 281,000 for the week ended April 4, the Labor Department said on Thursday. "The claims data provide no confirmation of the March employment slowdown," said John Ryding, chief economist at RDQ Economics in New York. Treasury debt yields rose on the data and also as Greece's...

  • WASHINGTON, April 9- U.S. wholesale inventories rose in February as sales remained weak, suggesting wholesalers might have little incentive to aggressively restock warehouses in coming months. The Commerce Department said on Thursday wholesale inventories rose 0.3 percent after an upwardly revised 0.4 percent increase in January. Economists polled by...

  • METALS-London copper drifts as U.S. June rate rise eyed Wednesday, 8 Apr 2015 | 9:02 PM ET

    MELBOURNE, April 9- London copper slipped on Thursday as traders eyed minutes from the latest Federal Reserve meeting that signalled a June rate rise may still be on the table, which lifted the dollar and dented the allure of commodities. Prices have been consolidating in a $5,950- $6,300 range for the past fortnight, part of a grinding seasonal recovery from near...

  • SINGAPORE, April 9- Gold retreated for a third session in a row on Thursday after comments from Federal Reserve officials and minutes of the U.S. central bank's meeting last month suggested that a rate increase in June remained on the cards despite recent weak data. *Spot gold was off 0.1 percent at $1,201 an ounce by 0022 GMT. *Newmont Mining Corp said it will go ahead...

  • A 10.95 million barrel surge in U.S. crude stockpiles to 482.4 million, the biggest gain in 14 years, and record Saudi oil production of 10.3 million barrels a day in March had pulled down WTI May futures $3.56, or 6.6 percent, to a settlement price of $50.42 per barrel. It settled down $3.56, or 6.6 percent, at $50.42 a barrel. *Brent crude futures for May were up 51 cents to...

  • The CFIA, which suspended the license on February 26, publicized the suspension on Friday, saying Costco Wholesale Corp did not consistently apply adequate food safety controls. Costco operates 89 warehouses in Canada and reported Canadian revenue of $17.94 billion in 2014.. The Canadian Press, citing an e-mail from Costco, said the suspension came about as a...

  • MELBOURNE, March 11- London copper steadied on Wednesday not far from its lowest in a fortnight as a dollar rally paused and traders stayed cautious given little sign of Chinese demand returning after last month's Lunar New Year. *Three-month copper on the London Metal Exchange edged up by 0.2 percent to $5,775 a tonne by 0133 GMT, after a 1.8 percent loss in the...

  • *Inventory-to-sales ratio highest since July 2009. WASHINGTON, March 10- U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/ 2 years. There is far less evidence of anything being amiss among other U.S....

  • WASHINGTON, March 10- U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, pushing the number of months it would take to clear warehouses to its highest level in more than 5-1/ 2 years. Economic growth in recent months has been slowed by harsh winter weather as well as a now-settled labor dispute at West...

  • WASHINGTON, March 10- U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, pushing the number of months it would take to clear warehouses to its highest level in more than 5-1/ 2 years. The Commerce Department said on Tuesday wholesale inventories increased 0.3 percent. Sales at wholesalers fell 3.1...

  • WASHINGTON, March 10- U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, pushing the number of months it would take to clear warehouses to its highest level in more than 5-1/ 2 years. The Commerce Department said on Tuesday wholesale inventories increased 0.3 percent. Sales at wholesalers fell 3.1...

  • *Confidence in China or Europe needed for copper recovery- Citi. LONDON, March 10- Copper fell on Tuesday as the dollar hit multi-year highs against the euro and yen and as data showed increased factory sector deflation in top copper consumer China. Copper has been recovering from 5-1/ 2 year lows touched in January, after which bullish investors came in betting on a...

  • METALS-London copper turns lower as dollar firms Monday, 9 Mar 2015 | 11:51 PM ET

    MELBOURNE, March 10- London copper slipped on Tuesday as a stronger dollar clipped gains from short-covering in the previous session, while traders waited for signs of demand from China, the world's top copper user, after last month's long holiday. But we expect real estate and machinery sectors to be weak near-term, "said analyst Ivan Szpakowski of Citi in Hong...

  • MELBOURNE, March 10- London copper slipped on Tuesday as a stronger dollar clipped short-covering led gains from the previous session, while traders waited on signs of demand from the world's top copper user after last month's long holiday. *Three-month copper on the London Metal Exchange slipped by 0.4 percent to $5,846 a tonne by 0107 GMT, following a 2.2...

  • SINGAPORE, March 10- Gold was stuck near three-month lows on Tuesday on renewed expectations of a mid-year hike in U.S. interest rates and as the dollar scaled a fresh 11- year peak. *Gold took a hit from Friday's strong U.S. nonfarm payrolls data that boosted expectations the Federal Reserve would begin increasing interest rates in June. *Finance experts from...

  • SINGAPORE, March 10- U.S. crude futures were trading slightly below $50 a barrel on Tuesday morning as the dollar traded at a three-month peak, ahead of key data on weekly crude stocks later in the day. *U.S. crude was down 3 cents at $49.97 by 0025 GMT. *Benchmark Brent oil was down 10 cents to $58.43 a barrel.

  • CHICAGO, March 5- Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-largest U.S. retailer told Reuters on Thursday. The ongoing push by Costco, which sells 80 million rotisserie chickens a year, highlights...