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  • *The most active wheat futures contract on the Chicago Board of Trade fell 0.27 percent to $4.64 a bushel, having closed up 0.54 percent on Tuesday. *Traders and analysts expect the USDA to further increase its estimates for global corn and soybean inventories from February. *The USDA on Tuesday said private exporters struck deals to sell 110,000 metric tons of...

  • MANILA, March 9- Gold edged lower on Wednesday, slipping with the euro as expectations that the European Central Bank is almost certain to ease policy this week weighed on the single currency. *Spot gold was down 0.6 percent at $1,253.46 an ounce by 0128 GMT. *Investors expect the European Central Bank to cut its deposit rate by at least 10 basis points and expand its...

  • WASHINGTON, Feb 9- U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth. said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. Job openings, a measure of labor demand, increased 261,000 to a...

  • WASHINGTON, Feb 9- U.S. wholesale inventories slipped in December for a third straight month as businesses continued to reduce unsold merchandise, suggesting the advance fourth-quarter economic growth estimate could be revised slightly lower. The Commerce Department said on Tuesday wholesale inventories dipped 0.1 percent. November inventories were...

  • SYDNEY, Feb 9- U.S. soybeans rose for the first time in five sessions on Tuesday, coming off their lowest level in nearly one month, though gains were capped as heavy rains improved production prospects in Argentina. *Storms brought moisture to dry fields in Argentina during a key time for crop development. *Traders have been on edge about weather conditions in...

  • SYDNEY, Feb 9- U.S. soybeans rose for the first time in five sessions on Tuesday, coming off their lowest level in nearly two months, though gains were capped as heavy rains improved production prospects in Argentina. *Storms brought moisture to dry fields in Argentina during a key time for crop development. *Traders have been on edge about weather conditions in...

  • MELBOURNE, Feb 9- London copper was underpinned by weakness in the dollar on Tuesday, with extremely low turnover as traders waited for the return of top consumer China next week for fresh signals on demand. Copper topped out at its highest in a month at $4,720 on Thursday and trade is expected to stay quiet with China out this week for the Lunar New Year break.

  • MANILA, Feb 9- Gold stayed near its highest since June at close to $1,200 an ounce on Tuesday, buoyed by uncertainty over global growth that has kept stock markets under immense selling pressure. *Spot gold was flat at $1,191.10 an ounce by 0037 GMT. The metal, which thrives on instability in markets elsewhere, rose as high as $1,200.60 on Monday, its strongest since...

  • BUENOS AIRES, Feb 3- Argentine power distributor Edenor has said that the jump in power rates announced last week will not significantly alter the firm's revenue flows as the increase in tariff paid by the consumer replaces a government subsidy. The energy ministry last week set new seasonal prices charged to distributors in the wholesale electricity market...

  • *Nigeria's currency in free fall due to oil slump. ABUJA, Jan 24- Food wholesaler Chioma Oluwaseun was sorting through the inventory in her warehouse to hike prices for imports, in line with a Nigerian currency that has lost a third of its value on unofficial "parallel markets" since last month. Even though the naira is plunging on the street, a result of the collapse of...

  • WASHINGTON, Jan 8- U.S. wholesale inventories fell more than expected in November amid a push by businesses to reduce a stockpile of unsold goods, the latest indication that economic growth moderated sharply in the fourth quarter. The Commerce Department said on Friday wholesale inventories dropped 0.3 percent as inventories of both durable and nondurable...

  • SYDNEY, Jan 8- U.S. corn edged lower on Friday, with the grain set to post its third consecutive weekly loss as weaker demand for U.S. supplies in the wake of bumper South American exports pushed prices to a near seven-month low. *The USDA reported on Thursday that export sales of U.S. corn in the week to Dec. 31 were 252,900 tonnes, below analysts' expectations for 400,000...

  • MELBOURNE, Jan 8- London copper sank to near its weakest since mid-2009 on Tuesday after an equity rout this week jangled nerves over Beijing's ability to revive its shuddering economy, casting a pall over the demand outlook from the world's top user of metals. *Three-month copper on the London Metal Exchange had eased 0.3 percent to $4,511 a tonne by 0105 GMT,...

  • LONDON, Dec 23- Traffic on the U.S. rail network continues to weaken in a sign of the slowdown spreading across the industrial economy and efforts by firms to reverse the unplanned build up of inventories throughout the supply chain. The number of railcars and containers carried by the major railroads was down 8 percent last week compared with the same week a year...

  • Dec 22- An outbreak of E. coli linked to rotisserie chicken salad sold by warehouse club operator Costco Wholesale Corp appears to be over, the U.S. Centers for Disease Control said on Tuesday. The Costco outbreak was initially traced to a celery-and-onion mix made by Taylor Farms Pacific Inc used in making the chicken salad. Products were recalled from chains...

  • One of those plants allegedly supplied a subsidiary of Thai Union, AP reported. "Any illegal or unethical labour practices are unacceptable to Thai Union," the company's Chief Executive Thiraphong Chansiri said in the statement. Thai Union, which counts Wal-Mart and Costco Wholesale Corp among buyers, said last week it had decided to stop working with external...

  • WASHINGTON, Dec 11- U.S. retail inventories excluding automobiles rose in October, suggesting inventories could be less of a drag on fourth-quarter growth than previously thought. Inventories are a key component of gross domestic product. Retail inventories excluding autos, which go into the calculation of GDP, increased 0.4 percent in October after an...

  • WASHINGTON, Dec 10- U.S. economic growth for the third quarter is likely to be revised lower after data on Thursday showed a bit less spending on services and software than previously estimated. Based on the QSS data, economists at Barclays and JPMorgan estimated another one-tenth of a percentage point would be subtracted from the GDP estimate.

  • LONDON, Dec 10- Travel giant TUI Group is likely to sell its Hotelbeds unit but is not considering a sale of its specialist holiday brands, Peter Long, joint-chief executive of the company told reporters on a call on Thursday. TUI said in May that Hotelbeds, the biggest business-to-business accommodation wholesaler, was the subject of a strategic review.

  • WASHINGTON, Dec 9- U.S. wholesale inventories fell in October as businesses stepped up efforts to reduce stockpiles of unsold merchandise, suggesting inventories would again be a drag on growth in the fourth quarter. The Commerce Department said on Wednesday wholesale inventories slipped 0.1 percent as stocks of both durable and nondurable goods fell.