Philippe Van Den Abeele, managing director at Castalia Fund Management, says it's "extremely tough" for shippers at the moment due to over-supply and the commodity "swing factor".» Read More
PARIS, May 18- Chinese, South Korean and Spanish firms are vying to develop a hydropower project likely to cost between $9 billion and $14 billion on the Congo River, Congolese officials said on Saturday.
WASHINGTON, May 18- Cybersecurity professionals know a myriad of ways hackers can try to wreak havoc on critical infrastructure or infiltrate corporations to steal or spy, but it is the fear of the unknown that some say keeps them up at night.
NEW YORK, May 18- Europe's top trade official for the first time late on Friday officially cited Chinese mobile telecommunications equipment makers Huawei and ZTE Corp for violating anti-dumping and anti-subsidy guidelines.
WASHINGTON, May 17- Cases of porcine epidemic diarrhea, a virus associated with diarrhea, vomiting and dehyrdation in hogs, has been found in Iowa and possibly beyond, U.S. government and private industry officials said on Friday.
*Gold at 1- month low as Fed pressured to end US stimulus. Gold fell, touching a 1- month low and closing down for a seventh straight session as the dollar hit its highest levels since 2008 after some Federal Reserve officials said the central bank should end its stimulus for the U.S. economy. Gold was the CRB's biggest loser, falling almost 2 percent.
WASHINGTON, May 17- USDA's National Veterinary Services Laboratories has detected porcine epidemic diarrhea, a virus associated with outbreaks of diarrhea and vomiting, in the Iowa hog population, a USDA spokesman said on Friday. USDA so far has only confirmed detection of PEDV in Iowa.
WASHINGTON, May 17- Turkish Prime Minister Tayyip Erdogan said on Friday Turkey had already significantly reduced its oil imports from Iran, which is under the choke of Western sanctions, and further cutbacks would depend on his country's energy needs.
*Copper up for 2nd day after China data. LONDON, May 17- European shares lifted off lows on Friday while the dollar held near a 10- month high against a basket of currencies as investors considered the prospect the Federal Reserve might begin easing off on asset buying.
*China shuns stimulus despite softer growth track-sources. LONDON, May 17- Copper rose for the second day on Friday, supported by tentative signs of better metals demand in top consumer China, but gains were capped by a stronger dollar and persistent worries about Chinese economic growth.
*Valentin Boanta in prison for helping skimmer gang. *Says no ATM is currently secure against attack. VASLUI, Romania, May 17- Valentin Boanta, sitting in his jail cell, proudly explains the device he has invented which, he says, could make the world's ATMs impregnable even to tech-savvy criminals like himself.
*Shanghai volume on Friday strongest since March 28. HONG KONG, May 17- China shares closed out their third-straight weekly gain strongly on Friday, as investors chased a rally in property stocks ahead of April home price data due on Saturday. The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.5 percent for a 2 percent gain this week.
*China shuns stimulus despite softer growth track-sources. SINGAPORE, May 17- London copper reversed early losses to trade firmer on Friday, tracking gains in Shanghai equities, but is still on course to end a three-week upward streak amid signs Chinese demand is unlikely to pick up strongly as Beijing shuns stimulus measures.
Philippe Van Den Abeele, managing director at Castalia Fund Management, says it's "extremely tough" for shippers at the moment due to over-supply and the commodity "swing factor".
HONG KONG, May 17- China shares closed out their third-straight weekly gain strongly on Friday, as investors chased a rally in property stocks ahead of April home price data due on Saturday. The CSI300 of the leading Shanghai and Shenzhen A-share listings climbed 1.5 percent, while the Shanghai Composite Index closed up 1.4 percent at 2,282.9.
Currency markets took their cue from comments by John Williams, the president of the Federal Reserve Bank of San Francisco, who said the Fed could completely exit its easing by the end of the year. Investors see Williams' thinking as close to that of the Fed's top officials such as Chairman Ben Bernanke and Vice Chair Janet Yellen.
*Gold's 7- session drop is longest losing streak in 4 years. SINGAPORE, May 17- Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead.
TOKYO, May 17- The U.S. dollar held firm near a 10- month high against a basket of currencies on Friday after a regional Fed chief said the U.S. central bank could begin easing up on stimulus this summer, sharpening the high-yielding Aussie's fall.
LAUNCESTON, Australia, May 17- Not even renewed physical gold demand from India and China, the world's top buyers, appears to be enough to spark the precious metal's rally, but may be sufficient to stem further losses.
SHANGHAI, May 17- China's yuan strengthened on Friday after the central bank set an unexpectedly strong official midpoint, following on from an overnight slip in the dollar, to signal its intention to let the Chinese currency appreciate further in the near term. The People's Bank of China set the yuan's midpoint at 6.1997, up 0.16 percent from 6.2096 on Thursday.
*China property buoyed of hopes of easing sector curbs. The Hang Seng Index and China Enterprises Index of the top Chinese listings in Hong Kong posted their first weekly loss in four, shedding 0.8 and 2.4 percent, respectively.