India's Commerce Minister Anand Sharma spoke to CNBC's Adam Bakhtiar in an exclusive interview about the global impact of India's trade deal with the European Union» Read More
*Soros Fund Management cuts SPDR Gold Trust holdings. LONDON, May 16- Gold dropped for the sixth consecutive session on Thursday, hitting its lowest level in four weeks, on a stronger dollar and battered investor sentiment. Gold fell as much as 1.6 percent to a low of $1,369.29 an ounce and stood at $1,374.46 at 1012 GMT.
*Gold has dropped nearly 18 pct this year. SINGAPORE, May 16- Gold dropped to its weakest level in almost a month on Thursday, hurt by a firmer dollar and as holdings in exchange-traded funds fell to the lowest in over four years, potentially stretching bullion's losing streak to a sixth day. Gold is less than $60 away from two-year lows hit in mid-April.
In testimony to parliament on the F-35, for which Australia is one of the largest international buyers with plans for up to 100, Australia's air force chief Air Marshal Geoff Brown said rivals were years behind the Lightning II's development.
*Gold to hover above $1,385- technicals. SINGAPORE, May 16- Gold reversed early losses on Thursday, buoyed by bargain hunting in China after a five-day losing streak, but remained under pressure as holdings in exchange-traded funds tumbled to their lowest in four years.
*Gold to hover above $1,385- technicals. SINGAPORE, May 16- Gold reversed early losses on Thursday after the U.S. dollar weakened, but remained under pressure as holdings in exchange-traded funds tumbled to their lowest in four years. Gold was up 0.24 percent at $1,395.61 by 0312 GMT, having slipped to a near 1- month low at $1,386.89 in volatile trade.
Inbound M&A into India totals $9.86 billion this year, the highest in Asia, Thomson Reuters data shows, pointing to growing confidence among overseas firms in the potential of a 1.2 billion-strong consumer market. "India as a country is under-consumed. In 2012, foreign direct investment into India dipped about 7 percent to $29.3 billion.
CANBERRA, May 16- Australia is set to buy up to $3 billion worth of long-range maritime patrol drones and said on Thursday it had asked close ally the United States for detailed information and costings on the U.S. Navy's MQ-4C Triton unmanned aircraft.
SINGAPORE, May 16- Gold fell for a sixth session on Thursday in its longest losing streak since March 2009, after holdings in exchange-traded funds fell to their lowest in four years as rallying stock markets dulled bullion's safe-haven appeal.
May 15- A trans-Atlantic divide between European and U.S. retailers over how best to respond to fatal disasters in Bangladesh textile factories split wide open on Wednesday, with U.S. retailers claiming their European counterparts are giving labor unions too much control over ensuring workplace safety.
This time, would-be investors such as KKR, the Blackstone Group and Macquarie Group are looking at buying into completed projects, a relatively safe bet, tempted by valuation expectations that have fallen roughly 25-30 percent over the past two years, fund managers and bankers said.
*Gold down for fifth straight session, longest since Jan 2011. *Gold buying in India muted after new restrictions. NEW YORK/ LONDON, May 15- Gold slid below $1,400 an ounce on Wednesday, losing two percent and hitting its lowest in nearly a month as a record rally in U.S. equities and economic optimism undermined bullion's safe-haven appeal.
Wednesday is the deadline for retailers to decide whether to sign onto a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe's IndustriALL. Almost 30 garment and retail brands sourcing from Bangladesh- including the world's two biggest fashion retailers- have signed up so far, though few major U.S. companies have done so.
*Wheat falls below $7 a bushel to a two-week low. CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 2 percent to a two-week low on Wednesday in reaction to technical selling, a stronger U.S. dollar and lackluster exports of U.S. grain, traders said. July soybeans fell 3-3/ 4 cents at $14.11 a bushel and July corn was down 1/ 4 cent at $6.52- 1/ 4 a bushel.
PIERRE, S.D.-- Attorney General Marty Jackley says South Dakota will get more than $1 million as its share of a national settlement with a pharmaceutical manufacturer that allegedly distributed substandard drugs.
CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 1 percent on Wednesday on lackluster export demand for U.S. grain, a stronger U.S. dollar and technical selling, traders said. At the CBOT as of 10:25 a.m. CDT, July wheat was down 8-1/ 2 cents at $7.02- 1/ 4 per bushel.
*Gold buying in India muted after new restrictions. LONDON, May 15- Gold fell for the fifth straight session on Wednesday, hitting a four-week low below $1,400 as the dollar strengthened to a six-week high versus the euro, clouding the metal's already weak technical picture.
*China expected to spend less on steel. LONDON, May 15- Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources.
They bought $5.3 billion in Treasuries in March and $2.6 billion the previous month, but that was a significant reduction from inflows of $32.3 billion in January and nearly $30 billion in December. Most Asian central banks were net sellers of Treasuries for the month, including China, Japan, Taiwan, Singapore and India.
*Gold buying in India muted after new restrictions. LONDON, May 15- Gold fell for the fifth straight session on Wednesday, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone data. Spot gold fell 0.8 percent to $1,414.56 an ounce at 1000 GMT, having touched its lowest since April 23 at $1,408.19 earlier.
*Gold drops to lowest since April 23. *Gold's target of $1,395 resumed- technicals. Gold was down $15.8 at $1,409.59 an ounce by 0814 GMT, after swinging between a high of $1,430.24 and the three-week low of $1,408.24.