The market is likely to head higher in the near term, but new highs can't be trusted, contrarian investor Marc Faber tells CNBC.» Read More
Thailand has piled up about 17 million tonnes of milled rice since the scheme started in October 2011, and with warehouses filled to brim it's running out of space for the next crop that will start arriving in November this year.
--Clyde Russell is a Reuters market analyst. Indonesia has joined China, the region's biggest oil consumer, and India, the third-largest, in moving toward market-based pricing for transport fuels.
UDON THANI, Thailand, June 16- Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many illustrating a boom in the Thai economy beyond the bright lights of Bangkok.
*South America may sell more due to India hold ups. SINGAPORE/ MUMBAI, June 14- Rains across India's eastern crop belt are holding up shipments of corn, tightening feed grain supplies in Vietnam, Indonesia and Malaysia.
Attorney Paul Fishman said the conspiring hackers gained unauthorized access to computer networks, diverted customer funds to bank accounts and pre-paid debit cards and used "cashers" to make ATM withdrawals and fraudulent purchases in Georgia, Illinois, Massachusetts, New York and elsewhere.
GENEVA, June 12- Major economies competing to restore export-led growth are stealthily imposing more protectionist measures than at any time since the financial crisis began, a leading trade monitoring group said in a report seen by Reuters on Wednesday.
*Goldman Sachs 3- month sugar price forecast 17.5 c/lb. LONDON, June 12- ICE raw sugar futures steadied above a three-year low on Wednesday as traders digested data showing Brazil's harvest remained on track for a record cane crush.
*Myanmar looks to coal to meet acute power shortages. NAYPYITAW, Myanmar, June 12- A pipeline connecting western Myanmar to China is ready to carry gas from July, but it won't be fully operational for about three more months due to construction delays in China, Myanmar's energy minister said.
HONG KONG, June 12- Efforts to make the global financial system safer could be making Asia more- not less- vulnerable to any credit market shocks, leaving bond traders worried that a sharp selloff since late May could turn into a rout.
*Unica: Brazil's center-south late May sugar output falls 11 pct. *Brazil's mills allocate 41.8 pct cane to sugar, 58.2 pct to ethanol.
*Sugar trade awaits Unica Brazil cane data at 1700 GMT. NEW YORK/ LONDON, June 11- ICE raw sugar futures eased to their lowest level in about three years, pressured by a huge harvest in top grower Brazil, before the release of Brazilian cane industry data due later on Tuesday.
NEW YORK, June 10- After 109 years of selling beauty products, Coty Inc is ready for its close-up, blemishes and all. The maker of Stetson cologne, OPI nail polish and Sally Hansen lip balm, is set to go public Wednesday on the New York Stock Exchange, with shares to trade on Thursday.
NAYPYITAW, Myanmar, June 10- In a cramped auditorium in Myanmar's capital, pro-democracy champion Aung San Suu Kyi had a message for the world's business elite: her country is teeming with foreign investors scouting for opportunities in one of Asia's final frontier markets, but not many are actually investing.
HANOI, June 7- Vietnam's Intimex Group plans to expand its overseas business and hopes to list abroad, after wresting control of the country's coffee market in the past two years from foreign-invested firms.
The driver for Wednesday's jump in the premium to $3.75 a barrel was news that South Korea, the world's fifth-biggest crude importer, has boosted incentives for crude imports from regions other than the Middle East.
TOKYO, June 6- The Nikkei share average is expected to drop below 13,000 for the first time in two months on Thursday following disappointing U.S. private jobs data, extending the Japanese index's 18 percent slide from a 5-1/ 2 year peak hit last month.
LONDON, June 6- The Indian service sector provided a bright spot among emerging markets in May, though manufacturing production growth in Asian economies was muted, according to an influential HSBC survey published on Thursday.
NEW YORK, June 5- Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, U.S. and UK law enforcement officials said on Wednesday. Federal prosecutors in New Jersey said they had filed charges against a 23- year-old man from Vietnam.
NEW YORK, June 5- Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, U.S. and UK law enforcement officials said on Wednesday. On Wednesday, prosecutors in New Jersey said they had filed charges against a 23- year-old man from Vietnam.
TOKYO, June 5- Japan's Idemitsu Kosan Co said it would proceed with a $9 billion oil refinery project in Vietnam as it had reached a final investment decision with co-investors Mitsui Chemicals Inc, Kuwait Petroleum International and PetroVietnam.