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Thailand is set to sell half-a-million tons of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain.
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SEOUL/ NEW DELHI, April 5- Asian policymakers braced for a flood of capital unleashed by the Bank of Japan's huge monetary stimulus, but some conceded on Friday the impact on global money flows and currencies might prove to be a necessary side-effect to get the region's No.2 economy growing.
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*BOJ pledges to pump $1.4 trillion into economy. TOKYO, April 5- The yen touched a 3-1/ 2- year low on Friday after suffering its biggest one-day tumble since late 2008 in the previous session, when the Bank of Japan surprised markets with a radical campaign of monetary expansion to attack deflation.
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*Technical support seen near 85- to 86- cent range- broker. NEW YORK, April 4- ICE cotton fell on Thursday, as weekly U.S. government export data were not seen as strong enough to boost prices and losses across commodities markets weighed. The most-active May cotton contract on ICE Futures U.S. fell 0.89 cent, or 1 percent, to settle at 88.33 cents per pound.
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HONG KONG, April 5- The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, which offered a last minute and complex financing package known to only a few involved, people with knowledge of the matter told Reuters.
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*Sugar aided by potential for rising inflation in Far East. Cocoa prices were lower, weakened partly by origin selling while arabica coffee futures also fell. May raw sugar futures rose 0.13 cent or 0.7 percent to 17.63 cents a lb by 1403 GMT.
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*Brazil, Thai mills operating at near production cost. *Brazil cane area up, Russian beet acreage seen down. LONDON, April 4- Top sugar exporters Brazil and Thailand are raising production to cut costs in an effective price war, aggravating an already heavily oversupplied global market as values slide to the lowest levels in over 2-1/ 2 years.
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*Sugar aided by potential for rising inflation in Far East. NEW YORK/ LONDON, April 4- Raw sugar futures on ICE turned higher on Thursday as hopes that monetary stimulus in Japan will spur more buying lifted prices that had dropped to nearly three-year lows on the expectation that more Indian supplies will reach the global market.
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BANGKOK, April 4- The annual maintenance shutdown of gas fields in Myanmar doesn't normally make headlines in Thailand, but this year shows the failure of Thai electricity generation to keep up with economic growth.
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*Plentiful coffee from previous Brazil crop-Licht. May raw sugar futures edged down 0.02 cent or 0.1 percent to 17.57 cents a lb by 1119 GMT, just above Tuesday's 2-1/ 2 year low of 17.50 cents. "Big crops in Thailand, India and Mexico, and the favourable weather in Brazil suggesting a good crop there: all of these factors suggest general bearishness."
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NEW YORK-- Pizza Hut has found a way to get more cheese into American diets _ a pizza crust made of little cheese-stuffed bread bowls. The "Crazy Cheesy Crust," which will be available for several weeks, isn't the first time Pizza Hut has incorporated cheese into its crusts.
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HONG KONG-- The director of China's biggest box-office hit says "Lost in Thailand" succeeded by showing a rarely seen subject: modern Chinese life. But "Lost in Thailand" was a low-budget and light-hearted road-trip tale about an ambitious executive who goes to Thailand to get his boss's approval for a business deal.
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TOKYO, March 29- Whether the world's largest economy can sustain momentum will be a primary focus for investors for the next three months after a general recovery trend in the United States helped risk sentiment for broad markets in the first quarter of 2013..
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OTTAWA, March 27- Banks are lining up to expand their presence in Canada, and the government welcomes this as a way of fostering competition, Canadian Finance Minister Jim Flaherty said on Wednesday.
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*Data due on Thurs, March 28, around 0400 GMT. BANGKOK, March 22- Thailand's exports in February likely slipped from a year earlier due to fewer working days during the Lunar New Year holidays and still soft overseas demand while a strong baht has added to the concerns of exporters.
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Thailand is set to sell half-a-million tons of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain.
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SYDNEY, March 28- Australian shares are likely to open lower on Thursday, the last day of trade before the Easter holiday, following a subdued session on Wall Street amid ongoing concerns about the Cyprus financial crisis.
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March 28- Thailand intervenes in the rice market each year to support millions of farmers, but the scheme launched by the government in October 2011 guaranteed prices so generous that they have caused huge stockpiles, hit exports and strained finances.
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*Thailand may have to sell 500,000 T rice on world markets at a loss. SUPHAN BURI, Thailand, March 28- Thailand is set to sell half-a-million tonnes of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain bought under a government scheme.
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BANGKOK, March 27- The main Philippine index scaled a record high on Wednesday after Fitch Ratings upgraded the country's sovereign rating to investment grade and the Indonesian index closed at an all-time high after the appointment of a new central bank governor.
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JAKARTA, March 27- Indonesia will miss its ambitious goal to be self-sufficient in soybeans by next year due to a shortage of convertible land, its agriculture minister said, signalling the nation will continue to rely heavily on imports of the meat substitute.