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  • SINGAPORE, June 9- London copper futures steadied off a six-week low on Tuesday after modest gains overnight spurred by a weaker dollar, but softening demand from top consumer China capped gains. *Three-month copper on the London Metal Exchange was nearly flat at $5,951 a tonne by 0102 GMT, but off Friday's low of $5,885 which was its weakest since April 23.

  • SINGAPORE, June 9- Gold clung to small overnight gains on Tuesday on a weaker dollar, but the metal remained near an 11- week low as investors fretted over the timing of a U.S. interest rate hike. *Spot gold was steady at $1,174.35 an ounce by 0035 GMT, after gaining 0.2 percent in the previous session. *The metal had fallen to $1,162.35 on Friday, its lowest since March 19,...

  • GRAINS-Wheat clings to gains on U.S. harvest bets Monday, 8 Jun 2015 | 8:44 PM ET

    SINGAPORE, June 9- Chicago wheat futures on Tuesday held gains from the previous session as investors continued to bet that heavy rains would hit yields of the winter wheat crop in the southern U.S. *Wheat for July delivery on the Chicago Board of Trade was up 0.1 percent at $528-3/ 4 a bushel by 0033 GMT. *CBOT soybeans gained 0.4 percent to $9.47-3/ 4 a bushel and corn...

  • *Front month U.S. crude had climbed 20 cents to $58.34 a barrel by 0023 GMT after ending the previous session down 99 cents. *United Nations negotiators on Monday presented Libya's warring factions with a draft proposal to form a unity government and end fighting between two rival governments and their respective armed forces. *The U.S. lacks a "complete strategy"...

  • Soaring L.A. jet prices attract Asian imports Monday, 18 May 2015 | 8:56 PM ET

    SAN FRANCISCO, May 18- Wholesale jet fuel prices in the Los Angeles market remained high on Monday due to maintenance issues at refineries along the West Coast, prompting shipments from Korea and Japan that are expected to arrive in early June, traders said on Monday. The price surge is due to low supplies caused by planned maintenance at Chevron's El Segundo...

  • WASHINGTON, May 12- U.S. small business owners gained confidence in April and were surprisingly bullish about capital expenditure plans, further supporting views that economic growth was rebounding after a dismal first quarter. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index rose 1.7 points to 96.9 last...

  • U.S. small business confidence jumps; energy capex up Tuesday, 12 May 2015 | 9:00 AM ET

    WASHINGTON, May 12- U.S. small business confidence increased in April with owners in the energy field surprisingly bullish about capital expenditure and hiring plans, further supporting views that economic growth was rebounding after a dismal first quarter. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index...

  • U.S. wholesale inventories rise slightly in March Friday, 8 May 2015 | 10:03 AM ET

    WASHINGTON, May 8- U.S. wholesale inventories rose slightly in March as sales fell, data from the Commerce Department showed on Friday. Wholesale inventories rose 0.1 percent after a downwardly revised 0.2 percent rise in February. Economists polled by Reuters had forecast stocks at wholesalers rising 0.3 percent in March after a previously reported 0.3...

  • METALS-London copper drifts ahead of U.S. jobs report Thursday, 7 May 2015 | 8:58 PM ET

    MELBOURNE, May 8- London copper slipped on Friday, weighed by a stronger dollar and worries over consumption in top metals consumer China, and as traders took risk off the table ahead of a major U.S. jobs report. *The most-traded July copper contract on the Shanghai Futures Exchange eased 0.1 percent to 45830 yuan a tonne. *Century Aluminum rejected a...

  • SINGAPORE, May 8- Gold slid for a third straight session on Friday as equities and the dollar firmed after sharp losses, while traders awaited U.S. nonfarm payrolls data to gauge the strength of the economy and its impact on the Federal Reserve's interest rate policy. *Spot gold eased 0.1 percent to $1,182.88 an ounce by 0046 GMT, after losing 0.6 percent in the...

  • SINGAPORE, May 8- Oil prices held steady in early Asian trade on Friday after diving 3 percent in the previous session as the dollar strengthened. *U.S. crude for June delivery was up 7 cents at $59.01 a barrel at 0037 GMT, after settling down $1.99, or 3.3 percent. *Indonesia's energy minister said on Thursday he would seek President Joko Widodo's approval for the...

  • McKesson settles investigation on controlled substances Thursday, 30 Apr 2015 | 5:27 PM ET

    April 30- U.S. drug wholesaler McKesson Corp said it settled with several federal agencies, including the Department of Justice, claims alleging suspicious order reporting practices for controlled substances. The suspensions will not result in supply disruptions to any customer, McKesson said in a regulatory filing on Thursday. McKesson said it had already...

  • Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 281,000 for the week ended April 4, the Labor Department said on Thursday. "The claims data provide no confirmation of the March employment slowdown," said John Ryding, chief economist at RDQ Economics in New York. Treasury debt yields rose on the data and also as Greece's...

  • WASHINGTON, April 9- U.S. wholesale inventories rose in February as sales remained weak, suggesting wholesalers might have little incentive to aggressively restock warehouses in coming months. The Commerce Department said on Thursday wholesale inventories rose 0.3 percent after an upwardly revised 0.4 percent increase in January. Economists polled by...

  • METALS-London copper drifts as U.S. June rate rise eyed Wednesday, 8 Apr 2015 | 9:02 PM ET

    MELBOURNE, April 9- London copper slipped on Thursday as traders eyed minutes from the latest Federal Reserve meeting that signalled a June rate rise may still be on the table, which lifted the dollar and dented the allure of commodities. Prices have been consolidating in a $5,950- $6,300 range for the past fortnight, part of a grinding seasonal recovery from near...

  • SINGAPORE, April 9- Gold retreated for a third session in a row on Thursday after comments from Federal Reserve officials and minutes of the U.S. central bank's meeting last month suggested that a rate increase in June remained on the cards despite recent weak data. *Spot gold was off 0.1 percent at $1,201 an ounce by 0022 GMT. *Newmont Mining Corp said it will go ahead...

  • A 10.95 million barrel surge in U.S. crude stockpiles to 482.4 million, the biggest gain in 14 years, and record Saudi oil production of 10.3 million barrels a day in March had pulled down WTI May futures $3.56, or 6.6 percent, to a settlement price of $50.42 per barrel. It settled down $3.56, or 6.6 percent, at $50.42 a barrel. *Brent crude futures for May were up 51 cents to...

  • The CFIA, which suspended the license on February 26, publicized the suspension on Friday, saying Costco Wholesale Corp did not consistently apply adequate food safety controls. Costco operates 89 warehouses in Canada and reported Canadian revenue of $17.94 billion in 2014.. The Canadian Press, citing an e-mail from Costco, said the suspension came about as a...

  • MELBOURNE, March 11- London copper steadied on Wednesday not far from its lowest in a fortnight as a dollar rally paused and traders stayed cautious given little sign of Chinese demand returning after last month's Lunar New Year. *Three-month copper on the London Metal Exchange edged up by 0.2 percent to $5,775 a tonne by 0133 GMT, after a 1.8 percent loss in the...

  • *Inventory-to-sales ratio highest since July 2009. WASHINGTON, March 10- U.S. wholesale inventories unexpectedly rose in January as sales recorded their biggest decline since 2009, lifting the number of months it would take to clear warehouses to its highest level in more than 5-1/ 2 years. There is far less evidence of anything being amiss among other U.S....