WASHINGTON, Dec 10- U.S. economic growth was likely stronger in the third quarter than previously reported, according to data on Wednesday that showed spending on services expanding at a brisk clip. "This increased services spending suggests there is greater traction in the economy than was previously assumed and that despite global growth concerns, domestic...» Read More
WASHINGTON, Oct 9- The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market. Initial claims for state unemployment benefits dropped 1,000 to a seasonally adjusted 287,000 in the week ended Oct. 4, the Labor Department said on...
WASHINGTON, Oct 9- U.S. wholesale inventories rose by the most in four months in August, a sign the U.S. economy may have grown more than expected in the third quarter. The Commerce Department said on Thursday wholesale inventories increased 0.7 percent during the month after a 0.3 percent gain in July, which was larger than initially estimated.
*Aurubis hikes 2015 copper term premium $5 to $110/ T. LONDON, Oct 9- Copper and other base metals rebounded on Thursday after U.S. central bank authorities signalled they would not rush to boost interest rates, extending a period of cheap capital for industry and investors. "It was a surprise, definitely everyone thought the dollar strength would go in one direction,"...
SINGAPORE Oct 9- U.S. crude futures climbed towards $88 a barrel on Thursday, rebounding after falling to their lowest level in 18 months on a weaker dollar and a draw on inventories at the Cushing delivery hub. *U.S. crude inventories surged by 5 million barrels in the week to Oct. 3, far higher than the 1.5 million barrel build forecast by analysts, data from the U.S....
SINGAPORE, Oct 9- Gold climbed to its highest in nearly two weeks on Thursday as expectations of an early hike in U.S. interest rates eased and the dollar lost traction after the release of minutes of the last Federal Reserve policy meeting. *Spot gold rose to $1,223.61 an ounce early on Thursday, before paring gains to trade down 0.2 percent at $1,219.30 by 0036 GMT.
SYDNEY, Oct 9- London metals climbed on Thursday after minutes of the latest Federal Reserve meeting doused fears of any early move to raise interest rates, potentially prolonging cheap capital for industry and investors. *The most-traded December copper contract on the Shanghai Futures Exchange finished down 1.2 percent at 47,340 yuan a tonne in the...
DEARBORN, Sept 29- Higher recall costs in North America and steeper losses in Russia and South America have caused Ford Motor Co to slash its forecast for pretax profit this year to $6 billion, from $7 billion to $8 billion previously, executives told investors at a briefing on Monday.
WASHINGTON, Sept 10- U.S. wholesale inventories barely rose in July, suggesting a slower pace of stock accumulation at the start of the third quarter that prompted economists to trim growth estimates. The Commerce Department said on Wednesday wholesale inventories edged up 0.1 percent, the smallest rise since July of last year, after a 0.2 percent gain in June.
WASHINGTON, Sept 10- U.S. wholesale inventories barely rose in July, suggesting a slower pace of stock accumulation at the start of the third quarter that could prompt economists to trim their growth estimates.
LONDON, Sept 10- Copper prices rose on Wednesday but remained near a one-month low due to concerns about growth in top consumer China and a strong dollar, while nickel slipped as supply worries eased.
LONDON, Sept 10- Copper prices steadied on Wednesday near a one-month low, after hefty falls in the previous session, as the dollar's surge against a basket of currencies stabilized, while nickel slipped as supply worries eased.
SYDNEY, Sept 10- London metal contracts nursed heavy losses from the session before on Wednesday, as the dollar took a breather from an upward surge, with copper steadying near a four-week low and nickel recovering from 5- percent losses as supply worries eased.
*U.S. crude for October delivery had risen 19 cents to $92.94 by 0034 GMT, after gaining 9 cents the day before to end declines over the previous three sessions. *Brent crude rose 28 cents to $99.44, snapping a four-day losing streak after it settled down $1.04 on Tuesday at $99.16, the lowest closing price since April 2013.
SINGAPORE, Sept 10- Gold slipped on Wednesday to trade near its lowest in three months as speculation over an early U.S. interest rate hike strengthened the dollar and dulled bullion's appeal. *Spot gold slipped $1 to $1,254.90 an ounce by 0039 GMT.
Sept 9- The parent of White Rose Inc, one of the biggest independent food distributors in the New York City area, on Tuesday filed for bankruptcy and said it had agreed to sell substantially all its assets to C&S Wholesale Grocers Inc, one of the largest privately held U.S. companies.
NEW YORK, Aug 13- The millions of Americans that use propane to heat their homes, dry crops or keep livestock warm expect another tough winter this year as a fragmented supply network of pipelines, trains and trucks struggles to keep pace with spiking demand.
*Second-quarter productivity rises at 2.5 percent pace. WASHINGTON, Aug 8- Productivity at U.S. nonfarm businesses rebounded strongly in the second quarter, putting a lid on wage pressures and giving the Federal Reserve room to keep interest rates low for a while.
WASHINGTON, Aug 8- U.S. wholesale inventories rose less than expected in June, which could have an impact on the growth estimate for the second-quarter. The Commerce Department said on Friday wholesale inventories increased 0.3 percent after a downwardly revised 0.3 percent gain in May.
SYDNEY, Aug 8- London copper slipped on Friday and was set to post its third weekly loss in four as supply slowly improves and traders await fresh data from top metals user China later in the session. Copper sank to a five week low on Wednesday at $6,951.75 a tonne.
SINGAPORE, Aug 8- Gold dipped on Friday after two days of gains, but remained on track to snap a three-week losing streak as geopolitical tensions over Ukraine lift the metal's safe-haven appeal. *Gold has been boosted by risk-aversion sentiment in the market, after U.S. and European equities slumped fearing a worsening of tensions between Russia and the West.