A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Escalating trade tensions have hit emerging markets hard this month. With the trade war still a looming fear for markets, Miller Tabak equity strategist Matt Maley is making a...Trading Nationread more
Under-the-radar hedge-fund managers beating the market are betting on big comeback stories General Electric and PG&E, as well as Biogen.Marketsread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Best Buy beat Wall Street estimates for quarterly same-store sales on Thursday, as the consumer electronics retailer sold more wearables and tablets and signed up more people...Retailread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
The global economy would be hit hard if President Donald Trump decides to impose steep tariffs on imported cars, Citi's Willem Buiter told CNBC on Thursday, with Germany...Autosread more
(Recasts throughout; updates prices; adds market activity, comments, NEW YORK to dateline) NEW YORK/LONDON, April 11 (Reuters) - Arabica coffee futures on ICE plunged to a new 13-year low on Thursday, as a weaker Brazilian currency compounded the market's challenges with oversupply, while New York cocoa fell as a recent rally lost momentum.
* May arabica coffee settled down 4 cents, or 4.2 percent, at 90.25 cents per lb after slumping to 90.15 cents, its lowest in over 13 years.
* This was its biggest daily percentage drop since late November, as a weaker currency in top-grower Brazil, the impending options expiry, and continued oversupply dragged the market lower.
* The Brazilian real weakened against the U.S. dollar, which can encourage producer selling in the top-grower.
* May options expire on Friday, which was pressuring the market, especially given the number of open puts around the 90-cent level, dealers said.
* Massive Brazilian exports of both arabica and robusta beans continued to weigh on coffee markets, dealers noted. Brazilian coffee exports last month were 14.2 percent higher than in March 2018, exporters association Cecafé said on Wednesday.
* Terra Forte, a top Brazilian coffee exporter, filed for bankruptcy protection in a Sao Paulo state court, lawyers for the company said on Wednesday.
* May robusta coffee settled down $16, or 2.3 percent, at $1,392 a tonne, after touching a three-year low of $1,381.
* Exports from top robusta producer Vietnam have also been strong.
* May New York cocoa settled down $55, or 2.3 percent, at $2,388 a tonne after earlier hitting a nine-month high of $2,454. "We had an outside reversal day down and some longs are taking profits here," and there was now the technical set up for going short, one U.S. trader said.
* For the first time in over a week, the market was no longer technically overbought on the relative strength index.
* The recent rally has been fueled by speculative short-covering against the backdrop of concerns about dry weather in top grower Ivory Coast.
* Still, Ivorian port arrivals so far this season are running well above last year.
* May London cocoa settled down 1 pound, or about 0.1 percent, at 1,809 pounds a tonne.
* May raw sugar settled down 0.15 cent, or 1.2 percent, at 12.66 cents per lb.
* The market continued to struggle to overcome producer selling above 12.80 cents, with a run-up on Wednesday stalling at 12.83 cents.
* May white sugar settled down $3.70, or about 1.1 percent, at $323.00 a tonne.
* The contract expires on Monday and dealers noted there was little appetite to take delivery.
(Reporting by Ayenat Mersie in New York and Nigel Hunt in London; Editing by Jane Merriman and Tom Brown)